The Limited Times

Now you can see non-English news...

"The French market has never done so well": sales of watches and jewelry exploded in 2022


Despite an “uncertain context” linked to rising prices and the war in Ukraine, “the French watchmaking, jewelery and jewelry sector shone with a thousand lights” according to an annual report.

Sales of watches and jewelry jumped 20% in 2022 to reach 7.5 billion euros in France, demonstrating "

exceptional dynamism

" despite an "

uncertain context

" linked to the conflict in Ukraine, the rising energy costs and rising inflation, according to the sector's annual report.

The French watchmaking, jewelry and jewelery industry shone with a thousand lights

” last year, with production reaching 5 billion euros, up 29%, said the professional committee Francexplosion on Wednesday.

2021 had already turned things around and 2022 has brought activity to a record level.

We have never known such historic progress, the French market has never been so well, thanks both to French customers and also to the return of foreign tourists "

last year, welcomes the AFP its general delegate, Hervé Buffet.

With a turnover of 381 million euros, up 12% compared to 2021, watchmaking production (2,968 jobs) experienced "

its best year for 20 years

" - French brands however only capture 2% of sector sales in France.

For its part, the production of jewelery jumped 31% to 4.6 billion euros.

French production of watches and jewelry has thus more than doubled

In five years, from 2018 to 2022, French production of watches and jewelry has more than doubled, from 2.4 to 5 billion euros, which has created more than 2,000 industrial jobs in a sector that is work 14,000 people - for manufacturing alone, which therefore does not include sales and other functions.

After falling to 4.7 billion euros in 2020, against 7.5 billion euros in 2019 - a year of activity inflated by massive exports to the United Kingdom, before Brexit -, exports of watches and jewelery “

returned vigorously

” last year, indicates Francexplosion, to reach 9.5 billion euros in 2022.


After a year 2021 still marked by more or less long administrative closure periods depending on the commercial areas, 2022 returned to more usual patterns, a phenomenon amplified by the return of many tourists", comments Francexplosion


Source: lefigaro

All news articles on 2023-03-29

You may like

Trends 24h

News/Politics 2023-06-07T07:32:21.218Z


© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.