Jewelery financial statements are not all gold according to Pambianco ♦
The 2016 was not a golden year for jewelery, but not too bad. A round of informal phone calls seems to indicate, however, that 2017 may close with a more positive balance. The wrist of the jewelery and watch sector is heard by Pambianco, a consultant specialist in the luxury sector.
In his analysis, besides certifying the bad moment of the watch sector (difficulties also witnessed in Baselworld), Pambianco put the budgets of the major jewelery groups under the lens. Result: some positive results, such as Pomellato, which thanks to the care and synergies of the Kering group increased revenues by 11.5%, Unoaerre, which grew by 7.9%, Damiani (+ 4.8%) or Morellato (+ 2.8%). Also, Chrysos, which also produces the brand Officina Bernardi, it has seen sales up by 5.4% to 56.3 million. But there are also significant decreases. For example, Asolo Gold, a specialist in chain production, saw revenue falling from 28.2% to 80.5 million euros. Among the famous brands for design, Marco Bicego dropped 4.5%, despite good performance abroad, at 47.4 million, while for Roberto Coin the decline was 4.7% to 46 million. Slight decline (-0.5%) also for Stroili Oro, bought by the French Historie d’Or group in the summer of 2016. Federico Graglia
