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A year of gold (and diamonds)! Sales of watches and jewelry jumped by 20% in 2022<\/strong>, reaching 7.5 billion euros. This shows the excellent dynamism of the sector, despite the complicated economic and geopolitical context.<\/p>\n <\/p>\n According to the professional committee Franc\u00e9clat<\/strong>, the two sectors have “shone brightly<\/em>” last year, with a peak of 5 billion euros reached for production, up 29%.<\/p>\n <\/p>\n For both sectors, 2021 had already been a good year, but 2022 is proving to be even better<\/strong>, with historic productions. According to Herv\u00e9 Buffet, deputy director of Franc\u00e9clat<\/strong>, “the French market has never been in better shape<\/em>“. And this, thanks to the French clientele as well as the return of tourists, great consumers of timepieces and jewelry.<\/p>\n <\/p>\n With sales of 381 million euros, up 12%, watch production had its best year in 20 years. However, French brands represent only 2% of sales in the sector in France. Jewelry production jumped 31% to 4.6 billion euros.<\/p>\n <\/p>\n In five years, French watch and jewelry production has more than doubled<\/strong>, from 2.4 to 5 billion euros. This growth has led to the recruitment of more than 2,000 new employees, in a sector that employs 14,000 people (only for production).<\/p>\n <\/p>\n “To produce more and develop, brands need more components and in jewelry, there is a hypergrowth mainly driven by the houses of the Place Vend\u00f4me -Cartier, Van Cleef & Arpels, Dior, Chanel, Hermes … – which are on the rise<\/em>,” said Herv\u00e9 Buffet.<\/p>\n <\/p>\n After falling to 4.7 billion euros in 2020, compared to 7.5 billion in 2019, a year inflated by massive exports to the United Kingdom just before the Brexit, exports of watches and jewelry are back on the rise according to Franc\u00e9clat: “After a year 2021 still marked by periods of administrative closure more or less long depending on the commercial surfaces, 2022 returned to more usual patterns.<\/em>”<\/p>\n <\/p>\n Two sectors that are starting up again, despite situations marked by economic problems. Will they be able to maintain such a spectacular pace in 2023?<\/p>\n <\/p>\n Read also >Swiss watchmaking: when China wakes up\u2026<\/a><\/p>\n