Wholesale
Wholesale is the backbone of the UK jewellery supply chain, connecting manufacturers, distributors, and retailers with the products and materials they need to meet market demand. Jewellery Focus covers the wholesale sector in depth, reporting on supplier innovations, market trends, pricing developments, and logistical challenges affecting the trade. We provide insights for retailers as well as for wholesalers looking to adapt to shifting consumer behaviours, sustainability demands, and regulatory changes.
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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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9 MayRetailers
Watches of Switzerland acquires Roberto Coin
Watches of Switzerland Group has signed and completed the acquisition of the entire share capital of Roberto Coin Inc. for a total cash consideration of $130m (ยฃ104.2m). ย Roberto Coin S.p.A., founded in the Italian city of Vicenza, designs and manufactures delicately handcrafted jewellery with a unique ruby signature under the…
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Apr- 2024 -10 AprilRetailers
Auree launches online with John Lewis
British contemporary jewellery brand Auree has launched online in partnership with John Lewis.ย Coinciding with the start of the Spring/Summer season, a curated edit is now available within the storeโs jewellery section, including necklaces, bracelets, rings and earrings priced from ยฃ35. The launch marks the continuation of a wholesale expansion…
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Feb- 2024 -26 FebruaryTrade Organisations
NAJ roundtable discusses future of trade with Chris Bryant MP
The National Association of Jewellers (NAJ) hosted a special 23 person industry wide roundtable on 8 February, bringing together all facets of the UK Jewellery, Silverware and Allied Crafts sectors, to meet with Sir Chris Bryant MP, shadow minister for creative and digital, part of the Department for Digital, Media…
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6 FebruaryNews
Karina Krafts Ltd acquires key business assets from Potters London
Karina Krafts Ltd, a leading independent supplier of jewellery and gift and presentation packaging, recently announced the strategic acquisition of key business assets from Potters London. Karina Krafts, established in 1978, is known for providing high-quality packaging solutions throughout the UK and beyond. Potters brings 175 years of experience and…
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Oct- 2023 -26 OctoberManufacturers
De Beers production declines 23% in Q3
De Beers Group has recorded a 23% decrease in production to 7.4 million carats in the third quarter. The company attributed the drop to the ongoing transition at Venetia and planned maintenance at its diamond mines in Botswana. The Venetia mine in South Africa saw the biggest decline, as production…
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Jul- 2023 -26 JulyNews
RJC officially launches first ESG toolkit
Responsible Jewellery Council (RJC) has officially launched its first ever ESG toolkit to members after it was exclusively launched on 23 June 2023 at Harvard University. The โState of the Art Jewelleryโ summit hosted by RJC, the Gemmological Institute of America (GIA) and the Mineralogical and Geological Museum at Harvard…
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18 JulyRetailers
Richemontโs jewellery maisonsโ sales rise to 24%
Richemontโs three jewellery maisonsโ – Buccellati, Cartier and Van Cleef and Arpels have reported 24% increase in sales in FY23, according to its trading update for its first quarter ended 30 June 2023. According to the report, sales progressed in all channels and regions excluding the Americas where sales were…
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Jun- 2023 -27 JuneFeatures
Jessica Flinn on changes, challenges and trends in the jewellery industry
Can you tell me about yourself and the history of Jessica Flinn? I started Jessica Flinn Designers Limited straight out of university in 2010, so it has been 13 years now, which is absolutely bonkers. I initially started out making stainless steel and silver jewellery, and I would sell it…
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Apr- 2023 -25 AprilRetailers
Fabergรฉ appoints new CEO
Fabergรฉ has promoted managing director Antony Lindsay to the role of CEO. He will replace Sean Gilbertson, who has become executive chairman of the Fabergรฉ board. Lindsay worked for five and a half years as Fabergรฉโs managing director. He remains a member of the board of directors for both Fabergรฉ…
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