OROAREZZO CLOSES WITH POSITIVE SIGNS OF REVIVAL IN THE SECTOR
The numbers at this edition of OROAREZZO confirm pre-show expectations.
15,000 visitors with a significant +5% increase in foreign traders (now representing 48% of the total) of which 450 were international hosted buyers from 60 countries hosted with the support of the Ministry for Economic Development and ICE (Italian Trade Agency). Visitors were able to see and admire the high level manufacturing of over 600 brands, mostly Italian, representing all the main Italian gold districts. 75% of the exhibitors were Gold jewellery companies, 13% machinery producers and 12% exhibited in the cash & carry area. Companies especially highlighted an increase in business meetings that ended positively, confirming the favourable climate and recovery after a particularly difficult period for the sector.
On the economic progress front, the Show days at OROAREZZO reaffirmed the awakening moment. 2017 was a year of recovery and the first few months of 2018 confirm and reinforce this trend. Based on findings, processed on Istat figures, published in January by Italian Exhibition Group's Business Strategy Department Gold-Jewellery Sector Observatory and confirmed in April, Italian exports recorded a 12% increase in value for fine and costume jewellery together (12.7% for precious metals alone, which also saw a 6% growth in quantity).