The industry has enjoyed some sunnier times in recent months.
I know this might scare you but we’re more than halfway through the year. It’s alright, you can come out from under your desk, till point or work bench now because things are looking a bit sunnier than many of us might have anticipated.
While being seven months in might be a scary prospect it has already given us time to recount on the first quarter of the year, as numerous business results have revealed. Pandora is up in Europe and so is platinum demand in the UK. Diamonds have been selling for millions and silver hallmarking increased in April after several months of decline. Yes, there have been some sticky points so far this year, the recent fluctuation in gold price for example, and the fact Signet Group and UK gold demand are both down. But as ever there is always a silver lining and those individuals and businesses seeking to buck the trend.
One such person, seeking to help retailers wherever possible, is the National Association of Goldsmiths’ new chief executive Michael Rawlinson. While he admits that he knew little about the jewellery industry three months ago when he took on the role he is armed with – and working through – a to-do list for the NAG that will dust out some of the cobwebs and bring the association bang up to date and working hard for its retailers.
On the note of retail success, as covered last month, palladium is having a bit of a purple patch in the UK right now, as you can read in our recent report where we discussed the pros and cons of the metal and discover that while it is a recession-busting choice it might be some time before it is truly mainstream.
Hopefully many of you will have made it to the recent Jewellery Show London, Treasure and Goldsmiths Pavilion events which took place in the capital last month, bursting with must-see brands, fine gold and silversmithing and an abundance of new designers. I hope that many of you had chance to visit our Treasure and Jewellery Show London winners, Tessa Metcalfe, Rosita Bonita and Smith/Grey at Treasure during Jewellery Week. They worked hard to win this year and we know that with your support they can go far, flying the flag for British jewellery design.
And with the sunny weekend behind us I hope you are feeling revived and ready to take on the second half of the year. I know I am.
This editor’s letter was taken from the June issue of Professional Jeweller. To read the magazine in full online, click here.