Supply Chain
The supply chain is the backbone of the UK jewellery industry, connecting designers, manufacturers, wholesalers, and retailers. For trade professionals, understanding supply chain dynamics is essential to managing costs, ensuring ethical sourcing, and maintaining resilience in the face of global challenges. Jewellery Focus provides expert coverage on supply chain developments, from material sourcing and logistics to regulatory changes and sustainability initiatives, helping businesses stay agile and informed in a competitive market.
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Mar- 2022 -17 MarchNews
BoE raises interest rates to 0.75%
The Bank of England has raised interest rates back to the pre-pandemic level of 0.75% as it tries to mitigate the effect of the rising costs of living and the impact that the conflict in Ukraine is having on the global economy. The Monetary Policy Committee (MPC) voted with a…
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8 MarchRetailers
Flinn and Steel on track for £750,000 turnover
Sheffield Steel and Titanium wedding ring brand, Flinn and Steel, has announced it is on track to turnover more than £750,000 in its third year in business. It was launched in a shed on the edge of Sheffield at the start of the pandemic by Ollie Allen and Jess Flinn,…
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Jan- 2022 -19 JanuaryCurrent Affairs
Inflation hits 30-year high
Inflation reached 5.4% in December, its highest rate since CPIH stood at 5.1% in May 1992, according to the latest figures from the Office for National Statistics (ONS). It revealed the consumer prices index including owner occupiers’ housing costs (CPIH) rose 4.8% in the 12 months to December 2021, up…
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7 JanuaryEvents
Spring Fair and Moda confirms February show ‘will go ahead’
Spring Fair and Moda has confirmed that it will take place from 6- 9 February 2022 in Halls 1-8 at NEC Birmingham, as planned. The fair showcases an array of jewellery and watch edits and is expected to have over 1,000 exhibitors. Julie Driscoll, divisional managing director for retail, engineering…
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Dec- 2021 -8 DecemberEvents
IEG’s Vicenzaoro January to return in 2022
The Italian Exhibition Group has announced that its Vicenzaoro January International Jewellery Show will return to and run from 21 to 26 January 2022. Due to Covid-19 restrictions in place last year, the trade show took place online, with next year hoping to be a return to physical attendance At…
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3 DecemberNews
Maria Black becomes first luxury brand to join Fairtrade programme
Maria Black has become the first “luxury” jewellery brand to join the new Fairtrade Gold Sourcing Programme (GSP) on 3 December 2021. In 2021, which marks 10 years of Fairtrade Gold, the programme was launched to enable more jewellery brands and businesses to source from an “ethical supply chain”. Maria…
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3 DecemberRetailers
Signet sees sales reach £1.1bn in Q3
Signet jewellers, the diamond jewellery retailer, has announced its total sales reached $1.5bn (£1.1bn) for the 13 weeks ending October 30, 2021 (Q3 22), which is an increase of more than $235m (£117m) compared to Q3 21 and more than nearly $350m (£263m) than Q3 FY20. The jewellers operating income…
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Oct- 2021 -27 OctoberEconomy
Chancellor unveils 50% rates discount for Retail, Hospitality and Leisure
Chancellor Rishi Sunak has unveiled a 50% discount on business rates for the hospitality, retail and leisure sectors (up to £110,000), equating to a business tax cut worth £1.7bn, the biggest single-year rates cut for firms in over 30 years. Unveiling his latest Budget in the Commons today (27 October),…
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5 OctoberTrade Organisations
RJC partners with Paola De Luca on sustainability programme
Responsible Jewellery Council (RJC) has announced a new collaboration with luxury analyst Paola De Luca, to deliver three complementary course programmes about sustainability, recycling and responsible materials management to jewellery designers around the world. The webinar modules, endorsed by the RJC, will take place on 20 October, 3 November and…
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Sep- 2021 -30 SeptemberTrade Organisations
The Natural Diamond Council expands Assure program
The Natural Diamond Council (NDC) has announced the expansion of its Assure program which was designed to protect consumers and safeguard the supply chain by supporting Diamond Verification Instrument manufacturers. The goal of this initiative is to maintain consumer confidence in the diamond jewellery industry. The program was first launched…
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