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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May- 2020 -14 MayRetailers
Watches of Switzerland reports 5.9% increase in revenues in Q1 results
Watches of Switzerland has reported a 5.9% increase in group revenues to £819.3m in the year to 26 April, ahead of recently revised guidance. In the 46 weeks to 15 March 2020, group revenue increased by 15.8% across both the UK, which was up by 9.4% and the US, which increased…
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13 MayAdvice
How to keep track of your cash flow
More than ever, cash flow is a key issue for small businesses, and understanding it is crucial to making informed decisions at the right time. The government will be asking businesses to demonstrate that they have an understanding of the state of their cash flow as it stands, and in…
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13 MayCoronavirus
Presman Mastermelt reopens scrap metal postal service amid Covid-19 pandemic
Precious metals processing and recycling company Presman Mastermelt has announced it is restarting its postal service for customers wanting to send their precious scrap and lemel. The company, which is based in London’s Hatton Garden, is currently closed to visitors, and said all registered parcels will be accepted on Mondays…
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13 MayInternational
Alrosa ‘virtually stops’ trade in April
Alrosa Group announced it has “virtually stopped” selling rough and polished diamonds in light of the ongoing pandemic, though it has “remained committed” to its price over volume strategy. The world’s largest diamond miner by volume still sold $15.6m (£12.7m) worth of rough and polished diamonds in the month. Revenue…
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13 MayRetailers
UK economy shrinks by 2% as pandemic takes its toll
The UK’s economy shrank by 2% in the three months to 31 March 2020, as a result of the Covid-19 pandemic. This is according to new data from the Office for National Statistics (ONS), which also found that gross domestic product (GDP) fell by 5.8% during March, the largest fall…
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12 MayCoronavirus
Houlden announces support measures for members
The Houlden Group has revealed a wealth of measures it is using to support its members and supplier partners during the ongoing pandemic. It initially facilitated inter-group communications between jewellers through its website forum, interactive Zoom meetings and social media platforms like WhatsApp, using the insights gained to “develop a…
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11 MayNews
Benevolent Society sends hampers to beneficiaries
The Benevolent Society has announced that it has identified up to 50 beneficiaries to be the recipients of a hamper filled with edible goods. In a newly-released statement, the society said: “With all of the talk of Worldwide pandemic, economic disaster, job losses, the NHS being overwhelmed, it is important…
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11 MayNews
British Academy of Jewellery collaborates with Parlement Lycéen Européen
The British Academy of Jewellery (BAJ) has announced the continuation of its partnership with Parlement Lycéen Européen (PLE), a network of jewellery schools across Europe. In light of the ongoing partnership, the association will participate in the PLE’s annual jewellery design competition, whereby students from twelve European jewellery schools compete…
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11 MayRetailers
Trouble ahead for retail vacancy rates, warns BRC
The British Retail Consortium (BRC) and Local Data Company has said the new BRC-LDC Vacancy Monitor has revealed that the rate of store vacancies increased to 12.2% in March. The monitor also reported a 0.3% decrease in vacancy rates in shopping centres to 14.1% compared with 14.4%. The South West and Wales…
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7 MayCoronavirus
Birmingham Assay Office reopens gem lab amid Covid-19 pandemic
The Birmingham Assay Office has re-opened its gem lab and is now fully operational three days a week amid the Covid-19 crisis. Like many other businesses, the Birmingham Assay Office temporarily closed its doors on Tuesday 24 March for three weeks as stipulated by the government, but last month hallmarking…
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