The Jewels Report of the Sole 24 Ore is back, which will be attached to the newspaper of next Tuesday, May 16th. A spring update on the world of jewelry, which in 2022, in Italy and around the world, grew by double digits. A positive trend also recorded in the first months of 2023 and which is confirmed and strengthened by the investments of major brands in the sector, which concern manufacturing and artisanal capacity, as in the case of Bulgari with the expansion of the Valencia office, but also training , with partnerships between historic brands and goldsmith schools of excellence. The Special also talks about the vitality of retail: many Italian brands have opened boutiques in Italy or abroad and Tiffany has reopened, after four years of renovations, its most famous boutique, the one on Fifth Avenue, in New York . In the twenty-two pages of the Jewelry Report there are also insights into auctions, which continue to record records, and social and environmental sustainability, a theme that pervades every sector and which – particularly in jewelry – is intertwined with the traceability of the gold supply chain and gemstone mining.
There are many business cases, which well represent the Italian districts and explain the overall figure of the latest report presented by Club degli Orafi and Intesa-Sanpaolo. A research from which emerges a decidedly positive picture for 2022, with a turnover up by 22.1% which reinforces the important rebound accrued in 2021 (+55.3%). The good positioning on international markets supported these results with jewelery exports exceeding 9 billion in 2022, with a full recovery of pre-Covid levels both in value (+41%) and in quantity (+5%). Among the various markets, the United States is confirmed, with 1.5 billion, as the first reference market (+12% in 2022), also supported by the strengthening of the dollar; followed by exports to Switzerland (1.3 billion euros; + 21%) and the United Arab Emirates.
The report is completed by four pages of showcases and curiosities about small brands, also born thanks to the digital revolution, which has broken down the barriers to entry to the jewelery sector for distribution and communication. The showcases are curated by the editorial staff of HTSI-How To Spend Itthe monthly magazine of Il Sole 24 Ore dedicated to high-end lifestyles and consumption.