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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Sep- 2022 -23 SeptemberEconomy
Chancellor announces sweeping tax cuts in first mini-budget
Chancellor Kwasi Kwarteng has today (23 September) announced a ream of tax cuts alongside a £60bn energy support package as part of the new government’s first mini-budget. Setting out his aims for economic growth, Kwarteng said that he wants the economy to increase by 2.5% annually in the medium-term, through…
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16 SeptemberEvents
IEG, Vicenzaoro September: 20% more foreign visits than in 2019
Vicenzaoro September closes its 2022 edition by recovering and surpassing pre-pandemic results. The overall number of visits was up 10% compared to 2019 with an explosion of foreign attendances showing an increase of 20%. Over half of the total attendance was international (51%), rom 124 countries worldwide. To date, total…
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8 SeptemberEconomy
Energy bills to be capped at £2,500 a year from October
Prime minister Liz Truss has announced today that energy bills for typical households will be capped at £2,500 annually for their gas and electricity bills from the start of this coming October. The news comes as her first major policy announcement, and according to Sky News, the new price guarantee…
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Jul- 2022 -18 JulyNews
Richemont Q1 sales rise 12% to £2.55bn
Richemont has reported sales growth of 12% for the first quarter ending 30 June 2022, rising from €4.39bn (£3.72bn) to €5.26bn (£4.46bn), with its Jewellery Maisons business also delivering 12% sales growth from €2.51bn (£2.13bn) to €3bn (£2.55bn). The group’s other business areas, mostly composed of Fashion and Accessories Maisons,…
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8 JulyNews
Cost of living crisis weighs on retail sales growth
High levels of inflation and the deepening cost of living crisis have prompted further slowing of retail sales growth, according to BDO’s High Street Sales Tracker (HSST). It found that total like-for-like (LFL) sales, combined in-store and online, increased by +8.4% in June compared to the equivalent month in 2021,…
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Jun- 2022 -1 JuneRetailers
Deakin and Francis appoints business development manager
Deakin and Francis has announced the appointment of Mark Riddle as the company’s new business development manager. In his new role, Riddle will focus on working with existing UK accounts to build sales, secure compatible new UK wholesale distribution for the Deakin and Francis brand, and identify new corporate clients.…
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1 JuneEconomy
Almost half of businesses hit with price increases
Approximately half (48%) of businesses currently trading have reported that the prices of materials, goods, or services bought in April 2022 had increased from March 2022, while 23% reported that prices sold had increased across the same period. According to the Office for National Statistics (ONS), the wholesale and retail…
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May- 2022 -12 MayEconomy
UK economy shrinks in March
The UK economy shrunk by 0.1% in March as consumers started to feel the bite of rising energy prices and the cost of living. The latest figures also come after a period of no growth in February. During the period, services fell by 0.2% on the month and was the…
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4 MayRetailers
Dollie Jewellery welcomes business partner amid global revamp
Dollie Jewellery has appointed Melanie Tillett as its new business partner in a bid to revamp the silver jewellery brand. Dollie Jewellery is now expanding its presence nationally and internationally, and Tillett will be responsible for pushing the company as it prepares to enter the global marketplace. Tillett is the…
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Apr- 2022 -11 AprilEconomy
UK GDP slows to 0.1% in February
Gross domestic product (GDP) slowed in the UK as the economy only saw 0.1% growth in February, down from a growth rate of 0.8% in January. According to the Office for National Statistics (ONS), services grew by 0.2% and was the main contributor to February’s growth in GDP, although this…
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