RapNet


Rapaport News

 

Manufacturing

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

London Bourse Reaches Out to Jewelry Workshops

Jul 31, 2016 7:35 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
The London Diamond Bourse (LDB) launched a new membership category that enables workshop owners to maintain a presence in the city’s diamond district after soaring rents have forced them to leave.

The LDB is offering mounters, setters and polishers space in the bourse to meet customers and letting them use the exchange’s postal address.

Rents in London’s Hatton Garden have doubled to $93 (GBP 70) per square foot in the last year three years, according to a Reuters report June 21 that cited commercial property agency Richard Susskind & Company.

“We know that many mounters, setters and polishers in Hatton Garden are, or are under threat of, relocating away from the area,” said Victoria McKay, the LDB’s chief operating officer. “This is because they are being served notice or finding their rents being pushed to unaffordable highs. This pressure from the property market presents problems as it could lead to the London trade becoming fragmented.”

LDB does not have the facilities to accommodate the actual workshops, McKay added.
Tags: finance, hatton garden, LDB, london, London Diamond Bourse, Rapaport News, rent, u.k., Victoria McKay
Similar Articles
Alrosa KristallAlrosa to Restructure Manufacturing Business
Dec 17, 2019
Alrosa’s supervisory board has approved a three-yearstrategy for its cutting-and-polishing...
Zvi Yehuda: The Industry’s Idea Man
Rough Slowdown Weighs on Asian Star
KGK Opens Angola Cutting Factory
Dubai Conference Tech PanelDiamond Manufacturers Must Brace for Automation
Oct 31, 2019
Imagine the following: A diamond-mining company operating with self-driving trucks...
Sarine Anticipates Return to Profitability
Synova Launches Automated Cutter



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us