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

The jewellery/watches/clocks/gold/silver store industry in Bodø has shown clear growth in recent years, with increases in both sales and number of employees. In 2025, the industry achieved a sales growth of 26.3% compared to 2024, and the number of employees increased from 48 to 65 during the same period. EBITDA margins range between 8-14%, indicating good financial health among the most active companies. The industry is dominated by AS-organisations, with 6 companies collectively employing 63 people and generating combined operating revenue of 76.1 million NOK. There are also new companies, such as Gullfunn City Nord (founded 2024) and Be Hagane Gems (founded 2026), demonstrating that the industry remains dynamic.

The industry has experienced variations in sales and number of employees over time. Sales increased by 6.9% from 2016 to 2017, reaching a peak of 52.2 million NOK in 2025. The number of employees has grown from 44 in 2016 to 65 in 2026, representing a 48% increase over this period. The most significant employee growth occurred between 2024 and 2025, with an increase of 29.2%. EBITDA margins have ranged between 5% and 14%, with Presis Ur & Gull As being one of the most efficient companies with an EBITDA margin of 14%.

There are 12 registered companies in this industry in Bodø. The key companies include:

• Glitter City Nord Bodø (AS, founded 2016, 18 employees, sales of 8.5 million NOK)
• Gullfunn City Nord (AS, founded 2024, 10 employees, sales of 29.8 million NOK)
• Opal Gullsmedforretning As (AS, founded 1966, 10 employees, sales of 9.8 million NOK)
• Presis Ur & Gull As (AS, founded 1994, 9 employees, sales of 14.0 million NOK)
• Glasshuset Ur & Gull As (AS, founded 1995, 8 employees, sales of 6.6 million NOK)

Several companies with ENK-organisational form are also registered, including Be Hagane Gems and Gullsmed Anders Tollaas, which currently have no employees or sales.

All businesses in this industry in Bodø are registered in the city of Bodø itself. There are 6 registered companies with employees and 6 companies without employees in the same city. The most active businesses are located in areas such as Stormyra, Stormyrveien, Professor Schyttes gate and Storgata. There is no spread to other districts in the municipality.

The industry has been relatively stable in terms of bankruptcy. None of the registered companies have gone bankrupt, even though some have negative or zero financial results. For example, Aasland Holding As and Ambrosius Eiendom As have no employees and show negative or zero values for operating profit and EBITDA. This may indicate that some companies are in the start-up phase or are not actively operating. Nevertheless, no bankruptcies have been reported in the industry, showing a certain level of stability.

Outlooks for entrepreneurs in this industry in Bodø look promising, especially with the strong growth in sales and number of employees in recent years. The 26.3% sales growth from 2024 to 2025 indicates strong economic development, and high EBITDA margins (up to 14%) suggest good operational efficiency among the most active companies. There are also opportunities to establish new companies, as demonstrated by the founding of Gullfunn City Nord (2024) and Be Hagane Gems (2026). Entrepreneurs should, however, be aware that some companies have weak financial results, which could be a challenge for new businesses. SmartGrunder can help entrepreneurs find suitable addresses in Bodø for this industry, based on natural business opportunities.

The jewellery/watches/clocks/gold/silver store industry in Bodø shows clear growth and stability, with strong financial results among the most active companies. The high EBITDA margin and increasing sales indicate that the industry has potential for further development. Nevertheless, it is important to be aware that some companies have weak financial results, which could affect competition. For entrepreneurs, the industry can offer opportunities, especially with the growing demand and good operational results of existing companies.