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 Dow's 900-Point Plunge and Fear Gauge Surge Signal Golden Opportunities for Investors READ MORE Affordability Crisis Hits Feminine Care: Sales Drop as Prices Surge READ MORE Interest Rate Outlook: Fed Plans Cautious Cuts After Inflation Assessment READ MORE What is a Goldback? How and Where to Buy Goldbacks in The United States READ MORE African Nations Intensify Efforts Against Speculative Currency Trading READ MORE Add a Comment Cancel replyYour email address will not be published.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