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Italy’s jewellery exports up 26%

By: | at 07:00 PM | Channel(s): International Trade  

Italy’s jewellery exports jumped 26 percent in value in the first half of 2010, helped by soaring precious metals prices, according to industry data cited by a newspaper.

Shipments by the major jewellery exporter to the key U.S. market soared 34 percent in the first six months of this year after a long period of decline, Il Sole 24 Ore reported, citing a study by Italian bank Intesa Sanpaolo for Italian jewellery body Club degli Orafi.

It was not immediately possible to confirm the report, which did not provide absolute figures or export volumes.

Italy’s jewellery manufacturing sector was hit hard by the global economic crisis in 2008 and 2009, with exports falling 24 percent in the first six months of last year, the report said.

“Finally we can say that we are facing a reversal of the trend,” Club degli Orafi Chairman Luciano Mattioli was quoted by the newspaper as saying.

Italian jewellery exports to Hong Kong, a gateway to greater China, surged 60 percent in the first half of 2010, while exports to France jumped 33 percent, the report said. (Reuters)