Hamilton and Inches posts record sales

Scottish jeweller Hamilton and Inches has announced record sales of £11.3m, an increase of 16%, for the year ended 25 March 2023.

It attributed this success to its continued focus on “elegant design and timeless craftsmanship”.

The company also posted a pre-tax profit of £1.3m, slightly lower than the £1.4m it posted the previous year.

Alongside this, the company’s gross margin remained stable at 37% while its overheads increased to £3.5m, up from £2.8m.

CEO Victoria Houghton said: “In particular, we are delighted to see outstanding growth across the fine jewellery, silverware, and watch categories along with strong watch service and repair sales driven by our status as a Rolex Accredited Service Centre.”