Fashion
Global jewellery market valued at €130 billion, Italy overtakes Switzerland
By
Ansa
Published
January 14, 2026
Between 2015 and 2024, global trade in jewellery rose from €97 billion in 2015 to more than €130 billion in 2024. China lost ground, with its share of the global market falling from 23.5% to 15.7%. Italy posted a particularly strong rebound, increasing its share from 5.8% in 2015 to 8% in 2023, and reaching 11.2% in 2024, overtaking Switzerland (a hub for French luxury goods and a transit country for jewellery, including Italian-made pieces) and India. According to the sector report by Mediobanca’s Research Area, this outcome confirms the ability of Made in Italy to showcase design, quality and positioning at the top end of the market.
It should be noted, however, that part of Italy’s surge in 2024 was influenced by the ‘anomalous’ performance of exports to Turkey. As indicated by a note from Confindustria Federorafi’s Study Centre, in the first nine months of 2025 Italian sector exports fell by 15.2% compared with the same period of the previous year.
This pullback, partly a natural correction after the sustained growth of the past three years, is largely attributable to the contraction in exports to Turkey. After extraordinary growth in 2024 (+468.7%), Turkey recorded a sharp decline in 2025 (-52.2% between January and September). Sales to the US also decreased (albeit less than expected), while several leading markets- including the UAE, Switzerland, the UK, Spain, Japan, and China- are showing signs of growth.
There are several reasons for China’s loss of market share: the relocation of production to lower-cost countries (India, Thailand, Indonesia), restrictive US trade policies, and rising domestic demand, which has reduced exports. At the same time, new players have emerged: the UAE has established itself as an international hub thanks to its role as a logistics and tax platform, while Turkey and several South-East Asian countries have gained share thanks to manufacturing competitiveness and their ability to attract investment.
This article is an automatic translation.
Click here to read the original article.
Copyright © 2026 ANSA. All rights reserved.
Nominal GDP, or GDP at current prices, is estimated to grow at 8.6 per cent to reach ₹345.47 trillion in FY26 against ₹318.07 trillion in 2024-25.
India’s real GDP is estimated to grow at 7.6 per cent to ₹322.58 trillion (~$3.54 billion) in FY26 compared to the first revised GDP estimate of ₹299.89 trillion for FY25 (7.1 per cent growth).
It released the new series of annual and quarterly national accounts estimates with FY23 base.
Real GVA is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25.
Real gross value added (GVA) is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25 (a 7.3-per cent growth rate).
Nominal GVA is estimated to grow at 8.7 per cent to hit ₹313.61 trillion during FY26, against ₹288.54 lakh crore in 2024-25.
Robust economic performance in FY26 is primarily on account of robust real growth observed in the second quarter (8.4 per cent) and third quarter (7.8 per cent).
The manufacturing sector has been the major driver of resilient performance of the economy the consecutive three fiscals after rebasing, a release from the ministry said.
Both private final consumption expenditure and grossed fixed capital formation exhibited more than 7-per cent growth rate in FY26.
Fibre2Fashion News Desk (DS)
The transition marks the formal handover of executive leadership to President and CEO Keun-Chang (Kevin) Yoon, reinforcing management continuity while preserving the founder’s long-term strategic vision.
Misto Holdings founder Gene Yoon has transitioned to honorary chairman in a planned leadership succession, formally handing executive control to president and CEO Kevin Yoon.
The founder, who expanded the group through the FILA global trademark acquisition and the takeover of Acushnet, will continue guiding long-term strategy as the rebranded Misto focuses on governance and sustainable growth.
Gene Yoon founded the business that would become Misto Holdings in the early 1990s, introducing the FILA brand to the Korean market and later leading a series of transformative transactions. In 2007, the company acquired the global FILA trademark rights through a leveraged buyout, followed by the 2011 acquisition of Acushnet Company, owner of the Titleist and FootJoy brands. The transaction was among the largest cross-border deals in Korea’s consumer sector at the time and significantly expanded the group’s global footprint.
Under his leadership, the company evolved into a multi-brand global portfolio spanning sportswear, golf equipment and apparel, generating approximately USD 3.08 billion in annual revenue.
As Honorary Chairman, Gene Yoon will remain closely engaged with the company, providing guidance on long-term strategy and global portfolio development while supporting management from a broader strategic perspective.
The leadership transition marks a new chapter under President and CEO Kevin Yoon, who has spent nearly two decades in senior roles across the group’s global operations, building deep operational and strategic expertise.
The company’s 2025 rebranding to “Misto” underscores its evolution into a global brand house focused on disciplined capital allocation, enhanced shareholder returns and sustainable long-term growth.
“Building on the founder’s legacy, our priority is to expand our global portfolio, strengthen governance and deliver sustainable value creation,” said Kevin Yoon, President and CEO of Misto Holdings.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
College basketball star suspended by team for spitting toward opposing fan
Kelly Osbourne attends BRITs with mom Sharon as late dad Ozzy is honoured
Al Jazeera broadcast interrupted by emergency missile alert in Qatar
-
Tech1 week agoA $10K Bounty Awaits Anyone Who Can Hack Ring Cameras to Stop Sharing Data With Amazon
-
Business1 week agoUS Top Court Blocks Trump’s Tariff Orders: Does It Mean Zero Duties For Indian Goods?
-
Fashion1 week agoICE cotton ticks higher on crude oil rally
-
Business1 week agoEye-popping rise in one year: Betting on just gold and silver for long-term wealth creation? Think again! – The Times of India
-
Entertainment1 week agoThe White Lotus” creator Mike White reflects on his time on “Survivor
-
Politics1 week agoPakistan carries out precision strikes on seven militant hideouts in Afghanistan
-
Sports1 week agoBrett Favre blasts NFL for no longer appealing to ‘true’ fans: ‘There’s been a slight shift’
-
Fashion1 week agoClimate risks could impact fashion industry by 34% in 2030: Aii