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Jewellers sees profits rise

High-value transactions helped Hamilton & Inches, Edinburgh's upmarket jeweller, to its first rise in turnover and profits since a management shake-up in 2010.

The business lifted sales by 6.5% to £7.1m in the year to March 31, according to accounts at Companies House. Pre-tax profits jumped 23% to £449,833, following the previous year's 29% fall. Hamilton & Inches, now driven by managing director and significant shareholder Stephen Paterson, paid down £277,000 of debt and had funds of £30,000.

The directors said it had been a successful year in difficult retail conditions.

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