Last Updated on: 22nd November 2023, 02:35 am
In the current retail landscape, marked by a significant downturn in online sales as reported by the CBI, pre-loved luxury retailers like S&R Jewellers are experiencing a sales boom. The cost-of-living crisis and rising interest rates have prompted shoppers to seek more budget-friendly luxury options for Christmas gifts, making pre-loved items an attractive choice.
S&R Jewellers, operating online under Suttons and Robertsons, specialises in pre-owned luxury jewellery and watches. They have reported a remarkable 90% increase in sales in 2023. With their upcoming Black Friday discounts of up to 50%, they expect an additional surge in sales.
Jim Tannahill, Managing Director, commented: “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.”
The retailer’s inventory includes popular brands such as Tiffany, Cartier, Bvlgari, and Rolex. While they focus on keeping a high stock level of popular items, they also maintain a large collection of pre-owned Tiffany jewellery, one of the largest in the UK.
S&R Jewellers also invites individuals looking to sell their luxury jewellery, offering competitive prices for quality pieces.
For more details on their collection or selling opportunities, visit sandrjewellers.com.
