Economy

Gold jewellery demand down 15% in 2016

Demand for gold jewellery across the globe fell 15% in 2016, despite an overall rise in demand for gold. The…

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London jewellers set for sales boost as tourists celebrate Chinese New Year

Jewellery retailers in London could be set for a surge in sales this weekend (28 January) as Chinese tourists flock…

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De Beers reports ‘good demand’ for rough diamonds

The De Beers Group of Companies has reported “good demand” for rough diamonds as sales jumped in the company’s first…

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Petra Diamond revenue jumps 48% in first-half results

Petra Diamonds has announced that revenue jumped 48% for the first six months of its 2017 financial year. In a…

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High street footfall rises in December for first time in five years

UK high streets saw a 0.8% year-on-year rise in footfall in December as retailers managed to draw in last-minute shoppers.…

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Hallmarking falls sharply in December amid weak full-year results

The total number of hallmarked items nose-dived in December by 15.7%, a decrease of 145,007 pieces when compared with December…

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UK jewellery and watch sales help Richemont return to growth

Richemont has reported a 5% increase in total sales in the third quarter (Q3) of its financial year, boosted by…

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Last-minute Christmas rush boosts retail sales in December

UK retail sales continued to grow in December after consumers left their shopping until the final week before Christmas. The…

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Pound falls on Theresa May’s Brexit comments

The value of the pound has fallen to its lowest point in two months following Prime Minister Theresa May’s announcement…

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Shop prices show first sign of ‘upward trend’ in December

Shop prices have shown their “first sign of an upward trend” after deflation slowed during December. The British Retail Consortium…

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