‘ Staggering ’ amount of retail professionals lie on their CVs
Gold demand in 2018 gets off to quiet start as investment slows
London Diamond Bourse announces ‘ revitalised ’ management board
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RETAILERS
‘ Staggering ’ amount of retail professionals lie on their CVs
Almost 90 % of retail professionals have got away with lying on their CV , despite 90.9 % knowing that it is wrong to do so .
Independent job board CV-Library asked 1,000 UK workers if they have ever considered lying on their CV , or to a potential employer , in order to secure a job . When asked why they think professionals lie , respondents cited the following : n To look more experienced ( 65.2 %) n To obtain a higher salary ( 53 %) n To look more qualified ( 51.5 %) n To look more skilled ( 37.9 %) n To obtain a more senior role ( 25.8 %)
However , 70.8 % said that they would worry that they would get fired if their new employer found out that they had lied on their CV , with an extra 86.4 % stating that they would be worried about being given a job they didn ’ t know how to do . Once in the role , 83.3 % would be concerned that they would struggle to do the job as a result of their lie .
Lee Biggins , founder and managing director of CV-Library , said : “ It ’ s clear from our findings that retail professionals are not afraid to tell white lies on their CV in order to get a job . For employers , this means recruitment teams need to become more vigilant when it comes to vetting and assessing potential hires . “ So whether that ’ s asking for references from previous roles , or ensuring you ask the right interview questions to get the most out of your candidates , it ’ s important that you consider whether someone may be trying to pull the wool over your eyes .”
He added : “ Bringing on board someone that can ’ t do the job is going to be a waste of time for everyone involved . However , there will be cases where someone just isn ’ t right for the business once they join . In order to ensure that you hire the right people , be careful to only shortlist candidates that appear to match all the required criteria for the job .”
GOLD
Gold demand in 2018 gets off to quiet start as investment slows
Gold demand had a soft start to 2018 , reaching 973 tonnes ( t ), the lowest first quarter since 2008 , according to the World Gold Council Q1 2018 trends report .
This was largely caused by a fall in investment demand for gold bars and gold-backed exchange-traded funds ( ETFs ), as a subdued gold price environment hampered demand .
Global jewellery demand was roughly flat at 488t , down 1 % on Q1 2017 . Demand in China was buoyed by holiday demand , and US demand continued to improve in response to the supportive economic backdrop .
China , Germany and the US drove weakness in bar and coin investment : global demand was down 15 % to 254.9t . The range-bound gold price undermined investor interest in these markets , although China ’ s weakness was partly due to exceptional strength in Q1 2017 .
ETFs saw their fifth consecutive quarter of inflows . Holdings grew by 32t , due solely to growth in North America . Investment in the first quarter was mixed , with rising interest rates on the one hand , and a sharp spike in stock market volatility on the other . As gold prices were relatively subdued , many investors lacked a clear signal .
BITESIZE ROUNDUP
The British Hallmarking Council has announced that all hallmarks struck overseas by UK assay offices will now be distinguished by way of a special mark . Discussions are now taking place with assay offices as to what form that mark should take , and once agreed it will be implemented within one year . In other news $ 17bn (£ 12.7bn ) of emeralds , gold and silver were found in a shipwreck off the coast of Columbia . Finally , a recent report has revealed global consumer demand for diamond jewellery hit a new all-time high in 2017 , climbing to US $ 82bn (£ 60.7bn ).
APPOINTMENTS
London Diamond Bourse announces ‘ revitalised ’ management board
Diamond trading association London Diamond Bourse has appointmented new staff to its council of management and its executive committee .
The council of management appointments include :
Katherine Chappell - Chappell has worked in the gemstone business for over 20 years . She emigrated to Canada as a child in 1965 , settling in the gold mining town of Red Lake , northwest Ontario and later in the diamond province of Guyana and then in South Africa , returning to the UK in 1974 .
Charles Silverton - Silverton has worked in his long-established family wholesale jewellery business for almost 10 years and has specialises in the sorting and grading of polished diamonds in all shapes and sizes .
David Troostwyk - Troostwyk began his career in Antwerp working for several Sightholders and then going on to establish the first online electronic diamond exchange . He returned to the UK in 2011 to set up a diamond trading company and in the same year joined the London Diamond Bourse and the WFDB ’ s Young Diamantaires Group .
Alan Cohen has been appointed as president and Daniel Seller is the newly appointed vice president , having served previously as executive officer to the board . Trevor Sigsworth has been appointed as the new executive officer . Victoria McKay , COO , said : “ The following changes are notable ; Kathy Chappell , our special advisor for ethical issues has been welcomed to a full board position and our youngest board member is a millennial . Overall the average age of our board has lowered dramatically and representation around the boardroom table is proportionate to membership statistics .”
END : THAT ’ S ALL . YOU ARE NOW UP TO DATE
June 2018 | jewelleryfocus . co . uk JEWELLERY FOCUS 15