Jewellery/Watches/Clocks/Gold/Silver Store in Bamble

The jewellery/watches/clocks/gold/silver store industry in Bamble is a small but active sector with two registered companies. The dominant player is Brotorvet Ur Og Smykker As, which operates in Stathelle and has 7 employees. The industry has been marked by variations in sales and operating results over time, with a negative EBITDA margin of -5% in 2024. Although there are no registered bankruptcies in the sector, Brotorvet's figures indicate a weak operating result and high debt (NOK 4.3M). However, there has been stabilisation in the number of employees since 2022, which may suggest a degree of predictability in the sector.

Sales for the industry have been uneven in recent years. From NOK 5.3M in 2016, sales fell to NOK 4.1M in 2017 before gradually rising to NOK 5.3M in 2024. The most significant increase was recorded between 2021 and 2022 (+10.8%). The number of employees, however, has been more volatile, with a decline from 14 in 2016 to 6 in 2021, followed by stabilisation at 6 employees in 2022–2024. In 2025, the number increased to 8 employees, which may indicate the start or expansion of an activity in the sector.

Two companies are registered in the industry in Bamble:

1. Brotorvet Ur Og Smykker As (Stathelle) – AS organisational form, 7 employees, operating income NOK 5.2M, but with a negative operating result of NOK -442,000 and EBITDA of NOK -291,000 in 2024.
2. Gemma As Avd Stathelle – AS organisational form, 0 employees, no operating result or sales in 2024.

The AS organisational form is the only one registered in the sector, with one company in this category. Brotorvet is the only company with operational activity, while Gemma has no operating results.

All activities in the industry are concentrated in Stathelle, where one company (Brotorvet Ur Og Smykker As) is registered with 7 employees. Financial data for this company shows an operating margin of -8% and an EBITDA margin of -5% in 2024. Although sales have increased since 2021, the operating result remains negative, and the company has a debt of NOK 4.3M. No activities are registered in other parts of Bamble.

There are no registered bankruptcies in the industry in Bamble. Both companies (Brotorvet and Gemma) are not bankrupt, but Brotorvet has a weak financial position with a negative operating result and high debt. The number of employees has been uneven over time, with a decline from 14 in 2016 to 6 in 2021, followed by stabilisation. Sales have shown a gradual increase since 2021, but with variations from year to year.

For entrepreneurs considering establishing themselves in this industry in Bamble, the data show a stable, but slowly growing sector. There are opportunities to utilise existing infrastructure in Stathelle, where there is an existing customer base that can be developed. At the same time, it is important to be aware of the financial challenges, as shown by Brotorvet with negative EBITDA and high debt. An improvement in the operating result and an increase in sales can provide better predictability. SmartGrunder can help find suitable locations in Bamble that have potential for this industry.

The jewellery/watches/clocks/gold/silver store industry in Bamble is small, but with a degree of stability in the number of employees and a gradual increase in sales since 2021. There are opportunities to develop existing companies or establish new ones with a focus on efficiency and customer adaptation. At the same time, it is important to be aware of the financial challenges shown in the data. A strategic approach to the operating result and debt can provide better predictability in the future.