INDUSTRY NEWS
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Haton Garden raid: Woman claims to be missing £7m in gold
A woman has come forward after realising she is missing £7m of gold following the Hatton Garden heist in April 2015. The woman, who claims one of her
safety deposit boxes was stolen during the raid, only realised it was missing after the trial of the gang last year, according to Sky News. The claim, which Sky News said is
being treated seriously by police, would increase the total stolen during the raid to £21m. The heist took place over the Easter bank holiday weekend in April 2015 when the gang ransacked 73 safe deposit boxes after using a drill to bore a hole in the vault wall, taking various items of jewellery, diamonds, gems and precious metals. Seven men were convicted in March
last year for a combined 34 years in prison for the raid at Hatton Garden Safe Deposit, which has since gone into liquidation.
QUOTE OF THE MONTH
“[An] ornate work of art, laced with images depicting the speed, agility and excitement of jump racing, and decorated with a red stone”
Shannon O’Neill, the Irish
silversemith creator of the new Grand National Trophy, from
workshops in Burghley House in Stamford
February 2017 |
jewelleryfocus.co.uk Art Deco (1920s and 1930s) and Belle
Epoque jewellery (1890 to 1915) pieces have soared by a 88% since 2006, according to Art Market Research, while antique jewellery and jewellery from the post-war era (1945-1975) have risen by 68% and 70%, respectively. Despite the rises, auction house
Bonhams claims Britons are sitting on millions of pounds worth of designer jewellery because they do not know exactly what it is worth. Bonhams said many people do not
realise how valuable their jewellery is because the hallmarks, signatures or initials of its creators are unnoticed or unrecognised. Jean Ghika, head of jewellery for UK
and Europe at Bonhams, said: “People tend to think designer pieces of jewellery are very obviously branded by their creators, but that’s not always the case. The identifying marks of many leading designers can be incredibly subtle”.
AUCTIONS
Period jewellery soars 80% in value over past
decade Period and designer jewellery has grown more in value than the housing market, according to new figures from the Office for National Statistics (ONS). The research revealed the most rare and sought-after pieces of vintage jewellery have soared in value by more than 80% during the past 10 years. It compared this with house prices in England, which have risen in value by just 47% over the same period.
Hallmarking in December
FELL 15.7%
to 781,200 items (compared with the previous December)
FESTIVE SALES
Last-minute Christmas rush boosts retail sales in
December UK retail sales continued to grow in December after consumers left their shopping until the final week before Christmas. The latest British Retail Consortium
(BRC) and KPMG Retail Sales Monitor found UK retail sales increased 1% on a like-for-like basis from December 2015, when they had increased 0.1% from the preceding year. On a total basis, sales were up 1.7%
against a 1% increase in December 2015. This was in line with the three- month average of 1.8%, but faster than the 12-month average of 1.2%. Over the three-months to December,
non-food retail sales in the UK rose 1.1% on a like-for-like basis and 1.3% on a total basis. However, the jewellery and watch
category fell in the ranking to the seventh best performing sector, after averaging first - out of 12 - for the past three months. This is compared with the same month last year when it was the fourth best performing category. Helen Dickinson, chief executive of
the BRC, said: “December is the most important trading period of the year and with sales across 2016 growing more slowly than the previous year, it was all to play for in the final month”.
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