VicenzaOro January show opens in uncertain global economic climate
VICENZA, Italy, January 20, 2017 – The January 2017 edition of VicenzaOro opened in an uncertain global economic climate amid hope for growth in gold jewellery demand in markets such as the United States, Britain and Germany.
In the first nine months of 2016, global gold consumption was down 27 percent year-on-year, according to VicenzaOro Observatory figures.
While global gold jewellery demand was down 2.7 percent in the same period, it was up 7 percent in the United States, up 3 percent in Britain and up 2 percent in Germany, in tonnage terms.
Sarah Ho wearing her jewellery at VicenzaOro, January 2017
Italian precious jewellery exports edged down to very slightly below 4 billion euros, in the first nine months of 2016, according to figures presented at a press conference on the first day of the show on January 20.
Sarah Ho jewellery
Many analysts expect gold prices to rise in 2017, underpinned by its safe-haven appeal due to an uncertain global economic outlook and concerns over inflation.
The January edition of VicenzaOro is a major show on the international trade calendar, as it is a barometer for jewellery design trends around for world for the new year.
Rodney Rayner at VicenzaOro
Displays of opulent gold jewellery featuring extraordinary colour gemstones abounded.
In the Design Room in Pavilion 7, Sarah Ho presented some extraordinary one-off pieces featuring conch pearls and jade, and Rodney Rayner showed off his popular Bubble collection, which has attracted strong interest lately from clients in the Middle East.
The key themes of the January edition of VicenzaOro included responsible gold, and Corporate Social Responsibility.
Rodney Rayner jewellery The Italian Exhibition Group Spa (IEG), which organises VicenzaOro, received prestigious international recognition in New York on January 12, when it was awarded formal accreditation through CIBJO, the World Jewellery Confederation, and from ECOSOC, the United Nations Economic and Social Council, for promoting and implementing activities relating to Corporate Social Responsibility along the jewellery and precious metal and gemstone supply chain.
IEG is the new trade show company created through the merger between Rimini Fiera and Fiera di Vicenza. It is now Italy’s second largest exhibition group.