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 S&P 500 Hits 20th Record Record High in 2024 READ MORE NYSE Glitch Shows Berkshire Hathaway Down 99%, Trading Halted READ MORE Triple Threat: U.S. Stocks, Gold, and Dollar Defy Economic Logic READ MORE Precious Metals "Red Hot" Rally Set to Continue, Say Strategists READ MORE Oil Prices Reach 8-Week Highs: U.S. Stockpile Drop and China's Stimulus Fuel Surge READ MORE Add a Comment Cancel replyYour email address will not be published.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