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Diamond ring bought for £10 expected to fetch £350,000 at auction

Diamond ring bought for £10 expected to fetch £350,000 at auction

A large diamond ring purchased for £10 at a car boot sale is expected to fetch £350,000 under the hammer at Sotheby’s July auction. The ring, which was bought 30 years ago for £10 when the original owner had mistaken it for a piece of costume jewellery, has been described by Sotheby’s as a 26.27ct,

Theo Fennell, founder, Theo Fennell

Theo Fennell enters administration after struggling to contain costs

The future of upmarket jeweller Theo Fennell has been plunged into uncertainty after it was forced to call in administrators yesterday. The company was in the middle of a restructuring programme but said the “burden” of certain fixed costs had hit the business hard and threatened its ability to trade. A number of staff have


De Beers invests in research to make carbon-neutral mining a possibility

De Beers Group today announced it is leading a ground-breaking research project that aims to deliver carbon-neutral mining at some of the company’s operations in as few as five years. The company’s scientists are working in close collaboration with a team of internationally-renowned scientists to investigate the potential to store large volumes of carbon at

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Argento boosts Peterborough fashion credentials

Jewellery retailer Argento has increased Peterborough’s fashion credentials with the opening of a new store, and a larger Pandora space. Following a strong performance from its existing Queensgate store, jewellery giant Pandora has taken an additional 2,700 sq ft store opposite Boots in East Square. Pandora store owner, Peter Boyle, also decided to retain the

Steve Todd

Jewellery sales manager launches ST Agencies

Having worked in the jewellery industry for 18 years, WatchPro Hot 100 brand champion, Steve Todd, has now decided to go freelance and launch his own sales agent business. During his time in the industry progressing from a sales assistant to brand merchandiser, and on to regional sales manager, Todd has worked for prestigious brands

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Stockists respond positively to Gecko’s ‘D for Diamonds’ range

Gecko Jewellery says it has had a “very positive response” to its recently-refreshed ‘D for Diamonds’ range for children following on from Jewellery & Watch in Birmingham. The company has added a number of new retailers to its list of stockists and seen a month-on-month increase in sales. The collection, much of which can be


Drakes group heads to Plymouth for charity half marathon

Employees from Drakes, including the director, will be running Britain’s Ocean City Half Marathon in April in aid of Crohn’s and Colitis UK. Andrew Hirshman (director), Kim Nelson (Drakes Jewellery hospital manager), Rob Robins (jewellery designer and goldsmith) and Nikki Price (marketing manager) will be running the half marathon on behalf of the whole team

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Pandora officially opens new crafting facility with grand ceremony

By Stacey Hailes in Thailand Jewellery giant Pandora has officially opened its new crafting facility in Lamphun, Thailand, today with a grand ceremony attended by chief execs, the brand’s founder and press. Representatives of the brand including Pandora’s founder, Per Enevoldsen, chief executive officer, Anders Colding Friis, and chairman, Peder Tuborgh, gathered with press to

astra maya

Retailers anticipate New Zealand brand to have most commercial potential

A New Zealand jewellery brand has been voted as having the most commercial potential by CMJ retailers. ASTRA beat six other upcoming contenders at CMJ’s Dragons Den contest at CMJ’s Spring Trade Event to win the Dragons Den award, which recognises new industry talent. Founded in 2013, the brand has a strong personalisation concept and

Police Arrest A 32 year Old Man Over The Jo Yeates Murder

Crime gang convicted for £3m robberies on 11 jewellers

A Romanian crime gang that wreaked havoc on the industry by robbing some of the industry’s biggest jewellery chains has been jailed for 47 years. Members of the gang set up camp and cycled to jewellers across England in a series of burglaries where they stole more than £3.1m of goods. Branches of Fraser Hart,