Key Market Indicators
Italian jewelry exports are on track to hit approximately €9.4 billion by 2028, up from around €7.7 billion in 2023, marking an average annual growth rate of 3.1%. This steady increase has been evident since 2009, with a year-on-year growth rate of 4.9%. In 2023, Italy ranked second in the global jewelry export market, trailing Switzerland. The United Kingdom and France followed Italy, securing the third and fourth positions, respectively. Meanwhile, Italian jewelry imports are projected to reach roughly €2.2 billion by 2028, up from about €1.8 billion in 2023, growing at an average annual rate of 2.6%. Since 2009, the demand for imported jewelry in Italy has seen a modest increase of 0.8% year on year. In 2023, Italy was the fourth-largest importer of jewelry, with France ranking just ahead. The United Kingdom, France, and Italy held the second, third, and fourth spots in this category, respectively. In terms of sales, the Italian jewelry market is expected to reach approximately €7.4 billion by 2028, up from about €6.5 billion in 2023, growing at an average annual rate of 2.1%. Since 2013, the market has experienced a 2.6% year-on-year increase. Another projection suggests that Italian jewelry sales could hit around €7.7 billion by 2028, rising from approximately €6.7 billion in 2023, with an annual growth rate of 2.2%. Since 2015, the market has grown at a rate of 3.1% year on year.
