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

The jewellery/watches/clocks/gold/silver store industry in Rana is a small but economically stable sector with 6 registered companies. Sales have grown by 13% from 2024 to 2025, reaching NOK 23.1 million. Employment figures have been more variable, with an average of 18 employees per year. The two most significant companies, Meyers Gull Og Sølv As and Firma Urmaker Monsen As, dominate the market with high EBITDA margins (19% and 4%). The industry is concentrated in Mo I Rana, where 2 companies operate with 16 employees and NOK 23.4 million operating revenue.

The sales development for the industry has been positive in recent years, increasing from NOK 15.4 million in 2016 to NOK 23.1 million in 2025. Employment figures have been more volatile, with a decline from 24 employees in 2016 to 16 in 2021, followed by an increase to 19 employees in 2023. The last two years have seen stable employment at 18. EBITDA margins for the most significant companies range between 4% and 19%, with the highest value at Meyers Gull Og Sølv As. The industry has an average operating margin of 16% and a gross margin of 55%.

The following companies are registered in the industry in Rana:

The two most stable companies are AS-organized, while some companies operate with zero employees and low operating revenue. Moholmen Holding As has negative EBITDA, indicating potential challenges in operating economics.

The industry is concentrated in Mo I Rana, where 2 companies operate with 16 employees and NOK 23.4 million operating revenue. The key economic indicators for this part of the municipality are:

• Operating Revenue: NOK 23.4M
• EBITDA Margin: 16%
• Gross Margin: 55%
• Operating Margin: 16%
• Average Operating Revenue per Employee: NOK 1.3M

No activity is registered in other parts of the municipality for this industry.

Within the industry, there are no bankrupt companies registered, indicating relative stability. However, financial data shows that some companies face challenges:

• Moholmen Holding As has negative EBITDA (-NOK 157K) and zero sales revenue.
• Bohag As has a high EBITDA margin (32%) but zero employees and low sales revenue (NOK 0).
• Solverden As and Urmaker Keith Skoglund have no operational activity.

Employment figures have been volatile, with an 11.1% decline from 2025 to 2026. This may be due to company mergers or reduced activity among certain businesses.

For entrepreneurs considering starting in this industry in Rana, data shows a stable market development with increasing sales (13% annual growth from 2024 to 2025). EBITDA margins for the most stable companies range between 16-19%, indicating good operating economics. However, entrepreneurs should be aware of challenges such as:

• Low operating revenue for some companies (e.g., Moholmen Holding As)
• Large variation in the number of employees (0-10)
• Competition from established companies like Meyers Gull Og Sølv As

SmartGrunder can help identify potential locations in Rana that are well-positioned for this industry, with a focus on market prospects and operating economics.

The jewellery/watches/clocks/gold/silver store industry in Rana shows stable development with increasing sales and relatively high EBITDA margins for the most significant companies. Although there are variations in financial results, there are no bankrupt companies registered, indicating a stable market structure. Entrepreneurs should consider focusing on established locations in Mo I Rana and leveraging existing market keys. SmartGrunder can help find optimal addresses in the municipality for this industry.