Jewellery/Watches/Clocks/Gold/Silver Store Industry in Eidsvoll: An Analysis of Companies, Statistics, and Outlooks

The jewellery/watches/clocks/gold/silver store industry in Eidsvoll consists of 6 registered companies, distributed across two central areas: Råholt and Eidsvoll. Although sales in the industry dropped drastically after 2017 and are now at zero, a stable number of employees (7–8) has been registered since 2022. The industry shows signs of gradual stabilization, but lacks growth in sales and operating profit. There are no bankrupt registered companies in the industry, which indicates that the businesses have managed to stay afloat, even though they do not report revenues.

• Sales: The industry reached a peak of NOK 2.5 million in both 2016 and 2017, but sales dropped to zero from 2018 onwards. This is a drastic decline of 100% from 2017 to 2018.
• Employees: The number of employees has varied significantly, but has been stable at 7–8 employees since 2022. There is an increase of 14.3% from 2024 to 2025.
• Operating Profit: No operating profit has been reported by any of the companies, which may indicate that the businesses operate at a loss or have other revenue sources.

Table: Annual Development

The following companies are registered in the industry in Eidsvoll:

1. Gullfunn Eidsvoll (AS, Gladbakkvegen 1, Råholt) – 7 employees, founded 1979.
2. Gullsmed Georg Sundt As (AS, Eidsvoll) – 1 employee, founded 1965.
3. Bamrud Smykker Sølv Og Sånn (ENK, Minnesund) – 0 employees, founded 2023.
4. Urmaker Sindsen As (AS, Eidsvoll) – 0 employees, founded 2024.
5. Van Selm Ur (ENK, Dal) – 0 employees, founded 2026 (two companies with the same name and address).

Company Forms: 2 companies are AS, 4 are ENK. AS companies have an average of 8 employees, while ENK companies have 0 employees.

The industry is distributed across two central areas in Eidsvoll:

• Råholt: 1 company (Gullfunn Eidsvoll) with 7 employees and zero sales.
• Eidsvoll: 1 company (Gullsmed Georg Sundt As) with 1 employee and zero sales.

There are no reported revenues or operating profits for the companies in these areas. This may indicate that the businesses operate with other revenue sources or that data is missing.

• Bankruptcy: No companies in the industry are registered in bankruptcy, which indicates that the businesses have managed to stay afloat.
• Growth: Sales have been stationary since 2018, while the number of employees has been stable since 2022.
• New Companies: Two companies (Bamrud Smykker Sølv Og Sånn and Urmaker Sindsen As) were founded after 2020, but have no employees and no sales.

Outlook: The industry lacks growth in sales and operating profit, but shows signs of stabilization in the number of employees. It is possible that new companies are seeking to establish themselves in the market, even though they currently do not report revenues.

Outlook for Entrepreneurs

For entrepreneurs considering establishing themselves in the jewellery/watches/clocks/gold/silver store industry in Eidsvoll, it is important to be aware of the following:

• Market Challenges: Sales have been stationary since 2018, and there are no reported revenues for most companies. This may indicate that the market is weak or that the businesses operate with other revenue sources.
• Competition: There are few competitors in the industry, which can be an advantage for new companies.
• Stable Labour Market: The number of employees has been stable since 2022, which may indicate that there is a need for labour in the industry.
• Opportunities for Specialization: It is possible to establish oneself in a niche market, such as watchmaking or silver jewellery, which is not covered by existing companies.

SmartGrunder can help entrepreneurs find suitable addresses in Eidsvoll for this industry, based on data and local conditions.

The jewellery/watches/clocks/gold/silver store industry in Eidsvoll is small and stable, but lacks growth in sales and operating profit. There are no bankrupt registered companies, which indicates that the businesses have managed to stay afloat. For entrepreneurs, there may be opportunities in a niche market, but it is important to be aware of the challenges that market challenges bring. SmartGrunder can help with finding suitable addresses and strategies to establish oneself in this industry in Eidsvoll.