Jewellery exports 2018: the first 6 months’ figures for Vicenza, Valenza and Arezzo
Light and shade for exports in the Italian gold districts during the first half of 2018. According to Intesa Sanpaolo’s recent monitoring report, the three gold and jewellery poles - Valenza, Vicenza and Arezzo – recorded different performances with only one stable district, Arezzo in this instance, compared to 2017.
Although Valenza underwent a significant slowing down in fine and costume jewellery exports (-18.6%) compared to the second quarter in 2017, according to a Intesa Sanpaolo’s comment in Preziosa Magazine “this does not mean that the district has weakened. It is rather a normalization factor in consideration of the 176 million Euro leap in exports to France in 2017, mainly attributable to the start of production in the new Bulgari factory in Valenza, part of the French group LVMH“.
According to the bank’s analysts, it is therefore a physiological adjustment which sees Valenza among the Italian jewellery poles with exports worth 537 million Euros.
Next is Vicenza, which reported a standstill in fine and costume jewellery export values (-9.7 million Euros, equal to -2.8%), also due to lower precious material prices. Between April and June 2018, positive signs were reported, especially from the United Arab Emirates, India and Russia which are still showing positive results.
Arezzo is the only Italian gold and jewellery pole to be effectively stable in the second quarter of 2018, with an inversion of the negative trend in the first three months and a return to the values of the first six months in 2017. In fact, faced with a 2.4% reduction in the first six months, the Tuscan pole has maintained good stability compared to the same period in the previous year (+0.2%).