The key strength of the Italian jewelry manufacturing system comes from its ability to excel in manufacturing of both high and low value-added products. Another great and internationally recognized advantage of the Italian Jewelry Industry is its unparalleled heritage, that could be interpreted as the natural evolution of a cultural artistic and industrial path. This path is rooted in the past and is enriched by strong values. Today, even the most technological Italian product, conceals a secret aesthetic soul.
The genius loci (the pervading spirit of a place) of the Italian goldsmith industry has a special and distinctive feature: the production is concentrated in several districts such as Valenza, Vicenza, Arezzo and Torre del Greco/Naples.
Within these production areas the contextual know-how (all the non-codified knowledge and skills that develop in a territory, whereby different companies and the relevant social relation coexist) benefits from constant enrichment.
| 2020 | |
|---|---|
| Turnover: | 7.05 billion Euro |
| Manufacturing companies: | 7,364 |
| Production direct workforce: | 31,425 |
| Export (HS 71): | 17.6 billion USD (+13.6% over 2019) |
| Import (HS 71): | 17.6 billion USD |
The jewelry industry ranks among the first 10th most active trade balances for Italy and, among the Made in Italy fashion sector, is the most profitable industry.
87.6% of Italian jewelry production is exported worldwide: 47.4% to European countries, 14.4% to North America, 38.2% to the rest of the world. The US represents the third target market with a share of 8.9% of the total Italian export.
The total import of Made in Italy Jewelry (HS 71) in the US in 2020 has reached a value of 1.7 billion USD registering a consistent increase of 10.3% compared to the previous year.
With reference to the code HS 7113 (articles of Jewelry) Italy is the second most important US supplier after India, with a market share of 12.8%.