The key strength of the Italian jewelry manufacturing system comes from its ability to excel in manufacturing of both high and low value-added products. Another great and internationally recognized advantage of the Italian Jewelry Industry is its unparalleled heritage, that could be interpreted as the natural evolution of a cultural artistic and industrial path. This path is rooted in the past and is enriched by strong values. Today, even the most technological Italian product, conceals a secret aesthetic soul.
The genius loci (the pervading spirit of a place) of the Italian goldsmith industry has a special and distinctive feature: the production is concentrated in several districts such as Valenza, Vicenza, Arezzo and Torre del Greco/Naples.
Within these production areas the contextual know-how (all the non-codified knowledge and skills that develop in a territory, whereby different companies and the relevant social relation coexist) benefits from constant enrichment.
|Turnover:||7,87 billion Euro|
|Production direct workforce:||31,425|
|Export (HS 71):||15.4 billion USD (+22.5% over 2018)|
|Import (HS 71):||12.6 billion USD|
The jewelry industry ranks among the first 10th most active trade balances for Italy and, among the Made in Italy fashion sector, is the most profitable industry.
87.6% of Italian jewelry production is exported worldwide: 47,4% to European countries, 14,4% to North America, 38.2% to the rest of the world. The US represents the third target market with a share of 8.9% of the total Italian export.
The total import of Made in Italy Jewelry (HS 71) in the US in 2019 has reached a value of 1.5 billion USD registering a consistent increase of 8.4% compared to the previous year. This result is even more relevant if we take into consideration that the total US import for this code has registered a 4.2% decrease.
Italian Jewelry has a market share of 2.67% of the US market, placing Italy 11th in the top US supplier ranking. With reference to the code HS 7113 (articles of Jewelry) Italy is the third most important US supplier, closely following India and China.