Pandemic
The pandemic has had a lasting impact on the UK jewellery trade, reshaping consumer habits, supply chains, and retail strategies. For jewellers, manufacturers, and suppliers, understanding these changes is essential to adapting and building resilience. Jewellery Focus provides in-depth coverage of the pandemicโs effects on the industry, including market analysis, business recovery strategies, e-commerce growth, and insights into shifting demand patterns. Our reporting helps trade professionals navigate the ongoing challenges and opportunities in a post-pandemic landscape.
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Mar- 2023 -28 MarchDesigners
Faberge owner posts record revenues
Faberge owner Gemfields has posted record revenues of $341m (ยฃ279m), an increase of 32%, for the year ended 31 December 2022. The company also posted strong EBITDA growth of 25% up to $166m (ยฃ136m) and an EBITDA margin of 45%. Gemfieldsโ net profit was also up to $74m (ยฃ60m) compared…
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3 MarchDesigners
British jewellery brand 7879 posts first year revenues of ยฃ1.5m
British jewellery brand 7879 has announced revenues of ยฃ1.5m for its first year of trading, with revenues set to hit ยฃ3m in year two. The companyโs quarterly revenues jumped 977% from Q1 to Q4 in the first yearโs trading and average order values increased linearly to ยฃ500. Repeat customers have…
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Feb- 2023 -27 FebruaryNews
De Beers sees demand fall in 2022 despite rising revenues
De Beers has announced that it saw a negative demand growth in 2022 as a result of increased Covid restrictions in China from Q2 onwards. A weaker economic outlook in the second half of the year caused a build-up of midstream polished diamond inventories, pushing down prices and causing negative…
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6 FebruaryNews
Trade bodies urge Govt to reform โbrokenโ apprenticeship levy
Four trade bodies within UK retail and hospitality, including the BRC, have called on the government to reform the โbrokenโ apprenticeship levy system, as so far, ยฃ3.5bn has reportedly expired before businesses could make use of it. This call on the government comes as businesses were also unable to meet…
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Jan- 2023 -27 JanuaryRetailers
Vacancy rates improve to 13.8% in Q4
The overall vacancy rate improved to 13.8% in the fourth quarter of 2022, which was 0.1 percentage points better than Q3 and 0.6 percentage points better than the same period last year, according to the latest BRC/LDC monitor. This was the fifth consecutive quarter of falling vacancy rates. All locations…
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25 JanuaryNews
Footfall improves throughout 2022 but remains 14% behind 2019
UK footfall improved throughout 2022, but there still remains a โsignificantโ 14.2% gap to pre-pandemic 2019 levels, according to Springboardโs annual retail review for 2022. However, the figure does mark โa steady improvementโ, from -20.8% below 2019 in January 2022 to -10.9% in December 2022. The uplift from 2021, however,…
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20 JanuaryRetailers
Beaverbrooks sees record December sales
Jewellery retailer Beaverbrooks has announced record breaking December sales with an 8% increase compared with 2021. The retailer also stated that it saw an 18% increase in sales when only accounting for the last two weeks of the month compared with 2021. Despite the cost of living crisis and rail…
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20 JanuaryRetailers
No Christmas boost as retail sales volumes fall 1%
Retail sales volumes fell by 1% in December 2022 after a 0.5% fall in November 2022, according to data from the Office for National Statistics (ONS). Alongside this, sales volumes were down 1.7% compared with pre-pandemic levels in February 2020. Non-food store sales volumes also dropped 2.1% over December. ONS…
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Dec- 2022 -19 DecemberRetailers
Laings announces ยฃ60m turnover in post-pandemic rebound
Retail jeweller Laings has announced a 62% increase in turnover, up to ยฃ60m, in its results for the year ended 31 May 2022. The companyโs pre-tax profit was ยฃ5.4m up from ยฃ2.8m in 2021. Its gross margin also rose to 34% from 32.8%. The results were supported by โhealthy growthโ…
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6 DecemberEconomy
Footfall rises 5.4% amid โcause for optimismโ, Springboard says
Footfall rose by +5.4% across all UK retail destinations last week from the week before, with increases across all three key destination types (+6.9% in high streets, +4.8% in shopping centres and +3% in retail parks), according to Springboard. Springboard said this offers a โcause for some optimismโ for retailers…
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