Towards "modest" jewelry production - The global value of gold influences consumer desire to save
Italian goldsmiths are reworking jewelry as the value of gold increases, reaching out to price-conscious buyers.
The price of gold rose to nearly $5,600, more than double a year ago, as geopolitical concerns and anxiety over trade pushed investors toward the safe-haven asset.
Political tensions are putting undue pressure on small artisans as they face growing demands from clients, including international brands, to produce cheaper items, from designer jewelry to wedding rings, according to interviews with independent Italian jewelers.
"The main question I've heard in recent months is whether I can produce something lighter while still looking the same," said Massimo Lucchetta, an independent goldsmith who makes items for shops in Vicenza, Italy's main gold processing center.
Another option for manufacturers is to recover and reuse recyclable metals from their production lines. However, using recycled or resold gold is almost impossible because it can be difficult to certify its origin.
Italy accounted for 11.2% of the $130 billion global jewelry market in 2024, according to a recent study by Mediobanca. Also, over 6,800 international companies operate in the gold, silver and jewelry industry in Italy.
However, demand for gold jewelry is expected to continue, as consumers see it as a store of value and derive pleasure from personal use.
Is Albania ready for elite tourism? - Liçaj: It will be a reality within a decade, investments are needed
Tourism has become one of the most important sectors for the country's economy and development, consolidating itself as one of the main engines of economic......
Tackling energy poverty - Increasing investments in building insulation and efficient equipment for vulnerable households
The Economic Reform Program 2026 – 2028 foresees the implementation of policies to address energy poverty and care for vulnerable consumers. According to......
Trump picks Kevin Warsh to head the Fed - Silver falls 28%, the worst day since March 1980
US President Donald Trump has nominated Kevin Warsh to succeed Jerome Powell as head of the Federal Reserve, ending a protracted odyssey that has roiled the......
UN, risk of financial collapse from unpaid fees - Secretary Guterres: Members must respect deadlines for obligations
UN Secretary-General Antonio Guterres warned that the organization is at risk of "imminent financial collapse," citing unpaid fees and a budget rule that......
What are the weak points of construction? - From declaring prices below reference, to "hidden" surfaces
The tax administration has conducted an analysis of the construction sector to highlight weaknesses, which will also be at the center of the anti-informality......
Canada, Aviation Industry under US Pressure - President Trump: 50% Import Tariff and Aircraft Decertification
US President Donald Trump will not accept the certification of Canadian aircraft, Bombardier Global Express, thus threatening 50% import tariffs on all......
Tregu i sigurimeve në zgjerim, rritja e përgjithshme në 2025 mbi 10 për qind
Në vitin 2025 tregu shqiptar i sigurimeve është zgjeruar me më shumë se 10 për qind. Kjo del nga statistikat e publikuara sot nga Autoritetit të Mbikëqyrjes......
Minister Salla in Divjaka: Following requests, the support plan for farmers is being reviewed
At the meeting with farmers in Divjaka for the National Scheme 2026, attended by Prime Minister Edi Rama, Deputy Prime Minister Belinda Balluku and Minister......
