United States
The United States is a major market and influencer in the global jewellery trade, with trends, consumer behaviours, and supply chain dynamics that impact UK jewellers, designers, and suppliers. From leading jewellery brands and technological innovations to sourcing opportunities and trade agreements, the US offers valuable insights and commercial potential for UK businesses. Jewellery Focus covers US market developments, brand activities, and industry trends that help UK trade professionals understand and engage with this key international market.
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Jul- 2025 -23 JulyTrade Organisations
WFDB calls for united front to support natural diamonds
The World Federation of Diamond Bourses (WFDB) president Yoram Dvash has called for a united front in response to the growing market share of synthetic diamonds, which now account for more than 20% of global jewellery sales. According to the WFDB, the rapid growth of lab-grown diamonds is reshaping the…
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Jun- 2025 -17 JuneRetailers
Tiffany and Arsham unveils bronze vessel and HardWear necklace
Tiffany and Co. has unveiled a new collaboration with contemporary artist Daniel Arsham, comprising a limited-edition bronze sculpture and a bespoke jewellery piece. The Bronze Eroded Penny Vessel – a patinated bronze sculpture embedded with polished crystal – contains a reimagined version of the brand’s HardWear necklace. Only 39 of…
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May- 2025 -8 MayNews
BoE cuts interest rates to 4.25%
The Bank of England (BoE) has cut interest rates to 4.25%, down from the previous rate of 4.5%, marking the fourth rate cut since last year’s peak of 5.25%. At its meeting ending on 7 May, the bank’s monetary policy committee (MPC) voted by a majority of 5–4 to reduce…
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Apr- 2025 -28 AprilManufacturers
De Beers rough diamond production falls 11% in Q1
The De Beers Group has reported its rough diamond production in Q1 2025 decreased by 11% to 6.1 million carats, reflecting the continued production response to the prolonged period of lower demand. In Botswana, production decreased by 8% to 4.6 million carats, as a result of the planned actions to…
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3 AprilAppointments
Fiskars appoints ex-Louis Vuitton president as Vita CEO
Global lifestyle brand Fiskars Group has appointed ex-Louis Vuitton president Daniel Lalonde as the new CEO of Business Area Vita and a member of the Fiskars Group leadership team. In his new role, Lalonde will oversee Vita, Friskars Group’s luxury jewellery division, which features an extensive portfolio including brands like…
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Mar- 2025 -20 MarchCurrent Affairs
BoE holds interest rates at 4.5%
The Bank of England (BoE) has voted to hold interest rates at 4.5%, having cut the rate last month to its lowest level since June 2023. At its meeting ending on 19 March, the bank’s monetary policy committee (MPC) voted by a majority of 8–1 to maintain the rate at…
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Nov- 2024 -15 NovemberRetailers
Alexandre Arnault exits Tiffany and Co in latest LVMH reshuffle
Alexandre Arnault, executive vice president of Product, Communications and Industrial at Tiffany and Co has stepped down from his role following the latest LVMH leadership reshuffle. Arnault has now been appointed as deputy CEO of the group’s Wines and Spirits division. He began his career in the United States, first…
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Jun- 2024 -11 JuneManufacturers
The Royal Mint signs £100m deal with RARCOA to expand in US
The Royal Mint has signed an exclusive distribution deal to grow its commemorative coin business in the US. The deal with the Rare Coin Company of America (RARCOA) is projected to turnover £100m over the next three years. Since 2022, The Royal Mint has seen a 118% increase in the…
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May- 2024 -10 MayDesigners
Richemont acquires Italian brand Vhernier
Richemont has announced that it has reached an agreement to acquire 100% of Vhernier, the distinctive Italian jewellery Maison, in a private transaction. Founded in Valenza, Italy in 1984 and headquartered in Milan, Vhernier was acquired by the Traglio family in 2001. Vhernier is renowned for the “modern” aesthetic of…
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Feb- 2024 -2 FebruaryManufacturers
De Beers reports first rough diamond sales of $370m
The De Beers Group has reported that its rough diamond sales for its first sales cycle amounted to $370m (£292.8m) as at 30 January 2024. The figures mark an increase on the $137m (£108.4m) sold in the final sales cycle of 2023, even though it is down from $454m (£359.3m)…
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