Story Highlight
– Lunn’s Jewellers sales up 2% to £38.5 million.
– Operating profit flat at £2.8 million year-on-year.
– Invested £5.5 million in new Rolex boutique.
– Boutique opened June 2025 in Queen’s Arcade.
– Future plans include expanding Patek Philippe presence.
Full Story
Lunn’s Jewellers has reported a 2% increase in sales, reaching £38.5 million for the financial year that concluded in February 2025.
The company’s operating profit remained stable at £2.8 million compared to the previous year. This steady performance comes even after significant investment in a new Rolex boutique located at Belfast’s historic Queen’s Arcade, owned by Lunn’s.
The boutique, which opened in June 2025, was developed at a cost of £5.5 million and is part of a broader initiative to upgrade the prestigious Queen’s Arcade into a prime destination for luxury watch shoppers. Lunn’s now features an array of high-end Swiss brands, including Patek Philippe, Tudor, TAG Heuer, and Breitling.
Following the launch of the Rolex boutique, Lunn’s Jewellers is now focusing on revamping its multibrand jewellery and watch showcase, which prominently features Patek Philippe.
Susie Lunn, the marketing and creative director of the company, stated, “The next big project is expanding our Patek Philippe presence. We want to create a space that reflects the prestige of the brand while fitting seamlessly into the arcade. We’re also exploring ways to add more hospitality — creating experiences that go beyond retail, so people want to linger and enjoy the space.”
