On the eve of VicenzaOro, the IEG Observatory on Gold and Jewelry photographs the situation: sales increase. And between Valenza, Arezzo and Vicenza wins … ♦ ︎
Countdown to VicenzaOro January (19-24 January). While the classic fair model is in full transformation, as evidenced by the original road undertaken by Fiera Vicenza, the uncertainties are still many. What will the VicenzaOro result really be? Expectations are positive, also because after a few difficult years for the jewelry world, due to the economic crisis, good data about consumption and spending trends can make even the goldsmith companies smile.
The data released by the Observatory on the gold and jewelery sector of the Italian Exhibition Group (the group that organizes VicenzaOro), indicate an increase in production and turnover for the first nine months of 2017. The average index of total turnover of the sector, specifies the analysis of the Observatory, increased by 6.2% in the three quarters of last year compared to the same period of 2016, by 2% at the national level and with a peak of 8.2% for sales abroad. Even better: for the production, the average index increased by 13% compared to the same period of 2016.
Export is flying
In absolute terms, exports of gold and jewelery made in Italy in September 2017 amounted to 5.2 billion euros (5.176 billion euros), equal to +13% in value, considering an average price of gold substantially similar to that of 2016. This exploit is explained by the restarting of consumption in India, Russia and the US. The last two, in particular, are very important for Made in Italy jewelry, which fits into this scenario with interesting rates, especially with regard to the US market. In the US, the trend in demand for jewelry and bijoux made in Italy in the first nine months of 2017 rose by 21% in value. It’s ok also for Europe, in contrast with the global trend. In France, Italian jewelery and jewelery exports rose by 44% in the first nine months, 14% in Germany and 22% in Spain. In Italy, Italian jewels report turnover increasing by more than 12%.
The Observatory has also quantified the different business between the poles of jewelery. Alessandria (Valenza) in the first nine months of 2017 recorded a turnover value of 1.5 billion euro, Arezzo an export of 1.4 billion, while Vicenza and the surrounding area is about 1 billion euro.
