“The pandemic, inflation, and the economic slowdown” have caused the closure of ethical jewellery business Ingle & Rhode.
Incorporated in 2007, Ingle & Rhode traded both online and via a premises near London’s Oxford Street.
The business has reported successful trading for a number of years, however, directors concluded that operations should cease effective 17 January.
Operating on behalf of Ingle & Rhode, Nick O’Reilly and Kyra Harford of MHA are preparing the company for liquidation, which is expected to occur on 7 February 2024.
In a public statement, the directors of Ingle & Rhode explained: “It is with the heaviest of hearts that we took the decision that Ingle & Rhode should cease to trade.
“This decision was not made lightly, and we explored every avenue to try to keep the business going.
“However, in the end, the combined effects of the pandemic, inflation, and the economic slowdown have proved too much despite our best efforts.
“First and foremost, we are deeply saddened for our staff, customers, suppliers, and investors, all of whom have given us such fantastic support over many years.
“Nonetheless, we can all be proud of what we achieved together, including being one the first jewellers in the world to offer certified Fairtrade gold, and one of the first jewellers to become a BCorp.
“Together we created a pioneering ethical fine jewellery brand that accelerated the adoption of ethical sourcing across the industry.”
