Retailer tops Sunday Times Virgin Fast Track 100 2012 with 245% growth
The Genuine Gemstone Company hit the top spot in the annual Sunday Times Virgin Fast Track 100 2012.
The company, which has TV shopping channels Gems TV in the UK and Rocks TV in the US as well as retail websites JewelleryMaker.com and Gemcollector.com, won the number one ranking for achieving an annual sales increase of more than 245%.
The Genuine Gemstone Company has grown its turnover significantly over the past few years. In 2009 it registered a turnover of £1.3 million and this year it has registered a turnover of £54.5 million.
Other companies in the top 10 were Spabreaks.com, mobile phone business Mobile Account Solutions, financial services provider AES International, renewable energy products supplier Solfex, gastro pub chain Drake & Morgan, restaurant Jamie’s Italian, wind turbine manufacturer Gaia Wind, Apple products reseller Stormfornt and contact lens retailer Lenstore.co.uk.
The Genuine Gemstone Company was co-founded by managing director Steve Bennett, head of design Sarah Bennett and operations director John Bennett. The company specialises in selling loose gemstones and genuine gemstone jewellery direct to consumers at competitive prices through online and TV channels.