Current value sales of jewellery are expected to return to pre-pandemic levels in 2023, with fine jewellery leading the way. This will be due to an expected further increase in purchases of jewellery made by international tourists, thanks to the return of tourists from China, who are major buyers of luxury jewellery.
Sales of costume jewellery are expected to profit from lower levels of anxiety surrounding the COVID-19 virus, thanks to high vaccination rates and the milder symptoms of the latest variants. This will encourage Italian consumers to pursue more active social lives and go out more regularly, with the result that they will look to make more regular purchases of costume jewellery.
The jewellery industry is increasingly embracing consumers’ growing environmental and social concerns, responding with a growing offer of jewellery made from recycled or ethnically sourced materials, or produced with low environmental and human impact. Indeed, most jewellery brands, including Damiani, Bulgari, Cartier and Chopard, for example, adhere to the UN-mandated Kimberley Process Certification Scheme, which exercises strict control over the extraction and trade of diamonds to avoid financing wars and conflicts.
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Understand the latest market trends and future growth opportunities for the Jewellery industry in Italy with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Jewellery industry in Italy, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Jewellery
Jewellery is a kind of personal adornment usually made with various precious and semi-precious materials such as gemstones, precious metals, beads, glass, and shells. Jewellery segment as either real or costume jewellery. Hair Accessories are not included as part of Real or Costume jewellery.
See All of Our DefinitionsThis report originates from Passport, our Jewellery research and analysis database.
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