Harry Winston’s prime central London boutiques increase sales by 33%

Harry Winston Bond Street_Print_31235

Harry Winston’s prime positions on London’s Bond Street and in the Harrods Fine Jewellery Room gave the business a perfect opportunity to benefit from high-spending visitors to the UK last year as they took advantage of a slump in the value of sterling.

The Swatch Group-owned luxury jewellery and watchmaker saw sales spike to £18 million in 2016, a 33.6% rise over the £13.5 million turnover reported in 2016.

Operating profit dipped slightly from £1.4 million in 2015 to £1.07 million in 2016.

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Added to sales of all other Swatch Group UK’s brands, turnover from subsidiaries in this country totalled £99.3 million in 2016.

Harry Winston UK Limited does not provide a breakdown between sales of jewellery and watches, but its history in the diamond industry makes jewellery by far the greater contributor. Its gem-encrusted watches are better described as jewellery pieces.

The 33.4% increase in sales last year would have been even greater were it not for the closure of Harry Winston’s Bond Street store for nine months for a major refurbishment.

The boutique re-opened in November with, for the first time, an entire floor dedicated to its timepieces.

Harry Winston has an entire floor dedicated to watches at its newly refurbished Bond Street boutique.

Harry Winston has an entire floor dedicated to watches at its newly refurbished Bond Street boutique.

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