CMJ announces record turnover for 2010

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Buying group suggests new brands and retailers have increased sales

The Company of Master Jewellers has reported record breaking sales, the highest in the company’s 30 year history.

The buying group, whose members include Pandora, Clogau Gold and Hot Diamonds, reported a turnover exceeding the 2009-10 fiscal year by more than 30 percent.

CMJ chief executive Willie Hamilton suggests rising membership numbers and the arrival of new brands and retailers has helped increase sales. He said: “This strong growth in a time of recession shows the strength of our individual retail members and is also a reflection on our increasing membership. I have worked with my colleague CMJ executive Sarah Carpin to bring trend-setting brands and designers to work in close partnership with our retailers, and this strategy is proving to be a very successful one."

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The CMJ has taken on several new brands in the past year, including high-end jewellery designer Gurhan and quirky semi-precious designer Alexis Dove. New watch brands include Technomarine and Skagen.

 

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