(Finance) – Opens tomorrow Vicenzaoro September 2024 – The Jewelery Boutique Showthe international goldsmith and jewellery event organised by Italian Exhibition Groupready to welcome the global precious metals community back to the Vicenza trade fair center from tomorrow to Tuesday 10 September. In the year of the celebrations of 70 years of history that make Vicenzaoro the longest-running event in the sector in the world, the Show will see 1,200 exhibitors as protagonists at the IEG trade fair center in Vicenza, 40 percent of which are foreign from 35 countries, with Turkey, China, Hong Kong, Germany, Thailand, Belgium in the lead.
A business hub for industry operators from all over the world, Vicenzaoro will host over 450 buyers thanks to the incoming program of ICE Agency and of the Ministry of Foreign Affairs and International Cooperationcoming from 60 countries with the United States, the Emirates, China and Spain and France leading the way for Europe.
The event will present itself with a layout renewed as a result of the construction work on the new 22,000 m2 pavilion that will be ready in the first half of 2026: the installation of three temporary halls and the implementation of a new ring navigation system will guarantee zero impact on the visitor experience, thanks to a concept that maintains the format of the Jewellery Boutique Show and that articulates the exhibition offering on the basis of product categories.
In parallel, until Sunday 8th, the opening of VO’Clock Privéthe IEG lounge dedicated to contemporary watchmaking that will welcome enthusiasts, experts and collectors until Sunday 8 September, with free entry upon registration, with an immersive experience in the universe of timepieces with the big names in the sector.
There inauguration ceremonywhich will take place at 11:30 at the fair at the Palladio Theatre, will open with greetings on stage from the president of IEG Maurizio Hermesfollowed by the mayor of Vicenza James May I ever and by the President of the Province of Vicenza Andrea Nardin. The opening will then see speeches by Claudia Piaserico, president of Federorafi, representing all the national associations in the gold sector, by Matteo Zoppas, president of ICE Agency, Fabrizio Lobasso, deputy director general for the Promotion of the Country System and central director for economic internationalization of the MAECI and by the president of the Veneto Region Luca Zaia.
A reference business square for the precious metals market in Europe, Vicenzaoro September is above all the “trend show”, with the top brands of high-end jewellery, new collections, goldsmiths with the best of Made in Italy production from the main national manufacturing districts and international excellence. And it is also a place of networking global, trends, innovation, information and training, thanks to its decades-long ability to read market signals, anticipate changes in customs and consumption. Ability that in the September edition of the event finds its peak in the presentation of the Trendbook edited by Trendvision Jewellery + Forecasting, IEG’s independent Observatory: appointment on Sunday morning at the Palladio Theatre.
According to the processing of ISTAT data Confindustria Federorafi Study Centerin the first five months of 2024 the trend of the last quarter of last year continues for the gold-silver-jewelry sector on international markets. Exports are growing very strongly: supported not only by increases in precious metal prices, but above all by Turkey’s performance. From January to May, exports of precious metals recorded an increase of +59.2 percent, for a total of 6.934 billion euros.
Up 83.4 percent (+ 2.729 billion) trade balance sector in the first five months of 2024, equal to 6 billion euros, compared to the corresponding period of 2023. Volumes also grew, albeit more modestly: +14.0 percent in the five months. While growth by geographical areas or countries shows a less lively average growth for the EU of 12.5 percent, contributing to absorbing 18.9% of exports. The non-EU area, with an incidence equal to 81.1% of the total, shows an average variation of +76.3%, approximately 17 percentage points above average.
On the performance of the area extra-EUhas a decisive impact on the trend recorded by the Türkiyewhich rose to first place from fifth in 2023. Italian exports to Turkey over the five months recorded a variation of +721.3% (attributable to wearable jewelry), reaching 37.9% of the sector’s exports for the period. This evolution can be traced back to the search for new routes due to the Russian-Ukrainian conflict, the increase in duties and local taxation on gold which encouraged Turkish operators to import semi-finished or finished products, as confirmed by the analyses of the World Gold Council. In second place are United States grow by +2.6% compared to the same period in 2023. In third place are the United Arab Emirates which show a variation of +15.7%.