
F.Hinds chairman Andrew Hinds says the 170-year-old family jeweller is betting on people over AI, even as soaring gold prices and supply chain strains reshape the trade.
Andrew Hinds, chairman of the family-run jeweller F.Hinds, said the company is betting on human relationships over artificial intelligence as it marks its 170th anniversary. The business faces soaring gold prices and shifting supply chains. Hinds argued that the high street's future still depends on personal connections.
"170 years on, we're betting on people, not algorithms," Hinds said in an interview marking the milestone. The jeweller, which started in 1855, now operates shops across the UK. Hinds pointed to the recent surge in gold prices as one of the biggest forces reshaping the jewellery trade. Higher bullion costs raise the price of finished pieces, affecting both margins and consumer demand.
Supply chain strains are another factor Hinds highlighted. Sourcing raw materials has become more complex, he said, though he did not provide specific details. The broader industry has grappled with longer lead times and higher logistics costs since the pandemic. Hinds suggested that relationships with suppliers matter more than ever.
Hinds also pushed back against the idea that automation or algorithms will replace the in-store experience. He described the consultation and trust built between jewellers and customers as something that cannot be coded. The chairman acknowledged that AI tools can help with inventory or marketing. He said they cannot replicate the judgment of a skilled salesperson.
F.Hinds is not alone in navigating these tensions. Many traditional retailers are investing in digital channels while trying to preserve service quality. The jewellery sector, which relies heavily on trust and personalised advice, may have more at stake than other categories. Gold demand from jewellery accounts for a significant share of the global market. How family chains adapt matters beyond the high street.
Hinds did not disclose revenue or profit figures. The company remains private. He said the family's long-term view is what keeps the business independent. The chairman expressed confidence that the people-first approach will carry F.Hinds through another cycle of disruption, even as gold prices remain elevated and technology advances.
The F.Hinds story is also a reminder that the commodity chain – from mine to display case – depends on human relationships as much as price signals. Gold may trade on exchanges. The final sale often comes down to a conversation across a counter.
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