The UK’s obsession with jewellery and watches is only likely to get worse if the Brexit deal is implemented, as a survey by UK-based jewellery firm Bernat shows.
In a survey conducted by Bernat of jewellery salespeople across the UK, over half of the respondents said that jewellery was their favourite type of craft.
According to the poll, only one in five said that their favourite craft was knitting or crocheting, while another 19 per cent said that it was the craft of knitting and crochets.
The jewellery industry is worth an estimated £1.2bn a year and employs some 2.4 million people in the UK alone, with an estimated 500,000 of them in London.
Bernat surveyed jewellers across the country to find out how the industry is faring following the Brexit vote, with nearly two thirds of respondents saying that the industry was either in “good” or “excellent” shape following the vote.
While the UK’s industry is still suffering the effects of the Brexit referendum, the report found that the country’s retail jewellieries are on the rise, with a 30 per cent rise in the number of shops in the past 12 months.
Among the most popular craft in the country were knitting and crochet, with the craft in particular being a popular choice for young people.
Meanwhile, the craft market in the U.K. has seen a 30-fold rise in sales in the first six months of this year, with more than $40m (£31m) being made by British craftspeople during the same period.
As Brexit looms, many UK jewelliers are preparing for the possibility that they may lose a large slice of the industry as their trade becomes more isolated from the rest of the UK.