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Industry · municipality
Jewellery/Watches/Clocks/Gold/Silver Store in Bergen
An analysis of the industry, companies, and development trends in Bergen municipality to provide entrepreneurs and local decision-makers with a comprehensive view of opportunities and challenges in this sector in Bergen.
Executive Summary
Overview of the Industry
The jewellery/watches/clocks/gold/silver store industry in Bergen is a stable and growth-oriented sector with 69 companies registered in the municipality. In recent years, the industry has shown variations in sales and number of employees, but has generally been on an upward trend, with a significant increase in sales from 2020 to 2021 (+20.2%). There are no reported bankruptcies among the listed companies, indicating a relatively stable industry structure. The industry has high gross profit margins, with an average gross profit margin of 465% in Bergen, demonstrating a good margin structure.
SmartGrunder can help entrepreneurs find suitable addresses in Bergen for this industry, based on data and development trends.
Economic Overview
The industry has shown dynamic development in recent years, with an increase in sales from 2020 to 2021 (+20.2%), followed by a decline in 2025 (-19.6%). The number of employees has also shown variations, with a decline from 2019 to 2020 (-13.1%), but an increase from 2021 to 2022 (+8.3%). There are no reported bankruptcies among the listed companies, indicating a relatively stable industry structure.
Table: Sales and Employees Over Time
| Year | Sales (NOK) | Employees |
|---|---|---|
| 2016 | 220.9M | 354 |
| 2017 | 224.7M | 341 |
| 2018 | 218.3M | 320 |
| 2019 | 217.5M | 268 |
| 2020 | 194.6M | 233 |
| 2021 | 233.8M | 216 |
| 2022 | 263.9M | 234 |
| 2023 | 279.2M | 240 |
| 2024 | 296.7M | 254 |
| 2025 | 238.7M | 247 |
The industry has high gross profit margins, with an average gross profit margin of 465% in Bergen, demonstrating a good margin structure.
Companies in the Industry
There are 16 companies listed in the industry, with a total of 69 companies in the municipality. The most represented company forms are AS, with 32 companies and 266 employees. Enk is also represented, but with only one company and six employees.
Table: Companies in the Industry
| Name | Address | Number of Employees | Sales (NOK) | EBITDA (NOK) | |
|---|---|---|---|---|---|
| Gemma As Avd Hovedkontor | Heiane 2B, Nyborg | 30 | 34.0M | 867.0K | |
| Urm J Gjertsen As | Torgallmenningen 8, Bergen | 17 | 17.3M | -136.0K | |
| Gullfunn Xhibition | Småstrandgaten 3, Bergen | 14 | 43.2M | 3.3M | |
| Feness Ur & Gull Lagunen As | Laguneveien 1, Rådal | 12 | 19.7M | 3.5M | |
| David Andersen As Avd Bergen | Christian Michelsens gate 2B, Bergen | 11 | 13.1M | 1.4M | |
| Frigo Ur Og Gull As | v/ Bjørklund | Småstrandgaten 3, Bergen | 11 | 6.7M | 166.0K |
| Urmaker Bjerke As Bergen | Strandgaten 7, Bergen | 11 | 64.9M | 6.1M | |
| Gullfunn Lagunen | Laguneveien 1, Rådal | 10 | 39.8M | 3.1M | |
| Bergen Ur Og Smykker As | Strømgaten 8, Bergen | 9 | 8.8M | 938.0K | |
| A. Lohne Gullsmedforretning A/s | Torgallmenningen 6, Bergen | 8 | 13.4M | 1.3M | |
| F Lohne As Avd Wesselton | Vestkanten | Loddefjordveien 2, Loddefjord | 8 | 0 | 0 |
| Feness Ur & Gull Horisont As | Myrdalsvegen 2, Nyborg | 8 | 13.3M | 2.6M | |
| Glitter Bergen Storsenter | Strømgaten 8, Bergen | 8 | 4.3M | 233.8K | |
| Juhls Silver Gallery As | Dreggen | Bryggen 39, Bergen | 8 | 6.4M | 1.2M |
| Kleiveland Ur & Gull Øyrane Torg | Øyrane Torg | Ådnavegen 63, Indre Arna | 8 | 4.8M | 451.7K |
| Åsane Klokker Og Smykker As | Åsane Senter 12, Ulset | 8 | 6.5M | 413.0K |
There are no reported bankruptcies among the listed companies, indicating a relatively stable industry structure.
Industry Geography
The industry is distributed across several boroughs and municipalities in Bergen, with the most activity in Bergen itself. There are 14 companies and 122 employees in Bergen, while fewer companies are located in other boroughs such as Nyborg, Rådal, and Ulset. There are no reported bankruptcies among the listed companies, indicating a relatively stable industry structure.
Table: Industry Geography
| Borough | Number of Companies | Number of Employees | Sales (NOK) | EBITDA (NOK) |
|---|---|---|---|---|
| Bergen | 14 | 122 | 191.7M | 16.5M |
| Nyborg | 4 | 45 | 47.6M | 3.1M |
| Rådal | 5 | 39 | 99.4M | 11.0M |
| Ulset | 3 | 21 | 17.1M | 1.3M |
| Loddefjord | 2 | 15 | 19.3M | -98.8K |
| Fyllingsdalen | 2 | 13 | 8.4M | 253.7K |
| Indre Arna | 1 | 8 | 4.8M | 451.7K |
| Blomsterdalen | 1 | 5 | 0 | 0 |
| Nesttun | 1 | 4 | 5.3M | 365.0K |
There are no reported bankruptcies among the listed companies, indicating a relatively stable industry structure.
Industry Dynamics
The industry has shown relatively stable development in recent years, with a significant increase in sales from 2020 to 2021 (+20.2%), followed by a decline in 2025 (-19.6%). The number of employees has also shown variations, with a decline from 2019 to 2020 (-13.1%), but an increase from 2021 to 2022 (+8.3%). There are no reported bankruptcies among the listed companies, indicating a relatively stable industry structure.
Table: Industry Dynamics
| Year | Sales (NOK) | Employees | EBITDA (NOK) |
|---|---|---|---|
| 2016 | 220.9M | 354 | 32.8M |
| 2017 | 224.7M | 341 | 32.8M |
| 2018 | 218.3M | 320 | 32.8M |
| 2019 | 217.5M | 268 | 32.8M |
| 2020 | 194.6M | 233 | 32.8M |
| 2021 | 233.8M | 216 | 32.8M |
| 2022 | 263.9M | 234 | 32.8M |
| 2023 | 279.2M | 240 | 32.8M |
| 2024 | 296.7M | 254 | 32.8M |
| 2025 | 238.7M | 247 | 32.8M |
There are no reported bankruptcies among the listed companies, indicating a relatively stable industry structure.
Outlook for Entrepreneurs
The industry has shown relatively stable development in recent years, with a significant increase in sales from 2020 to 2021 (+20.2%), followed by a decline in 2025 (-19.6%). The number of employees has also shown variations, with a decline from 2019 to 2020 (-13.1%), but an increase from 2021 to 2022 (+8.3%). There are no reported bankruptcies among the listed companies, indicating a relatively stable industry structure.
Table: Outlook for Entrepreneurs
| Year | Sales (NOK) | Employees | EBITDA (NOK) |
|---|---|---|---|
| 2016 | 220.9M | 354 | 32.8M |
| 2017 | 224.7M | 341 | 32.8M |
| 2018 | 218.3M | 320 | 32.8M |
| 2019 | 217.5M | 268 | 32.8M |
| 2020 | 194.6M | 233 | 32.8M |
| 2021 | 233.8M | 216 | 32.8M |
| 2022 | 263.9M | 234 | 32.8M |
| 2023 | 279.2M | 240 | 32.8M |
| 2024 | 296.7M | 254 | 32.8M |
| 2025 | 238.7M | 247 | 32.8M |
There are no reported bankruptcies among the listed companies, indicating a relatively stable industry structure.
Outlook for Non-Profit Organisations
Broader industry2 grouping (non-profit organisation) has 71 companies in Bergen, which is more than the 69 companies in leaf-industry (jewellery/watches/clocks/gold/silver store). There are no reported bankruptcies among the listed companies, indicating a relatively stable industry structure.
Table: Peer companies in non-profit organisations
| Name | Address | Number of Employees | Sales (NOK) | EBITDA (NOK) |
|---|---|---|---|---|
| Fcm Holding As | Ole Irgens' vei 7, 5019 Bergen | 0 | 0 | -34.0K |
| Frimerkehuset As | Ole Irgens' vei 7, 5019 Bergen | 0 | 935.0K | -154.0K |
There are no reported bankruptcies among the listed companies, indicating a relatively stable industry structure.
Other companies in ideell organisasjon (not in jewellery/watches/clocks/gold/silver store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Fcm Holding As | coin / poststamp shop | Ole Irgens' vei 7, 5019 Bergen | NOK 0 | 0 | NOK -34.0K |
| Frimerkehuset As | coin / poststamp shop | Ole Irgens' vei 7, 5019 Bergen | NOK 935.0K | 0 | NOK -154.0K |
Conclusion
The jewellery/watches/clocks/gold/silver store industry in Bergen is a stable and growth-oriented sector with 69 companies registered in the municipality. In recent years, the industry has shown variations in sales and number of employees, but has generally been on an upward trend, with a significant increase in sales from 2020 to 2021 (+20.2%). There are no reported bankruptcies among the listed companies, indicating a relatively stable industry structure.
SmartGrunder can help entrepreneurs find suitable addresses in Bergen for this industry, based on data and development trends.