Jewelry market in Italy- statistics & facts
The Italian industry manufacturing jewelry, bijouterie and related articles encompasses several important brands and represents an important share of the personal luxury good market. Turnover of the jewelry industry in Italy grew steadily, going from approximately 6.6 billion euros in 2013 to almost 9.2 billion euros in 2019. The jewelry industry also plays an important role because of its high level of employment, with a workforce of about 22 thousand individuals.
International trade registered a major import and export partner: Switzerland. In 2019, while the value of Italian jewelry industry imports from Switzerland amounted to 652 million euros, the export value reached 1.2 billion euros in the same year.
Market price and trade
The main three raw materials used for producing jewelry in Italy are gold, platinum and silver. The most expensive precious metal used for manufacturing jewelry and fine jewelry is gold, which had a market price of 1,245 euros per ounce in 2019. Platinum came second followed by silver. Yet with respect to international trade, Italy is a major importer of precious metals destined for the jewelry industry. As of 2019 the import value of precious metal amounted to over 6.5 billion euros.International trade registered a major import and export partner: Switzerland. In 2019, while the value of Italian jewelry industry imports from Switzerland amounted to 652 million euros, the export value reached 1.2 billion euros in the same year.
