GJF announces “Preferred Manufacturer of India 2011-13” program

Will assist manufacturers in improving market share

Post By : IJ News Service On 27 July 2011 10:49 AM
Although Italian companies have planned a participation of 180 in numbers for the forthcoming JCK-Las Vegas show, back home, the industry is predicting a lowered manufacturing output and exports, for the year 2008. The low enthusiasm is due to the high and unstable gold prices, the US recession and a slowdown in the global economy, as outlined by director of the Italian goldsmiths' body Federorafi, Stefano de Pascale. %% The first quarter of 2008 has seen jewellery exports from the Veneto region, one of the three main Italian jewellery manufacturing regions, fall by 4.7 percent in value. In 2007, Italian export-focused jewellery sales dropped by 6.2 percent in volume, although it increased in value by 4.1 percent. %% The unstable gold price, which was $1,030.80 per ounce on March 17, 2008, and has fallen by 14 percent since, has forced the buyers to defer their purchase decisions, in anticipation of stability on the prices.

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