Solomon Brothers expands into Washington with Mervis acquisition

Solomon Brothers Jewelers has made a significant move into the Washington, DC area by acquiring Mervis Diamond Importers, a prominent local retailer known for its customer relationships and rich legacy. Finalised on 26 October 2026, the deal allows Mervis to retain its branding and team, ensuring continuity for its loyal clientele. The acquisition aims to enrich Mervis’ operational capabilities while preserving its unique identity, as founders Ronnie and Zed Mervis remain actively involved. Solomon Brothers’ strategy seeks to maintain local legacies amidst the challenges faced by independent jewelers, marking a broader initiative to strengthen community ties in the evolving jewellery market.

Rolex’s expansion raises concerns for independent retailers

Rolex has reassured its independent retail partners that its acquisition of Bucherer will not jeopardise their interests, a sentiment echoed by CEO Jean-Frédéric Dufour at Dubai Watch Week. Despite this commitment, the luxury watchmaker’s aggressive expansion—evidenced by plans to open seven new Bucherer boutiques by 2026—has ignited concerns among smaller retailers. As Rolex aims to bolster its global boutique presence, the independent sector faces a challenging competitive landscape, prompting some partners to enhance their own operations in response.

Beaverbrooks invests £1.4 million to expand Lakeside store ahead of reopening

Beaverbrooks is set to unveil its revamped Lakeside store, following a £1.4 million investment, making it the company’s most significant commitment this year. The store will reopen on 4 November 2026, boasting a remarkable 144% increase in size to an impressive 2,628 square feet. To celebrate, a spin the wheel event from 6 to 8 November will offer shoppers the chance to win over £2,500 in prizes. The upgrade includes a dedicated area for TAG Heuer, reinforcing Beaverbrooks’ commitment to luxury retail and enhancing the customer experience as it marks over three decades in the Lakeside community.