S&R Jewellers Reports Sales Surge in Preloved Luxury Segment Despite Online Retail Slump
While the CBI’s latest report indicates a downturn in online retail sales, there’s a contrasting trend in the preloved luxury market. S&R Jewellers, a pre-loved jewellery seller operating under Suttons and Robertsons, is witnessing a boom in sales, as customers opt for more wallet-friendly luxury gifts amidst economic challenges.
The retailer, specializing in pre-owned luxury jewellery and watches, has seen a 90% increase in sales in 2023. They attribute this growth to their competitive pricing and anticipate further success with their Black Friday discounts.
Jim Tannahill, Managing Director, said: “The cost-of-living crisis doesn’t stop people wanting to spend on luxury items, but we are seeing a huge increase in people turning to pre-loved jewellery and watches as they offer significant savings off of new retail prices.”
S&R Jewellers features a variety of high-demand luxury brands, including Tiffany, Cartier, Bvlgari, and Rolex. They focus on stocking popular items and have one of the largest collections of pre-owned Tiffany jewellery in the UK.
Additionally, S&R Jewellers buys high-quality unwanted jewellery pieces, promising fair prices to sellers.
To explore their collection or to learn about selling options, visit sandrjewellers.com.