The Italian jewellery manufacturing sector is projected to see a continual decline in employment figures from 18.72 thousand in 2024 to 18.22 thousand by 2028. Compared to 2023, where employment stood at 18.85 thousand, the sector is experiencing a gradual decrease. Year-on-year changes indicate a steady reduction in workforce, with an average annual decline of roughly 0.75% over these years. Considering the broader five-year period from 2024 to 2028, the compounded annual growth rate (CAGR) reflects a continued downturn in employment numbers.
Looking ahead, trends to watch for in this sector include technological advancements in production processes, evolving consumer preferences towards sustainable and ethically sourced jewellery, and potential globalization impacts on Italian manufacturing capabilities. These factors may influence labour demand and could either mitigate or accelerate the current downward trend.
