Economy

De Beers announces rough diamond demand is strong for second cycle in 2018

De Beers has released data on its second cycle of rough diamond sales for 2018, with revenues provisionally secured at…

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High street banks urged to continue taking in old £10 notes to ‘save’ retailers

Retailers are continuing to hand out old £10 notes despite them ceasing to be legal tender on 1 March 2018.…

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Hallmarking figures increase by 13% for January 2018

Hallmarking rose by an average of 13% in January 2018 compared with the same period the previous year, according to…

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Retail footfall takes a hit with Scotland showing sharpest decline

Footfall in January decreased by 1.6% year-on-year, showing a deeper decrease than the rate seen for January 2017, according to…

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Consumer spending grows 3.9% in January

Consumer spending increased 3.9% in January, partially driven by price increases that continued to drive uplifts in ‘essential’ spending. That…

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Q4 gold demand recovery fails to mitigate full year declines in 2017

Gold demand rallied in the closing months of 2017, gaining 6% year-on-year in Q4 to reach 1,095.8 tonnes (t). However,…

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December 2017 sees retail sales slump

The Office for National Statistics (ONS) has revealed that December 2017 had the weakest retail sales in over four years.…

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Jewellers warned the Darwin £10 note is almost extinct

The Bank of England has warned that it will withdraw legal tender status of the paper £10 note featuring Charles…

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Hallmarking figures drop by 7.4% for December

Hallmarking fell by an average of 7.4% in December 2017 compared to the same period in the previous year, according…

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High street sees sharpest footfall decline in four years

New figures from the British Retail Consortium (BRC) and Springboard show footfall in the month of December suffered its sharpest…

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