Author Archives: Rob Corder

Turnover of over £35m for Laings Group confirmed in latest accounts

Turnover of over £35m for Laings Group confirmed in latest accounts

Laing The Jeweller (Glasgow) Limited has published its final set of accounts as a separate entity to Laing The Jeweller Limited and Parkhouse The Jeweller Limited, which the business acquired in September last year. The 2017 accounts show sales of £15.6 million for the year ended May 31, a 33% rise over the same period

Rox ready to open jewellery-only boutiques in Manchester and Liverpool

Glasgow-based Rox could open boutiques in Manchester and Liverpool that offer only jewellery and none of the premium Swiss watch brands it sells from its Scottish and Newcastle stores. The company is hungry to grow by opening new stores in the Northwest of England, but rival retailers have partnerships with all of the major luxury

Aurum Holdings secures surge in operating profit and sales for FY 2017

Aurum Holdings published its accounts for the financial year ending April 30 2017 today; confirming that sales rose 24.4% to £566 million and operating profit increasing 174.2% to £17.2 million. The accounting period pre-dates the acquisition of Mayors in the United States, which the group bought for $105 million in October 2017. Aurum Holdings, which

Revenues at LVMH hit a record-breaking £36.9 billion

LVMH Moët Hennessy Louis Vuitton ended 2017 with a 13% surge in sales to €42.6 billion (£36.9 billion), according to accounts published on Friday. The group’s Watch and Jewelry Division notched a 12% increase in sales, after adjustment for currency fluctuations. Profit from recurring operations reached €8.3 billion, an increase of 18%. “LVMH achieved another

Baselworld embraces technology to revolutionise news at 2018 edition

Baselworld will use chatbot technology to deliver a continuous stream of news to visitors and followers around the world at this year’s show. “This Chatbot ‘Baselworld Live News’ now allows us to offer more interactive, instantaneous, direct and personalised communication,” says Sylvie Ritter, managing director of Baselworld. “Thanks to this new and highly efficient channel,

Sarah Carpin, director, FACETS PR

CMJ sells FACETS PR agency to Sarah Carpin

The Company of Master Jewellers, a buying group representing around 150 retail jewellers, has transferred ownership of its public relations agency Facets PR to its founder and managing director Sarah Carpin. It is the first significant decision taken by the CMJ’s interim CEO Terry Boot, who took over the role this summer with a brief

Sif Jakobs shutters loss-making subsidiary as it sharpens focus on the UK and Germany

Danish jewellery brand Sif Jakobs is increasing its focus on its most profitable markets and reining back in countries that are delivering lower returns. The UK has been identified as a key growth market, and is expected to benefit from the new approach. Germany is also listed as one of Sif Jakobs’ most successful core

EXCLUSIVE: Aurum CEO accuses jewellers of panic discounting in December

The CEO of Britain’s biggest jewellery and watch company, Aurum Holdings, has criticised jewellers for panicking too early in December and rushing to slash prices. Brian Duffy told Professional Jeweller’s sister publication WatchPro that sales for the whole of Aurum Group rose 20% in December, compared to the same month in 2015, with luxury watch

Retail Jeweller up for sale as parent company offloads 13 magazine brands

Retail Jeweller has been put up for sale by its parent company Ascential plc. The title, which celebrated its 90th anniversary in 2015, is among 13 magazine brands, along with associated digital products and events, that are classified as Heritage Brands by Ascential, and will be quarantined from the accounts of the surviving business in

“The biggest impact on the UK jewellery industry over the past 10 years has been Pandora,” says CMJ chief exec

The Company of Master Jewellers’ chief executive Willie Hamilton has said that Pandora has made a greater impact on CMJ members and the wider British jewellery industry than any other brand or business development in the past 10 years. On the final day at Pandora for Peter Andersen, president, Western Europe, for the brand, Mr