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EU Jewellery Industry Sees Modest Growth in 2023

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Although Italy remains the leader in the EU’s jewellery sector, smaller nations like Croatia and Ireland have made impressive strides with significant production increases.

In 2023, the European Union’s jewellery industry reached a production value of €4.363 billion, reflecting a modest 1% increase from €4.321 billion the previous year.

Italy, renowned for its craftsmanship, maintained its dominant position with a production worth €1.559 billion, representing 36% of the EU’s total output.

Close behind was France, at €1.444 billion (33%), while Germany trailed with €507 million (12%).

However, not all nations followed the same trajectory. Croatia, the Czech Republic, and Ireland saw remarkable growth, with jewellery production rising by 26%, 25%, and 20%, respectively.

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On the other hand, Lithuania, Latvia, and Italy faced declines—most notably in Italy, where output dropped by 8%.

As the EU’s jewellery sector embraces both steady giants and emerging players, its diverse mix of traditional and modern artistry continues to captivate global markets, proving that even in a competitive industry, there is room for fresh brilliance.

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