JB Insights
VICENZAORO JANUARY 2025 confirms its success as leading international business and networking platform
The show saw 1,300 brands, increase in international attendance and buyers from 145 countries
Vicenzaoro January 2025, the event of reference for the global jewellery industry and the starting point of the sector’s global calendar. The edition not only confirmed last year’s exceptional numbers, it also touched the international dimension record: in fact, foreign visitation – greater than that of Italians – reached the extraordinary participation number of 145 countries from all over the world , with Turkey, the United States, Germany, Spain and Greece in the lead and interesting increases in countries such as North Korea and Australia.

“We have won the internationality challenge,” commented Corrado Peraboni, CEO of Italian ExhibitionGroup, in regard to Vicenzaoro January 2025. “Several years ago, we decided to develop our leading products abroad. A successful strategy that has decisively increased foreign visitation at our most important events in Italy.”



Matteo Farsura, head of IEG’s gold and jewellery division, underlined: “With 1,300 brands and the involvement of the entire jewellery supply chain, from technologies to haute joaillerie, Vicenzaoro confirms its position as a global platform of reference, favouring dialogue among the different segments to meet the needs of the various markets.
US retailers were out in force at the Italian Exhibition Group (IEG) event staged in the Vicenza show. In attendance were buyers from leading companies, such as Macy’s, Neiman Marcus, Saks Off 5th, Ben Bridge Jeweler, Diane Glynn Jewelry, and Manfredi Jewels.







“Vicenzaoro was a fruitful experience where I filled some orders and discovered unique, well-crafted jewelry,” Lisa Vinicur of Pennsylvania-based Diane Glynn Jewelry told Rapaport News. “I specifically sought important pieces like bangles, earrings, necklaces, and rings that are only available in Vicenza, and I’m pleased to say I found them.”
“Although the venue had construction happening, [the organizers] increased the signage to make the show easy to navigate,” said Nina Bruno of Macy’s, based in New York. “We are always shopping for new inspiration in chains. We were pleased to see fresh manipulations in chains and innovative diamond cutting.”








Laura Barringer, Seattle-based senior buyer at Ben Bridge Jeweler, said the brand refilled all of its core selections and resourced and created a new collection it hoped to launch this spring. Managing partner of New York-based Manfredi Jewels Bianca Chiappelloni explained that part of the show’s draw is the ability to access Italian companies in one place. “It’s been beneficial for us to visit with so many of our Italian brands, in most cases seeing a much more complete and fuller showcase of their offerings than we see at some of the shows in the US,” she said
Vicenzaoro was held in conjunction with T.Gold, which showcased the excellence of the sector’s technologies (a T.Gold that, thanks to the Expo Centre’s expansion, will be staged inside the Vicenzaoro areas as of the second half of 2026), and VO Vintage, the fine vintage watch show, and the collaboration with Vicenza Municipality at VIOFF, the experiential off-show event that involved guests from all over the world.








A “rhythm” of business and innovation that never stopsbut continues for twelve months a year in a unicum of Italian Exhibition Group appointments and jewellery & fashion projects all over the world. IEG’s agenda will see OROAREZZO in May, SIJE in Singapore in July, Vicenzaoro September at the end of the summer (and the return of VO’Clock Privé) preceded by the new Vicenza Symposium, the Valenza Jem Forum in October, JGTD Dubai in November, and the Italian Jewellery Summit in Arezzo in December.
JB Insights
India’s Major Retail Jewelers See Double Digit Revenue Growth
Growth Points To Robust Momentum Ahead Of The Crucial Third-Quarter Holiday Season.
India’s major listed jewelers are shrugging off a shift in the traditional holiday shopping calendar, reporting revenue growth between 22% and 28% for the quarter ended September on the back of resilient consumer appetite and higher average customer spending.
Industry giants including Titan Co., Kalyan Jewellers India Ltd., P N Gadgil Jewellers Ltd., and PC Jeweller Ltd. posted broad-based sales gains in business updates to stock exchanges, pointing to robust momentum ahead of the crucial third-quarter holiday season.
The strong second-quarter numbers come despite a calendar quirk: Navratri, the nine-night festival that typically kicks off peak seasonal gold buying, fell in October this year rather than September. That shift is expected to push a significant volume of traditional holiday sales into the quarter ending in December.
Kalyan Jewellers posted a consolidated revenue increase of more than 26% year-over-year, buoyed by a 27% surge in its domestic operations and a 20% rise in same-store sales. Its international operations expanded 18%, while its digital lifestyle arm, Candere, saw sales jump 64%. The company noted that domestic operations maintained strong momentum even against a tough comparison from the year-ago period, when the entire Navratri festival landed in the second quarter.
The revenue growth reflects both steady store expansion and higher ticket sizes. At Tata Group-owned Titan Co., which operates the Tanishq and Zoya brands, total jewelry sales rose approximately 21%.
While buyer volume growth tracked in the mid-single digits, average spend per transaction rose by double digits. Sales of studded, higher-margin jewelry led the way with growth in the low 30s percentage range, outstripping a 20% gain in plain gold items. Titan’s digital-first brand, CaratLane, posted a 32% rise in sales.
Strategically, several retailers are intentionally pivoting away from low-margin bullion toward high-margin studded items and branded pieces. P N Gadgil Jewellers, which logged 22.4% overall revenue growth and a 31.1% gain in its core retail segment, saw e-commerce sales fall sharply by 83.6% after deliberately trimming back online sales of low-margin gold coins.
Consequently, gold coins and bars made up 15.8% of P N Gadgil’s retail revenue during the quarter, down from 23.3% a year earlier—a mix shift executives say will sustain higher profitability.
Meanwhile, Delhi-based PC Jeweller posted a consolidated revenue gain of roughly 28%, citing sustained underlying demand across key urban markets.
With fundamental demand holding firm despite elevated gold prices, market analysts expect the delayed start to the Hindu festive season to set up Indian jewelers for a particularly lucrative December quarter.
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