Jewellery/Watches/Clocks/Gold/Silver Store Industry in Arendal: A Comprehensive Analysis

Industry Overview

The jewellery/watches/clocks/gold/silver store industry in Arendal is a small but dynamic sector with 11 registered companies. In recent years, the industry has shown variations in sales and employees, with a significant increase in 2025. The EBITDA margin is at 10%, indicating relatively good profitability. However, there are variations between companies, with some having strong results and others facing challenges, such as Harebakken Gull Og Ur As, which was registered for bankruptcy in 2025.

Sales and Employee Development:

• Sales: The industry had a total sales of NOK 48.5 million in 2025, representing an increase of 19.6% compared to 2024. This growth is one of the most significant in recent years.
• Employees: The number of employees decreased in 2018 but has since stabilized and reached 46 employees in 2026. This shows a gradual adaptation to market conditions.

Financial Indicators:

• EBITDA Margin: The industry has an EBITDA margin of 10%, indicating relatively good profitability.
• Gross Margin: This industry has a high gross margin of 354%, suggesting that the products have high value relative to costs.

Bankruptcy Statistics: One bankruptcy was registered in the industry in 2025, showing that there are challenges for certain companies, but not a broad decline in the industry.

In Arendal, there are 11 companies within the jewellery/watches/clocks/gold/silver store industry. Most of these are AS companies, with a total number of employees of 42. The key companies include:

• Einersen Gull As: Founded in 1993, with 9 employees and an EBITDA of NOK 2.4 million.
• Gullfunn Harebakken As: Founded in 2024, with 6 employees and an EBITDA of NOK 2.5 million.
• Marcussen Ur & Smykker As: Founded in 1987, with 6 employees and an EBITDA of NOK 645,000.

There is also registered an ENK (sole proprietorship), namely Mytrendyaccs V/tobias Isbrand, which has no employees or sales.

Bankruptcy: Harebakken Gull Og Ur As was registered for bankruptcy in 2025, showing that there are challenges for certain companies in the industry.

All companies in the industry are registered in Arendal, with a focus on areas such as Langbryggen, Harebakken, and Vesterveien. There are 6 companies in Arendal, with 42 employees, an operational income of NOK 70.9 million, and sales of NOK 70.6 million. This shows that Arendal is an important city for this industry, with a high concentration of companies and employees.

Important Addresses:

• Langbryggen 1

• Vesterveien 4

• Joåsstien 10
• Grensen 1B

The industry has shown both growth and decline in recent years. One bankruptcy was registered in 2025, showing that there are challenges for certain companies. However, there have also been the start-up of new companies, such as Gavetid As and Gullfunn Harebakken As, which were founded in 2024.

Important Trends:

• Growth: Some companies have shown strong growth, such as Gullfunn Harebakken As, which had a sales increase of 15% in 2025.
• Decline: Other companies, such as Harebakken Gull Og Ur As, have been affected by a decline in sales and EBITDA, leading to bankruptcy.
• Stability: Companies such as Einersen Gull As and Marcussen Ur & Smykker As have shown stable development over time.

Outlook for Founders

For founders considering starting a business within the jewellery/watches/clocks/gold/silver store industry in Arendal, the data show that there are both opportunities and challenges. The industry has shown a significant increase in sales in 2025, indicating a growing demand for products in this sector. The EBITDA margin of 10% shows that there is potential for profitability.

Opportunities:

• Market Conditions: Arendal is an important city for this industry, with a high concentration of companies and employees.
• Growth: There is growth in sales and EBITDA for certain companies, indicating that there are opportunities for new players.

Challenges:

• Bankruptcy: One bankruptcy was registered in the industry in 2025, showing that there are challenges for certain companies.
• Bankruptcy: One bankruptcy was registered in the industry in 2025, showing that there are challenges for certain companies.

Recommendation: Founders should consider focusing on innovation and differentiation to compete in a competitive market area. It may also be profitable to utilize Arendal's tourist-friendly location and cultural conditions.

Comparison with leaf-industry:

• Number of Companies: Ideal organization has 12 companies, while jewellery/watches/clocks/gold/silver store has 11 companies. This shows that ideal organization is a larger sector in Arendal.
• Sales: Sales for ideal organization had an increase of 19.6% in 2025, showing growth in this sector. This is a higher growth than for jewellery/watches/clocks/gold/silver store.
• Employees: The number of employees for ideal organization had an increase of 9.5% in 2025, showing growth in this sector.

Peer Companies:

• Sahin Tcg: This company is part of ideal organization, but not of jewellery/watches/clocks/gold/silver store. It has 0 employees and 0 sales, showing that it is a smaller player in this sector.

Conclusion: Ideal organization is a larger sector in Arendal than jewellery/watches/clocks/gold/silver store, with higher sales and employees. This shows that there are opportunities for growth in this sector, but there are also competitive players that can influence development.

The jewellery/watches/clocks/gold/silver store industry in Arendal is a small but dynamic sector with opportunities for growth and profitability. It is important to be aware of competitive players and challenges such as bankruptcy and sales decline for certain companies. Founders should consider focusing on innovation and differentiation to compete in a competitive market area. It may also be profitable to utilize Arendal's tourist-friendly location and cultural conditions.