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Jewelry sales in France decreased 1.5%

18 february 2009

French 2008 jewelry sales dropped 1.5% compared with the previous year due to the global financial and economic crisis, according to the annual report of the Professional Committee in Support of Watches, Jewelry, Gold and Silver Ware and Cutlery.

The report says that last year in France there were sold a total of 65 million jewelry pieces against 66 million in 2007.

During one year, average jewelry prices dropped 1.7% down to €59.

According to the committee, in France total jewelry sales in 2008 reached €1.7 billion (before taxes) of which ?1.2 were generated by gold jewelry sales.

Switzerland, Great Britain, Japan and the United States are the major importers of French-made gem jewelry.

Alex Shishlo, Rough&Polished European Bureau Editor in Brussels