Business

Monday 26 September 2016

Fields' profits sparkle after sale of €250,000 pink diamond set

Gordon Deegan

Published 04/12/2015 | 02:30

The firm has 14 Irish stores.
The firm has 14 Irish stores.

The sale of a €250,000 pink diamond necklace and earrings set by jewellers Fields contributed to the firm enjoying a 15pc rise in revenues here last year.

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The sale was the highest value commission sold across Fields' 14-strong network of Irish stores in 2014. A spokesman for Fields said yesterday that the firm continues to enjoy growth in the market in 2015.

It operates stores at Grafton Street, Henry Street, Jervis Street, Blanchardstown, Liffey Valley, Swords, Tallaght and Dundrum in Dublin, as well as Newbridge, Drogheda, Kilkenny, Athlone, Limerick and Galway. The spokesman said: "We opened a very successful store in Galway last year and are now looking at other opportunities for expansion."

The firm employs around 200 and the spokesman added: "Across the group, we are seeing increasing demand for higher value products, particularly in diamond rings, jewellery and watches as customers' confidence increases."

New results lodged by the Anthony Nicholas Group, owner of Fraser Hart in the UK and Fields jewellers in Ireland, reported pre-tax profits of £4.7m on revenues of £140.8m last year.

The spokesman said the business "is in a strong position to capitalise on opportunities as they present themselves in the markets in which it operates".

Irish Independent

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