

Wide-spanning confidence. Europe’s high-income consumers are set to recover spending the quickest, BUT middle-income consumers are not so far behind.
BUT! Tough competition. Branded fine jewellery is expected to grow significantly in Europe, forecast at 5-9% CAGR (2019-2025). This exceeds branded sales growth in US and is 2nd only to Asia.
Source: McKinsey & Co
Source: McKinsey & Co
A 35% increase in the average unit value of fine jewellery ordered online in Europe was recorded in 2020, according to exclusive Adobe Analytics data.
LVMH sales up 138% y/y in Q1 2021 in part due to recent acquisition of Tiffany& Co.
Antwerp rough diamond sales up 25% y/y in 2021
Chanel growing double digit in 2021 versus 2019
“The strongest markets have been Saudi Arabia, Qatar and the United Arab Emirates.”
Repossi
“The Middle East has seen incredible growth over the past year, and we see this continuing in 2021.”
Global e-commerce site MatchesFashion.com
“Giordini exports 95% to the Arabian world (Dubai is the distribution hub for North Africa and the Arab countries). Africa will be the future of jewellery.”
Giordini
14/02/2022