20 Mar SHOP TALK with Knight Jewellers
The view of Brexit by Knight Jewellers.
2016 was a challenging year for sales and in the run up to the Brexit vote, sales were very subdued. However, the day after the voting had been concluded and the announcement to leave Europe had been made, we saw an immediate and positive increase in sales. This followed through to the end of the year where Christmas sales were our best ever.
A direct impact that Brexit has caused on the jewellery industry, is the fall in the pound against the dollar, which in turn has pushed the price of diamonds and gold up. In the short term, we are trying to absorb this within our business, however, if the dollar remains strong against the pound, price increases may have to follow.
2017 has so far been strong and I am very optimistic for a good year ahead.VISIT KNIGHT JEWELLERS