Italian Jewelry Exports Soar on Turkish Gold Demand A significant increase in Turkish demand for gold, driven by high inflation, has boosted Italian jewelry exports from Tuscany’s Arezzo district by 133% in the first quarter of the year compared to 2023, according to a report by Intesa Sanpaolo. This surge in jewelry exports, totaling 1.8 billion euros, offsets a 23% decline in leather goods exports from the nearby Florence area, which has been affected by a global slowdown in luxury goods demand. The demand for gold, seen as a hedge against inflation, has also benefited other Italian jewelry districts. Meanwhile, Tuscan olive oil exports rose by 72%, despite an overall 1.1% decrease in exports from Italy’s industrial districts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Mortgage Rate Decline Prompts Spike in Refinancing Applications READ MORE Gold Recovers After Fed Decision Golds Interest Rates Steady READ MORE Stronger Jobs Data Triggers Over 2% Decline in Gold Prices READ MORE Fed Rate Cut Expectations Drive 30-Year Mortgage Rates Down to 6.35% READ MORE Emergency Efforts Underway to Rescue 13 Miners in Russian Gold Mine READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment