Barry Jacobs confirms that Hatton Garden stalwart has gone bust.
Jacobs Jewellery Design (JJD) has gone into liquidation.
Barry Jacobs, the company’s owner, confirmed the news to Professional Jeweller in a brief statement. “JJD has stopped trading as we were insolvent,” he said.
JJD specialised in creating hand-made, one-off jewellery designs in platinum and 18 carat gold at its workshop in Hatton Garden, London’s jewellery quarter.
The family business can trace its history back to the end World War II when Barry Jacob’s grandfather started a sweet stall in Leather Lane, which runs parallel to Hatton Garden. His father later entered the jewellery business by training as a diamond mounter.
Barry Jacobs also trained as a mounter, beginning his first apprenticeship at the age of 16. “Jewellery and diamonds was always in my blood and the conversation over the family dinner table was always diamond talk,” he recalled in an interview for the Professional Jeweller Hot 100, a list he earned a place on last year thanks to his efforts promoting Hatton Garden during London Jewellery Week.
JJD was also short listed for Supplier of the Year in the UK Jewellery Awards last year.
No information has been released regarding JJD staff, its assets or its creditors following the liquidation.