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 pandemic’s 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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Jun- 2020 -8 JuneManufacturers
BlueRock Diamonds completes $700k diamond sale
BlueRock Diamonds, a diamond producer that owns and operates the Kareevlei diamond mine in South Africa, has announced the private sale of 2,400 carats. The carats were sold at an average price of $290 (£229) per carat for a total of $700,000 (£552,000). According to the producer, the sale did…
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8 JuneCoronavirus
Sunday trading deregulation would be a ‘slap in the face’ for key workers, says Usdaw
Shopworkers union Usdaw has titled government plans for Sunday trading deregulation as a “slap in the face” for key workers and calls out the government failing to provide a “proper strategy “to help the retail industry. This move to deregulate Sunday trading hours would come across as an opportunistic use…
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5 JuneAppointments
Arnault son named as Tag Heuer CEO
LVMH has announced that Frederic Arnault, son of chief executive Bernard Arnault, will assume the position of CEO for Tag Heuer. Arnault’s new role will come into effect on 1 July. He had initially joined the watch group in 2017 as its strategy and digital director. In addition, LVMH announced…
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4 JuneCoronavirus
LVMH retreats from Tiffany takeover
Luxury powerhouse LVMH has announced that it will no longer go ahead with its proposed takeover of Tiffany & Co in light of “recent market rumours” amid the pandemic. LVMH had initially announced a “definitive” agreement with the luxury jewellers last November, whereby it outlined its intention to acquire the…
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3 JuneCoronavirus
Biggest decline in shop prices since 2006
May shop prices tumbled at the fastest rate of decline since 2006, falling by 2.4% against a 1.7% decrease in April. This was “largely” driven by a sharp fall in non-food prices, which fell “sharply” by 4.6% in the period, compared to a decline of 3.6% the month prior. This…
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3 JuneCoronavirus
Hiring starts to pick up in retail industry as lockdown eases
Hiring has started to pick back up in the retail industry last month, with job vacancies advertised increasing by an impressive 27.1% month-on-month, according to the latest data from CV Library. The study looks at job market data throughout May and compares this with figures from the previous month (April…
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2 JuneDesigners
Lark & Berry launches bespoke engagement ring service
Lark & Berry has announced the launch of a new bespoke design guide offering customers the chance to design their own ring. The move follows on from the sustainable brand’s recent launch of direct-to-consumer engagement ring options in order to meet increasing demand. The brand’s website has seen a 900%…
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1 JuneAdvice
The new ‘business as un-usual’ for the jewellery trade
It’s a bit of an understatement to say that the jewellery industry has been rocked (like every industry) by this pandemic. It has caused businesses to collapse, unemployment to rise and left us all thinking about what sort of new normal we will return to. With the Government easing lockdown…
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1 JuneCoronavirus
UK consumers want ‘more opportunities’ to support local businesses
Some 54% of UK consumers said they would like more opportunities to support local businesses during the current ongoing lockdown, such as being able to purchase vouchers in exchange for future goods. The findings come from new research published by ActLocal.co and VCCP Ignite, who also found that 63% of…
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1 JuneRetailers
Usdaw calls on government to respond to crime report
Retail trade union Usdaw has called on the government to respond to a new report which highlights the cost to business and staff of violence, threats and abuse against shopworkers. The ‘Retail violence: abused and attacked at work’ report by broadcast journalist Jamie Long highlights the 9% increase in violence…
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