International News
Jewellery sector’s growth will be fueled by a younger, diverse clientele: McKinsey & Co luxury fashion report
Jewellery sales are expected to regain momentum with 3% to 5% projected growth. An increasing number of consumers will transition from non-branded to branded jewellery.
A 2025 luxury fashion report by McKinsey & Co forecasts jewellery and leather goods to be the fastest-growing categories of the luxury goods industry through 2027. The jewellery sector’s growth will be fuelled by a younger and more diverse clientele.
The report notes that in the period 2019-2023, the jewellery category experienced a remarkable 8% CAGR (compound annual growth rate), globally. However, in 2024, growth slowed down between 2% to 4%. This year, jewellery sales are expected to regain momentum with 3% to 5% projected growth, and accelerate to 4% to 6% by 2027.
Jewellery sector’s growth in the next 3 years will be shaped by shifting customer profiles and buying behaviours. An increasing number of consumers will transition from non-branded to branded jewellery.
High jewellery sales are likely to increase in line with the growing number of ultra-high-net-worth individuals worldwide. Moreover, growing interest among younger buyers in genderless jewellery, along with luxury brands investing in technology and immersive experiences will further shape interest among digital natives and new consumers
However, the report cautions that an uncertainty in a clear segregation between lab-grown diamond and natural diamond markets could pose a challenge to this growth.
Key points:
- Jewellery to grow globally between 4%-6% through 2027: McKinsey & Co.
- High-jewellery demand to rise as the wealthy population grows worldwide.
- Global iconic jewellery brands continue to lead growth for luxury conglomerates
- Diamond-studded jewellery to see the biggest growth in India in 2025: Redseer
- India’s precious jewellery market to grow at a healthy 11-13% CAGR until 2028
- Organised jewellery sector in India to grow 20% year-on-year in FY25: Ind-Ra
International News
Oroarezzo 2026, with Italian Exhibition Group, Manufacturing Explores New Markets
International focus, evolving export geographies and a high-level global congress to shape new tools and strategies for Italian gold and jewellery companies from 9–12 May in Arezzo.
Quality business for foreign markets and high-level tools for companies will be the two key levers at the next edition of Italian Exhibition Group’s Oroarezzo event, scheduled to take place from 9th to 12th May at Arezzo Fiere e Congressi.
Between 2024 and 2025, the weight of the main Italian gold and jewelry export markets was redistributed in favor of the European Union, the United Arab Emirates and Switzerland, with the United States substantially holding up. Demand from Turkey halved, even though it was still the top destination for Made in Italy products.
IEG, together with the Italian Trade Agency (ITA), is amassing a delegation of hosted buyers for the jewelry manufacturing markets of interest that will exceed the one-to-one buyer/exhibitor ratio.

A key new feature at the upcoming edition will be the first international congress in Arezzo, to be held on Monday 11th, entitled “Global markets, geopolitical scenarios and concrete tools for business growth”. The event will focus on the prospects opened by the free trade agreement between the European Union and India, as well as on France and Switzerland — homes of the big brands — supply chains between the United States and Canada, and the opportunities of the African continent.
EXPORTS HAVE CHANGED, NOW BUSINESS AND TOOLS FOR COMPANIES
“Markets change, but interest in Italian gold and jewelry does not fade. Therefore, together with the Italian Trade Agency, we are working on compiling a high-profile delegation with the utmost attention to foreign markets that are still important for Arezzo manufacturing, like the United States, and to those, albeit a minority, that are livelier, such as Poland, Canada or China.
A collective effort which we are keeping associations, such as the national Federorafi, updated on through the Goldsmith Council, as well as local institutions, from the Municipality to the Chamber of Commerce and the Province, because Oroarezzo’s growth is a strategic IEG priority.
Our job, however, does not end with the encounter between market supply and demand. IEG is convinced that companies must also face current challenges with enabling experiences, such as data sharing and analysis. Which translates into a high-profile international conference. It is not the time to wait for change, we must build it together,” said Matteo Farsura, Head of IEG’s jewelry trade shows.
THE INCOMING STRATEGY
At last year’s edition, Oroarezzo saw the participation of over 370 exhibitors and around 400 hosted buyers thanks to the collaboration program with ITA.
For the coming edition, Italian Exhibition Group is working to exceed this proportion, with a predominant share of buyers operating in the US and UAE markets. IEG and ITA will also strengthen European representation and adopt a targeted approach to the Asian market, particularly Japan and China.
New markets in the Mercosur area will include Brazil, Mexico and Panama. Guests will be welcomed with a networking aperitif at the Fraternita dei Laici building on the opening day, along with curated experiences designed to highlight the city and its cultural heritage.
VALUE CHAINS, TARIFFS AND FREE TRADE: THE INTERNATIONAL CONGRESS
The first international conference will provide strategic insight into key areas for Italian gold and jewelry manufacturing exports. The initiative is a joint decision between IEG and the national Federorafi Confindustria to equip the Arezzo district with effective tools to interpret global scenarios and emerging opportunities.
The program will begin with an analysis of the medium- and long-term prospects resulting from free trade agreements currently being ratified between the European Union and the Mercosur area for the Italian gold and jewelry industry.
It will then examine the opportunities offered by India following the signing of the trade treaty with Brussels in New Delhi on 27th January for the progressive elimination of customs duties.
Further themes will include the decision-making centers of major jewelry brands between France and Switzerland, the reorganization of supply chains between the United States and Canada, and the opportunities presented by Africa as an initial commercial entry point for the gold and jewelry sector.
-
International News10 hours agoOroarezzo 2026, with Italian Exhibition Group, Manufacturing Explores New Markets
-
National News7 hours agoIIBS-11: Navigating the ‘New Gold Rush’ in a fragmenting global economy
-
New Premises12 hours agoLimelight Diamonds Unveils Exclusive Visakhapatnam Store in the Presence of Union Minister of Civil Aviation Shri Kinjarapu Ram Mohan Naidu
-
International News11 hours agoGemfields nets $53m in Bangkok ruby auction


