Italy’s jewelry industry, including both fine jewelry and fashion jewelry (bijouterie), is a significant segment of the nation’s luxury goods market.

The industry’s revenue has risen consistently, with a notable increase from roughly 6.6 billion euros in 2013 to close to 9.2 billion euros by 2019.

The sector is also a notable employment provider in Italy, offering jobs to around 22,000 workers.

Market Pricing and Commerce

Gold, platinum, and silver are the top three materials used in Italian jewelry manufacturing.

Gold, the priciest of these materials, was valued at 1,245 euros per ounce in 2019, followed by platinum and silver.

Despite these local productions, Italy predominantly imports its precious metals for jewelry-making, with imports in 2019 exceeding 6.5 billion euros.

The Italian jewelry sector’s international trade is significantly connected with Switzerland.

In 2019, Italy imported Swiss jewelry worth 652 million euros, while exports to Switzerland were valued at 1.2 billion euros.