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WATCHES
Reservoir watches to be stocked on Farfetch
Following the launch of its Hydrosphere diving watch, Reservoir watches has
continued its “strong rollout” in the UK with a recent launch onto global luxury
retail platform, Farfetch.com.
Reservoir watches are distributed in the UK and Ireland by the Verigroup which is run
by founder and managing director, Neil Duckworth.
Commenting on the news Duckworth said: “Farfetch is a great move for the brand
reaching a whole new demographic and providing the brand with a really positive
endorsement. For the UK and Ireland, our focus is the retail jewellery market which is,
and always will be, the most important sales avenue for Reservoir.”
WATCHES
Raymond Weil launches new watches for
Beaverbook’s 100th birthday
The timepieces will not be sold anywhere else in the UK and the quantity is limited
on a first come, first served basis
Swiss watchmaker, Raymond Weil, has announced two exclusive, limited edition
Tango timepieces in celebration of Beaverbrook’s 100th birthday this year.
As the first luxury Swiss watch brand to be sold at the jewellery store, Raymond
Weil said it is “proud” to be part of Beaverbrook’s “horological DNA” and enjoy a
strong history with the brand.
RESULTS
Pandora posts ‘weak’ Q1 results
Jewellery retailer Pandora has reported “weak” financial results for the first
quarter of 2019, impacted by the commercial reset initiated as part of its
‘Programme NOW’.
Total like-for-like sales-out growth (like-for-like) was -10%, driven by lower traffic
in physical stores, and online like-for-like sales was 7%. Organic growth ended
at -12% reflecting the decrease of wholesalers’ inventory partly driven by the
reduced sell-in packages.
EVENTS
Sheffield jeweller to exhibit at new
jewellery and silversmithing fair
Sheffield jeweller Jennie Gill has been announced as one of the 60 independent
makers from all over the UK who will exhibit at the inaugural Goldsmiths North
international summer selling fair at the Cutlers’ Hall from 12 to 14 July.
Whitby-born Gill will be showcasing her handmade jewellery that is characterised
by a “modern spin” on traditional methods and materials, including hand cut, natural
diamonds and Whitby jet.
JUNE 2019 | WWW.JEWELLERYFOCUS.CO.UK
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