Retail Sales
Retail sales are a key driver of the UK jewellery trade, reflecting consumer trends, seasonal peaks, and broader economic conditions. For jewellers, suppliers, and manufacturers, monitoring retail performance is crucial to planning inventory, marketing, and growth strategies. Jewellery Focus provides comprehensive coverage on retail sales, including market analysis, sales figures, consumer behaviour insights, and strategies for maximising performance in-store and online.
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Apr- 2025 -15 AprilRetailers
UK sales increase 1.1% in March thanks to good weather boost
UK Total retail sales increased by 1.1% year on year in March, against a growth of 3.5% in March 2024, with gardening and DIY sales being boosted by good weather. New data from the BRC and KPMG revealed that the increase was below the 3-month average growth of 1.6% and…
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Jan- 2025 -17 JanuaryDesigners
Richemontโs jewellery maisons boost Q3 sales
Richemont has reported a 10% increase in its Q3 sales to โฌ6.2bn (ยฃ5.2bn), driven by its jewellery sales which saw a 14% rise to โฌ4.5bn (ยฃ3.80bn), adding to 71% of group sales. The groupโs four jewellery maisons, Buccellati, Cartier, Van Cleef and Arpels and Vhernierโs sales growth was fuelled by…
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10 JanuaryNews
Diamond market remains stable but cautious in 2025
The diamond market was stable in December, with holiday sales matching the industryโs modest expectations, according to Rapaportโs RapNet Diamond Index. However, the diamond trade entered 2025 with caution due to the sluggish consumer demand in the US and competition from the synthetics market. Rapaport reduced prices on the Rapaport…
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7 JanuaryEconomy
BRC warns of 2025 falling sales volume despite December sales growth
The British Retail Consortium (BRC) has warned of possible falling sales volume in 2025 despite the modest increase in total retail sales experienced in December 2024. UK total retail sales in December 2024 increased by 3.2% year on year, against a growth of 1.9% in December 2023, according to new…
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Aug- 2024 -23 AugustNews
H&T Pawnbrokers profit before tax jumps to ยฃ9.9m
H&T Group, the UKโs largest pawnbroker and a retailer of new and pre-owned jewellery and pre-owned watches, has reported a 12.5% increase in profit before tax to ยฃ9.9m in H1 2024. The group stated that the core pawnbroking business continues to be the foundation of group profits as it is…
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9 AugustNews
Diamond prices plummet in July
Diamond prices dropped sharply in July amid slow retail sales and an oversupply in India, according to Rapaportโs RapNet Diamond Index. The seasonal summer slowdown also had a negative effect on sales. The RapNet Diamond Index (RAPIโข) for 1-carat goods, reflecting round, D to H, IF to VS2 diamonds, slid…
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Jul- 2024 -9 JulyEconomy
Cold weather chills consumer spending in June
UK Total retail sales decreased by 0.2% year on year in June, against an increase of 4.9% in June 2023, as cold weather negatively affected spending particularly on โweather sensitive categoriesโ. The latest figures from BRCโs and KPMGโs retail sales monitor revealed that food sales increased 1.1% year-on-year over the…
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Jun- 2024 -4 JuneRetailers
UK sales slightly increase by 0.7% in May
UK total retail sales increased by 0.7% year on year in May, against a growth of 3.9% in May 2023. This was above the 3-month average growth of 0.3% and below the 12-month average growth of 2.0%. Food sales increased 3.6% year on year over the three months to May,…
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May- 2024 -20 MayDesigners
Richemont sales rise 3% to โฌ20.6bn in FY 2024
Richemont has reported a 3% increase in group sales to โฌ20.6bn (ยฃ17.6bn) in FY 2024, driven by jewellery Maisons and retail, representing 69% of group sales. However, the groupโs operating profit dropped by 5% to โฌ4.8bn (ยฃ4.11bn). Profit for the year from continuing operations, which incorporated net one-time unallocated charges…
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Feb- 2024 -7 FebruaryEconomy
Retail sales slow as high cost of living enters third year
UK total retail sales increased by 1.2% year on year for the four weeks ended 27 January 2023, compared with a growth of 4.2% in January 2023, according to data from the British Retail Consortium (BRC). This was above the three-month average growth of 1.9% and below the 12-month average…
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