by Andrew Wilson | Dec 4, 2024 | Market Insights
Vashi Jewellery, a British luxury jewellery retailer established in 2007, experienced a dramatic collapse in April 2023 amid revelations of severe financial mismanagement and asset discrepancies. The company, which had reported £100 million in sales by 2021, was found... 
by Andrew Wilson | Dec 3, 2024 | Jewellery News
Watches of Switzerland, the luxury timepiece retailer, has revised its revenue forecast downward from £1.65 billion to £1.55 billion, reflecting the turbulent winds sweeping through high-end retail markets. The company’s growth projection has dwindled from an... 
by Andrew Wilson | Dec 3, 2024 | Market Insights
Malabar Gold & Diamonds has greatly expanded its UK presence with a new 2,000-square-foot showroom on Leicester’s Golden Mile, following its successful London flagship store. The Leicester location showcases over 20,000 jewellery designs, featuring dedicated... 
by Andrew Wilson | Dec 3, 2024 | Market Insights
De Beers has announced a 15% reduction in diamond prices amid significant market challenges, including decreased natural diamond production and a slump in luxury spending due to economic instability. Factors such as inflation, a weakened Chinese market, and supply... 
by Andrew Wilson | Dec 3, 2024 | Market Insights
De Beers has made significant strategic adjustments by implementing a price reduction exceeding 10% across its diamond portfolio, signaling an end to its long-held price floor strategy. This response comes amid weak demand, inflation pressures, and the rising...
