CMJ members predict sales will increase next year

Stephen-Hughes.jpg

UK Jewellery Conference delegates expect to rise above economic gloom.

Delegates at first UK Jewellery Conference held by The Company of Master Jewellers revealed considerable optimism about their prospects for the year ahead, even though they have little confidence in the overall UK economy.

In a spot poll of the 150 delegates attending the conference, two thirds said they expected their business to grow next year, and only 2% thought it would decline.

This contrasted starkly with their view of the broader economic climate. Asked what direction they thought the UK economy would head next year, only one third said it would rise and almost half said it would stagnate.

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The CMJ said that around 80% of delegates were retailers, and 20% were suppliers.

The optimism in the conference hall was broadly in line with the thoughts of CMJ chairman Stephen Hughes, who said that members’ business was solid this year. “September was pretty hard – like running through treacle – but the rest of the year has been pretty good,” he qualified.

 

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