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The European Union (EU) has announced significant changes to its sanctions on Russian diamonds, extending the transition period and introducing key exemptions that will affect importers and the wider jewellery industry. Extension of the Sunrise Period The EU has extended the “sunrise period” for its traceability requirements on Russian diamonds by six months. This means [...]

The Bank of England has maintained its interest rates at 5.25% for the seventh consecutive time, describing the decision as “finely balanced.” This decision comes as inflation recently hit the Bank’s 2% target for the first time in three years. Decision Details Seven out of nine members of the Monetary Policy Committee (MPC) voted to [...]

Austrian jewellery brand Swarovski has opened a new store in London’s Canary Wharf, supported by Newmark Retail UK & EMEA. The store is situated at Unit 40, Jubilee Place and  offers 1,569 sq ft of space for Swarovski’s jewellery and accessories. Location Significance Canary Wharf, with over 120 stores across five shopping malls, is one [...]

Sierra Consultancy, in partnership with Jewellery Academy Wales, has announced an extension of the registration deadline for its Beginners Summer CAD Course. The new deadline is now set for 4 July, allowing more participants to join the seven-week program designed to equip jewellers with essential CAD design skills using the 3DESIGN software. Course Structure and [...]

Hancocks London has officially opened its new premises at 62 St James’s Street. This move marks a significant milestone in the company’s history, signifying a return to its roots while embracing modernity. A Return to Origins Guy Burton, Managing Director of Hancocks London, commented on the significance of this expansion: “Throughout our history, Hancocks has [...]

Designer Freya Rose is set to introduce her new Zodiac collection on 21st June 2024, featuring intricately handcrafted star sign pendants. This latest collection aims to offer a fresh perspective on zodiac jewellery, combining astrological symbols with elegant design elements. Intricately Handcrafted Designs The Zodiac collection showcases Freya Rose’s use of Mother of Pearl and [...]

Jewellers and valuers in the UK and other European markets can now access Instappraise’s jewellery valuation solution, aimed at streamlining business operations. Official UK Market Entry Instappraise, a leading digital solution for jewellery valuations and appraisals, has announced its official entry into the UK market, marking the occasion by sponsoring the National Association of Jewellers [...]

Gemfields has launched a new book, titled No Stone Unturned: The Hunt for African Gems, authored by Richa Goyal Sikri.  This publication explores the journey of gemstone discoveries across Africa over the past six decades, capturing the essence of the coloured gemstone industry. A Collection of Real-Life Adventures The book, No Stone Unturned, comprises 24 [...]

The Goldsmiths’ Centre in London has announced the first round of recipients for its 2024 Business Catalyst (Small) Grants.  Five emerging jewellery and silversmithing businesses have each been awarded £1,000. The recipients are Scarlett Cohen French, Ozlem Gunes, Megan Brown, Emma Wilson, and Alice Fry. Selection and Purpose The grants were awarded by the Goldsmiths’ [...]

Signet Jewelers has identified fashion jewellery as the primary avenue for growth in the synthetic-diamond segment, according to CEO Gina Drosos. During an investor call following the release of Signet’s fiscal first-quarter earnings, Drosos highlighted that revenue from fashion jewellery featuring synthetic diamonds surged by 14% year on year. This growth occurred as the company [...]