Jewellery/Watches/Clocks/Gold/Silver Store Industry in Fredrikstad: A Comprehensive Overview

Jewellery/watches/clocks/gold/silver store industry in Fredrikstad is an industry with both stability and variations. In 2025, 16 companies are registered in the municipality, distributed across four areas: Kråkerøy, Rolvsøy, Fredrikstad, and Gressvik. In recent years, the industry has shown both growth and decline in revenue and number of employees, with a significant decline of 50.9% in 2025. Nevertheless, there are several companies with good financial health, especially in Kråkerøy. This shows that the industry has potential, but also challenges that must be considered by founders and local decision-makers.

Economic Trends

Over the past few years, revenue for the industry in Fredrikstad has shown variations. The highest revenue was recorded in 2020 at NOK 54.8 million, while a significant decline of 50.9% was recorded in 2025. The number of employees has also shown variations, with a decline from 73 in 2016 to 52 in 2025, followed by a slight increase to 56 in 2026. This shows that the industry has been affected by various factors, including economic variations and changes in the market.

Key Economic Figures

• Revenue in 2025: NOK 19.7 million (a decline of 50.9% from 2024)
• Number of employees in 2025: 52 (a decline from 51 in 2024)
• Largest revenue increase: +18.8% from 2019 to 2020
• Largest revenue decline: -50.9% from 2024 to 2025

There are 16 companies in the industry in Fredrikstad, distributed across different organisational forms. Most companies are AS-er, with 9 companies and 60 employees. The key companies include:

• Gullsmed Truls Ambjørnsen As (Kråkerøy): 14 employees, revenue of NOK 21.9 million, operating profit of NOK 2.5 million
• Juvel Gullsmedforr Fredrikstad As (Fredrikstad): 4 employees, revenue of NOK 6.9 million, operating profit of NOK 1.2 million
• Glitter Østfoldhallen (Rolvsøy): 6 employees, revenue of NOK 3.0 million, operating profit of NOK 134,000

Organisational Trends

Most companies are AS-er, with an average operating profit per employee of NOK 1.3 million. This shows that AS-er have good financial health in the industry.

Distribution of Activity

The industry is distributed across four areas in Fredrikstad, with varying levels of activity:

Kråkerøy has the highest level of activity, with both high revenue and operating profit. Gressvik has no activity in the industry, which could be an opportunity for new companies.

The industry has shown both stability and variations over the past few years. There are no registered bankruptcies in the industry, but some companies have negative operating profits or zero revenue. This could be a sign of challenges for new companies, especially in Gressvik. Nevertheless, several companies have shown good financial health, which shows that the industry has potential for growth.

Outlook for Founders

The data shows that the industry in Fredrikstad has both opportunities and challenges. The significant decline in revenue in 2025 is a concern, but there are also signs that some companies have good financial health. Founders should consider establishing themselves in areas with existing activity, such as Kråkerøy, where there are more companies with good financial health. There are also opportunities for new companies in Gressvik, where there is no activity in the industry. Founders should also be aware of the economic variations and ensure that they have strong financial plans.

Jewellery/watches/clocks/gold/silver store industry in Fredrikstad has both opportunities and challenges. The industry has shown variations in revenue and number of employees, but there are also companies with good financial health. Founders should consider establishing themselves in areas with existing activity, such as Kråkerøy, and be aware of the economic variations. SmartGrunder can help founders find suitable addresses in the municipality for this industry.