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VICENZAORO, THE "GOLD FAIR"


Vicenza Oro Rome - (Adnkronos Multimedia) - Exports are up by 13%, a figure set to rise to over 15% by the end of 2004. This is the important piece of news we would like to announce on the eve of Vicenzaoro 1 (www.vicenzaoro.org), the great international gold jewellery show being held in Vicenza from 16 to 23 January 2005, at the same time as Oromacchine, dedicated to the sector of gold jewellery manufacturing systems, and Orogemma, the forum for the retail distribution of Italian and foreign jewellery.

In effect, the foreign sales of Italian jewellery have begun to benefit from the recovery of world trade. The upturn has not however so far made it possible to recoup the losses made in the 2001 - 2003 period. The data produced by the Vicenza Trade Fair indicate that exports of gold jewellery, which began to make a recovery in early spring (to such a degree that an annual increase of 5.9 percent was recorded in the first half of the year), reported consolidated results in the first seven months of 2004 with an even greater increase - 13.4 percent up on the same period last year.
Nevertheless, levels are still about a third lower than those achieved in 2000.

As far as regards the destinations of the exports, the figures show high levels of Italian sales to the US, moreover achieved in a climate in which the dynamics of private consumption are uncertain and American families are beset by high levels of financial debt. Gold jewellery exports in Europe seemed in general to be on the road to recovery. Sales have in fact increased in, amongst others, France, Switzerland, the United Kingdom, Spain, Germany, Turkey, Greece, Portugal and Austria. There were however also cases of markets still caught in a downward trend, such as Belgium, the Netherlands and Poland. In Asia, we saw the exceptional expansion of sales in China continue (+93.2 percent), along with those in Hong Kong (+10.1 percent) and Japan.

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