Author: Abidemi Fadekemi

With her finger firmly on the pulse of the jewellery trade both within the UK and further afield, Abidemi ensures JM’s readers are first to hear what’s happening in our industry

Anthony Nicholas Limited, the parent company of the Irish jewellery group Fields and UK-based Fraser Hart, has reported a notable decline in both profits and sales for the financial year ending June 25, 2023. The company’s profits fell sharply from over £2.4 million to £93,000, with sales decreasing by more than £4 million to £60.3 million. This downturn is largely due to the impact of inflation on consumer spending in the UK. Financial Analysis and Strategic Adjustments Overview of Financial Results The financial results demonstrate the challenging conditions brought about by inflation, with the company’s directors acknowledging the difficulties faced…

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