Turnover up 46% in year to date as office handles 95,000 invoices.
The Company of Master Jewellers has seen its turnover increase by 46% in the year-to-date, with its offices handling over 95,000 invoices.
According to details presented by chief executive officer Willie Hamilton, sales of watches are up 23% across the Group, bridal sales are up 21%, giftware is up 10% and branded jewellery is also up by 16%. All of these figures exclude sales of Pandora.
Sales of services through the Group are also up by 26%.
During a speech at the Company of Master Jewellers’ spring buying event in February, Hamilton also predicted turnover of £150m (including Pandora) across the group by the end of 2015.
Turning to suppliers, Hamilton reported that Clogau is performing well, with sales up 36% this year. Similarly, Hot Diamonds is up 54%, Brown & Newirth has risen by 23% and Bering is up 36%.
Stubbs & Co, Guess, and Seiko also saw increases of more than 30%.
Designer brands are also performing well, with sales at Shaun Leane up 36% and Fei Liu up 100%.
82% of CMJ members attended its spring trade event at Birmingham’s Hilton Metropole Hotel, including new members Kingshill Jewellers in St Albans, Victoria Highfield Jewellers in Stockport and Didsbury and Paul Harrison Jewellers.
New suppliers at the event included Clark Diamonds, Lola & Grace, Neilson Photography, V12 Finance, Weaston Beamor, World Shiner diamonds and Zircontime with Espirit, Givenchy and Puma watches.