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OROAREZZO opens today;  370 exhibitors participating, over 400 foreign buyers expected

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The 44th edition of Oroarezzo opens tomorrow, Saturday 10. The Italian Exhibition Group event, held at Arezzo Fiere e Congressi, Arezzo – Italy, will host and showcase the best of made-in-Italy gold and jewelry production until Tuesday, May 13.


The opening ceremony of Oroarezzo 2025 will begin at 11:30 am in the Auditorium with institutional greetings from Maurizio Ermeti, president of Italian Exhibition Group, Alessandro Ghinelli, Mayor of Arezzo, Alessandro Polcri, President of the Province, Massimo Guasconi, president of Arezzo-Siena Chamber of Commerce, and Ferrer Vannetti, president of Arezzo Fiere e Congressi, introduced by Maurizio Amoroso, deputy director of Mediaset’s Allnews. This will be followed by speeches from the Minister of the Interior, Matteo PiantedosiMaurizio Forte, Head of Export of Italian Trade Agency, Luca Parrini representing the gold and jewelry industry’s trade associations, and Giordana Giordini representing Confindustria Federorafi Nazionale. Eugenio Giani, president of the Tuscany Region, has also been invited.


Oroarezzo is manufacturing and design, technologies for the supply chain, precious and semi-precious stones, components and semi-finished products, packaging and a vast cash & carry area for retail jewelers. With over 370 exhibitors, of which 84% are made in Italy and 16% from abroad, and about 400 foreign buyers hosted thanks to collaboration with the Italian Trade Agency (ITA), IEG has created correspondence between the foreign markets of reference and the manufacturing districts, starting with the “home” team. The hosted buyers come from 60 countries, with greater percentages from the UAE, Egypt, Colombia, Argentina, Lebanon, Romania and Hong Kong. The buyer contingent from the U.S. has increased 30% this year compared to 2024. As for where Italian companies come from, 42% will be from Tuscany. Other regions represented are: Veneto, Lombardy, Piedmont and Campania.


In recent years, IEG has extended the range of events and conferences for Oroarezzo’s professional community. This edition’s calendar will include economic scenarios organized by Club degli Orafi with Intesa Sanpaolo’s Research Department, Federpreziosi

Confcommercio’s Observatory, and the Italian Trade Agency. The second edition of the Precious Fashion event will bring developments and technologies between the jewelry and metal fashion accessory supply chains closer (updated program on the event’s homepage) in collaboration with AFEMO, the Italian Association of Jewelry Machinery Manufacturers.


In addition to the iconic Première competition (34th edition), inspired by art director Beppe Angiolini, with 60 participating companies. The “Talents” category introduced last year showcases the projects of the students from local goldsmith schools. Oroarezzo guests will also have the honor of seeing Giacomo Puccini’s “Gianni Schicchi” on stage at the Petrarca Theater, an event promoted by IEG, Arezzo City Council and the Guido d’Arezzo Foundation. The stage costumes will be embellished with jewelry from several of Federorafi Confindustria’s member companies.

In 2024, Arezzo confirmed its position as Italy’s leading district for gold, silver and jewelry exports. According to ISTAT data processed by Federorafi Confindustria, in the period January-December last year, Arezzo’s jewelry exports were worth 7.7 bn with +119% more than 2023. The district alone is worth 48% of all domestic jewelry exports.


Arezzo manufacturing’s main destination markets in terms of volume are: Turkey with 4.733 bn (+523%), United Arab Emirates with 739 m (+7.9%), United States with 501.7 m (+6.5%), France with 262.9 m (+9.7%) and Hong Kong with 201.4 m (-14.4%). Domestic exports in the January-December 2024 period showed a double-digit increase: +41.4%, amounting to just over 15.5 billion euros, of which 13.7 billion generated by wearable gold jewelry alone (+48.7%), and 893 m (+0.6%) by wearable silver jewelry. The trade balance of all wearable jewelry rose to 12.7 billion euros.


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International News

Indian Jewellery Exporters Breathe Easy temporarily as US Court Blocks Tariff Rise

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In a significant development for Indian gem and jewellery exporters, a US Federal court has temporarily halted President Donald Trump’s proposed ‘Liberation Day’ tariffs, which were set to substantially increase duties on imported goods, including jewellery. The ruling has been welcomed by the industry, which had been preparing for tariff increases from 6% to as high as 26%.

The Court of International Trade in Manhattan deemed the executive orders issued on April 2 as “unlawful.” These orders aimed to implement a 10% baseline tariff on most US imports, with even steeper rates for countries with substantial trade surpluses — including China, the European Union, and initially, India. The 26% tariff targeting Indian gem and jewellery exports was scheduled to take effect on April 9 but had been postponed to July 9 due to ongoing legal challenges.

According to a newspaper report, the proposed tariff hike would have had a severe financial impact on exporters. Jewellery manufacturers operating in SEEPZ, which account for 64% of India’s $3.5 billion in annual jewellery shipments to the US, would have seen upfront duties per million-dollar consignment jump from $60,000 to $320,000. This would have further strained their cash flows at a time when global demand remains weak.

While the court’s decision does not address all of the industry’s challenges, it provides crucial temporary relief and highlights the need for consistent trade policies to support India’s standing in the global gem and jewellery market.

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International News

Ruling court nullifies Trump tariffs – AUGMONT BULLION REPORT

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  • Gold stabilizes in a range as a court decision overturns Trump’s tariffs, increasing risk appetite and depressing the greenback. After the U.S. Court of International Trade determined on Wednesday that Trump had overreached himself by using emergency powers to impose high tariffs on the majority of the nation’s trading partners, gold prices rose.
  • On Thursday, the U.S. Bureau of Economic Analysis released its initial update on the country’s first-quarter economic growth. According to the agency, the US GDP decreased by 0.2% over that time, which was less than the 0.4% decline that was anticipated and less than the 0.3% decline that the bureau had initially projected.
  • While acknowledging certain stagflation concerns, policymakers pointed out that the Committee may have to make tough trade-offs if inflation turns out to be more persistent and growth and employment prospects deteriorate.

Technical Triggers  

  • Gold prices are expected to trade in the range of $3270 (~Rs 95000) and $3370 (~Rs 96400) in the near term. Either side breakout or breakdown will give 2-3% movement.
  • Silver prices are expected to trade in the range of $32.5(~Rs 96000) and $34(~Rs 99000) in the near term.

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International News

Swarovski Names Kolja Kiofsky as Chief Commercial Officer, Effective January 2026

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Swarovski has announced the promotion of Kolja Kiofsky to Chief Commercial Officer, effective January 2026. Currently serving as General Manager of North America, Kiofsky will take over from Michele Molon, who is set to depart in July 2025 for a new opportunity.

In his new role, Kiofsky will lead Swarovski’s global commercial operations, overseeing omni-channel strategy, global sales, commercial architecture, and real estate. He will relocate from New York to the company’s corporate headquarters in Männedorf, Switzerland, and report directly to CEO Alexis Nasard.

Kolja Kiofsky’s promotion to chief commercial officer marks an exciting new chapter for Swarovski. Kolja’s leadership and strategic vision have been pivotal in driving growth and transformation in North America,” said Nasard.

“At the same time, Swarovski extends its heartfelt gratitude to Michele Molon for his outstanding contributions and dedication to our company and brand. Michele leaves with a strong business and organizational legacy.”

Until Kiofsky assumes the role in January, Ilse Roeffen, Head of Emerging Markets and Businesses, will serve as interim Chief Commercial Officer.

Reacting to the announcement, Kiofsky said, “I’m incredibly honored and excited to step into the role of chief commercial officer after 15 amazing years with Swarovski. This company has been a huge part of my professional journey, and I’m proud to have the opportunity to contribute to its legacy of innovation, craftsmanship and excellence. I want to extend my sincere gratitude to Michele Molon who has been not only a brilliant leader but also a true partner and mentor throughout the years. I look forward to building on the strong foundation he laid and driving our commercial strategy into its next phase.”

The promotion comes as Swarovski reported a 6% increase in revenue in 2024, reaching €1.906 billion—signaling strong momentum for the heritage crystal brand.

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