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The Independent UK
The Independent UK
Business
Anna Wise

Record gold prices and premium watch sales boost profit for Ramsdens

Ramsdens Peter Kenyon Gold Rolex
Growing demand for pawnbroking services and higher gold prices have driven up profits for Ramsdens (Ramsdens/PA) -

A rebound in demand for Rolex watches and higher gold prices prompting more people to sell unwanted jewellery have helped drive record profits for retailer and lender Ramsdens.

Ramsdens, which has 169 stores in the UK, made a pre-tax profit of £11.4 million for the year to the end of September – 12% more than the previous year.

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