Month: December 2025

Hancocks London has unveiled its inaugural Jewel of the Month for 2026, spotlighting a mesmerizing pair of Georgian earrings from around 1830. Crafted with exquisite old-cut pear-shaped diamonds, these earrings boast a remarkable versatility, featuring three distinct configurations for various occasions. Priced at £95,000, they exemplify the elegance and adaptability prevalent in Georgian jewellery, as highlighted by creative director Amy Burton, who noted their unique three-way design—allowing transition from day to evening wear with effortless style.

Rolex and Tudor are poised to implement price increases in the new year, with gold watch prices projected to rise by 20% compared to late 2024. This comes amid a backdrop of a stabilizing market as tariff disputes affecting Swiss watch imports to the US are resolved. While the Swiss watch industry faces increasing competition from Japan, fine jewelry retailers are benefitting from heightened demand for gold. Additionally, Rolex’s Certified Pre-Owned program now represents a significant share of the second-hand market, demonstrating the brand’s adaptive strategies amidst evolving consumer preferences. The upcoming year promises a recalibration of pricing and operational strategies as luxury watchmakers aim to navigate a complex landscape.

In a dynamic showcase of the watch industry’s future, WatchPro and Kalory Studios have unveiled their collaborative highlights for 2025, featuring an array of timepieces that range from the opulent to the attainable. This year’s innovative photo shoots capture the essence of both summer festivals and urban living, with featured models including the stunning Jaeger-LeCoultre Master Ultra Thin Perpetual Calendar and the celebratory Audemars Piguet Royal Oak. As craftsmanship intertwines with modern design, the collection celebrates the rich heritage of horology while embracing contemporary trends.

As rising tariff uncertainties and inflation reshape the watchmaking landscape, independent microbrands are capturing consumer attention, challenging the traditional dominance of Swiss luxury timepieces. A notable shift towards local craftsmanship and authenticity is emerging, as brands like 1977 and Pequignet leverage social media to engage with enthusiasts. As Swiss watches become increasingly costly, the allure of “Swiss Made” diminishes, paving the way for a diverse array of innovative European watchmakers to gain prominence in the global market.

Watches of Switzerland has launched a structured philanthropic foundation focused on youth and education, raising £8.5 million to support disadvantaged young people. CEO Brian Duffy emphasized the importance of strategic partnerships and data-driven initiatives that ensure tangible social impact. The foundation’s efforts, recognized with the King’s Trust Individual Impact Award, highlight a commitment to long-term community engagement and the transformative power of business-led philanthropy. Duffy advocates for a corporate culture where charitable giving is integral, underscoring the potential for real change through dedicated partnerships.

Concerns mount over the retail sector’s silence in the upcoming New Year Honours List, particularly regarding the jewellery and watch industries. While business rate relief has dramatically diminished, and VAT rebates for foreign visitors remain scrapped post-Brexit, the sector continues to flourish with an estimated value of £8.1 billion. As notable figures like Brian Duffy and Harry Brown lead successful enterprises, a campaign is underway to ensure their contributions are finally acknowledged in future honours. Despite significant challenges, the resilience and philanthropic efforts of British jewellers underscore their vital role in the economy.

MadaLuxe Group has acquired a majority stake in renowned New York fine jewellery brand Ippolita, known for its sculptural designs and hand-hammered precious metals. This acquisition underscores the strategic emphasis on long-term growth potential, with plans to leverage MadaLuxe’s extensive global distribution network. Despite the transition, Ippolita’s founder, Ippolita Rostagno, will maintain her creative vision, ensuring the brand’s artistic heritage is preserved while aiming for broader market reach.

The luxury watch industry faces a challenging end to 2025 as retailers offer deep discounts to clear excess inventory. Notable brands such as Hublot, Breitling, and TAG Heuer are slashing prices by 25% or more, with significant reductions also seen at retailers like Watches of Switzerland and Goldsmiths. The sale season presents a rare opportunity for enthusiasts to secure high-end pieces, including the Hublot Big Bang and the Jaeger-LeCoultre Reverso, at reduced prices. As the market shifts, consumers are encouraged to take advantage of these substantial offers before new models arrive in the new year.

As 2025 draws to a close, the watch industry navigates a landscape reshaped by significant tariffs and evolving consumer preferences. The imposition of a 31% tariff on Swiss imports has led to rising luxury watch prices and intensified focus among consumers on a handful of dominant brands, particularly Rolex and Patek Philippe. Yet, amidst this challenge, independents and microbrands are carving out a niche, with increasing consumer interest in creativity and innovation. With the US remaining the top market for Swiss exports, retailers are adapting to maintain sales momentum while facing fierce competition and changing dynamics. As watchmakers strive to connect with an informed clientele, the industry faces a pivotal moment of transformation.

Hugh Rice Jewellers has appointed Hannah Hirst as its new retail director, elevating her from her previous role as procurement manager. With over eight years at the family-run jeweller and a background in management at Topshop and Topman, Hirst’s promotion is aimed at bolstering the company’s leadership and supporting long-term growth. Her extensive experience and strong supplier connections are expected to enhance both operations and customer experience, reflecting the company’s commitment to strategic development.