In 2022, the watch and jewelry sector had a record year. This was despite the war in Ukraine, rising energy costs and inflation.
A year of gold (and diamonds)! Sales of watches and jewelry jumped by 20% in 2022, reaching 7.5 billion euros. This shows the excellent dynamism of the sector, despite the complicated economic and geopolitical context.
According to the professional committee Francéclat, the two sectors have “shone brightly” last year, with a peak of 5 billion euros reached for production, up 29%.
For both sectors, 2021 had already been a good year, but 2022 is proving to be even better, with historic productions. According to Hervé Buffet, deputy director of Francéclat, “the French market has never been in better shape“. And this, thanks to the French clientele as well as the return of tourists, great consumers of timepieces and jewelry.
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