The UAE is the third major destination for Italian jewellery, with an estimated value of nearly €1 billion in 2023

[Deeq A.]

The UAE is the third major destination for Italian jewellery, with an estimated value of nearly €1 billion in 2023

41 An Italian jewelry manufacturer and designer shines at the Middle East Watch and Jewelery Exhibition

Dubai United Arab Emirates; January 31, 2024: The United Arab Emirates hosts; Which ranks third as the largest destination for Italian jewelry exports, 41 From Italian jewelers as part of the Italian Pavilion in Hall No. 4 at the Middle East Watch and Jewelry Exhibition in its 53rd session. The exhibition continues from January 31 to February 4 at Expo Center Sharjah, and the Italian Pavilion will highlight the leading craftsmen and famous brand designs. “Made in italy” .

This exhibition was organized by the Italian Trade Promotion Office and designed by Artex , in cooperation with the Italian Federation of Small and Medium-sized Handicraft Traders (CNA) This exhibition is in line with the mission of the Italian Ministry of Foreign Affairs to promote the Italian jewelry sector abroad .

The jewelry sector is one of the most important manufacturing sectors of the Italian economy, as well as one of the most export-oriented, with more than 85% of its revenues coming from foreign markets. Italian jewelry pieces with the “Made in Italy” brand shine with the distinguished and dazzling Italian style. Creativity in design, skill of the craftsmen, precision of workmanship, and originality of the products are one of the most important features of this jewelry.

Lorenzo Vanara, the Italian Ambassador to the UAE, said: “We are proud of the brilliant display in the Italian jewelry sector in the Italian pavilion, as the Italian jewelry sector occupies the first place for Italian exports to the Emirates, with a value of nearly one billion euros according to recent statistics. Emirati customers appreciate the quality distinction and exquisite design of the jewelry.” Italian, inspired by the rich Italian heritage and following Italian traditions and manufacturing principles, we are ready to strengthen valuable business relationships, contributing to the continued success of the Italian jewelry industry in the UAE market. ”

For his part, Valerio Soldani, Italian Trade Commissioner and Director of the Italian Trade Promotion Office in the UAE, said: “The course confirms 53 The Middle East Watch and Jewelery Exhibition highlighted the strategic importance of the UAE to the Italian jewelry industry. According to the latest statistics issued by official trade data in October 2023, Italy was classified as the third largest global supplier of jewelry in the UAE market with an export value of… 918 million euros, and a market share estimated at about 9%, Which indicates the great demand for luxury Italian jewelry, according to recent statistics issued by Euromonitor Demand for Italian jewelry increased by 4.8% in 2023. There are positive expectations for an increase in the annual growth rate. “ CAGR ” By +4.7% in the next five years, as this brings greater opportunities for Italian jewelers looking to export to the UAE market and reflects the importance of trade and business relations between the two countries. The Italian pavilion at the 53rd edition of the Middle East Watch and Jewelery Exhibition provides Italian companies with the opportunity to interact with those interested in buying jewelry, visitors, and a customer service base looking for luxury products, while our team in the Italian Trade Promotion Office is ready to provide assistance to Italian companies during and after the exhibition days. , while leaving a positive impact on the commercial level and the follow-up level for their customers.”

Along with the Italian jewelery sector participating at the Middle East Watch & Jewelery Show, the Italian Trade Promotion Office supports a sustainable approach to craft industries under the slogan “Sustainability is SustainabITALY” . “. Italian jewelry exporters adopt a sustainable, ethical and transparent approach to the production and transportation of jewelry, which is in line with global climate goals and the move towards sustainable production practices. .

Qaran News