From 2013 to 2023, Italy's sold production of jewellery and related articles has exhibited significant fluctuations. Notable high growth occurred in 2017 with a year-on-year increase of 24.77%, followed by a dramatic decline in 2018 (-37.02%). After a recovery dip in 2020 due to the global pandemic, the sector rebounded strongly in 2021 with a year-on-year growth of 43.12%. In 2023, the industry's value stood at 5.7763 Billion Euros reflecting a modest 9.54% year-on-year growth. Over the last five years (2018-2023), the Compound Annual Growth Rate (CAGR) averaged at 8.11%.
Future projections indicate a steady growth trend through 2028, with a forecasted CAGR of 3% and an overall forecast growth of 15.95%. This suggests a potentially stable and growing market. Future trends to watch include digital transformation in luxury sales, innovations in sustainable materials, and increasing consumer demand in emerging markets, which may drive further growth.