V’Oro September, for a global jewellery supply chain

Aug 06, 2024

1 3The entire jewellery and contemporary watchmaking supply chain will be at Vicenzaoro (V’Oro) September from 6th to 10th September at Italian Exhibition Group’s Expo Centre in Vicenza (Italy). A supply chain that, on a global scale in 2023, generated revenues of approximately 725 billion euros (806 billion dollars), and that leading market analysts estimate will grow by a further 5% between now and 2030 driven by markets such as India and China.

From fine jewellery to components, semi-finished products, creations in gold or silver, gems, diamonds, packaging, visual merchandising and contemporary watchmaking: Vicenzaoro September is both a showcase of the trends that will be seen in store windows in 2025 and a one-stop shop for professional operators, confirming the IEG exhibition’s place on the podium of the world’s three major jewellery events.

The global jewellery supply chain on display at Vicenzaoro September is worth Euro 725 billion (USD 806 billion) and is estimated to grow by an average of 5% from now to 2030, with China and India as the leading markets. These are the estimates of leading industry analysts for the year 2023.

Precious gems (excluding diamonds): a market that achieved revenues of approximately USD 33.2bn. Diamond retailing generated revenues of USD 140 bn. Jewellery with pearls reached a global level of USD 11.8 bn. Coral jewellery generated revenues of USD 3.2 bn.

Global gold jewellery revenues (without gemstones) were valued at approximately USD 184.85bn. This figure includes all categories of gold jewellery, such as rings, necklaces, bracelets and earrings. Revenues for fine jewellery were estimated to have reached about USD 366bn.

Demi-fine jewellery closed 2023 at USD 2.9bn in revenues. The wristwatch market was valued at approximately USD 64bn (this figure includes all watch categories, from analogue or digital to modern smartwatches). Lastly, global jewellery packaging revenues were estimated at around USD 168m in 2023.

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