BAJ Digest: Your weekly jewellery news roundup – 12th Nov

BAJ Digest: Your weekly jewellery news roundup – 12th Nov

Here at the British Academy of Jewellery we like to stay up to date with what’s happening in the jewellery and design world. Welcome to the next instalment of our BAJ Digest – a weekly series dedicated to keeping you up to date with the latest news.

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Fellows hits £1m at Birmingham jewellery sale

The importance of the jewellery department at Birmingham-based auction house Fellows continues to grow after it held its most valuable sale to date. Last week, the auctioneer sold £1 million-worth of jewels in a single sitting. The highlight of the sale was a 13.86ct emerald-cut diamond ring that sold for £255,000.

View the full article at Antiques Trade Gazette

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Ethical jewellery brand takes transparency to the next level

Anuka Jewellery, which sources its ethically mined precious metals through the Fairmined scheme, has just signed up to another ethical initiative by becoming the first jewellery brand to work with consumer trust platform Provenance. This means that its shoppers can now use Provenance’s technology to track every jewel sold on its site right back to the mine.

View the full article at Professional Jeweller

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Online jewellery seller Fenton & Co. raises £850,000 seed

A new jewellery brand set up by serial entrepreneur Laura Lambert has attracted interest from investors, who were impressed by its focus on transparent sourcing coupled with low pricing. Fenton & Co claims that it can sell a 2ct diamond solitaire, which would normally sell for £18,000, for £5,000 without going down any murky supply routes.

View the full article at UKTN

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Jewellery giant launches ‘forceful’ programme in bid to ‘re-set business’

High street jewellery brand Pandora has struggled of late as its once seemingly unbreakable grip on the market has loosened. In a bid to win back some of the sales it has lost, the management team has carried out a health check on the business and has come up with an aggressive plan that includes reducing costs and working capital.

View the full article at Professional Jeweller

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Cruise ship revival opens new channels for onboard retail

The number of people taking holidays on cruise ships has increased by more than a quarter in the past five years. As ships get more sophisticated and the passengers get younger, on-board jewellery stores are shifting tack. An increasingly luxe selection of brands are competing with the discounting of port store by creating memorable, glittering experiences.

View the full article at The Financial Times

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