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Tuesday, 13th December 2005 (5719 views)

French gold jewellery exports to Japan were outstanding in October, reports the International Diamond Exchange (IDEX).

Jewellery arriving from France accounted for a quarter of all Japan's gold jewellery imports and had a value of $21.035 million, representing a dramatic 23.8 per cent rise on this time last year.

While French imports to the Japanese market have witnessed a significant rise in value terms, they have plummeted by over 30 per cent in terms of weight in comparison to last year.

Nevertheless, France has fared much better than competitor Italy, which saw a 16.6 per cent decline in the value of its gold jewellery exports to Japan.

In October Japan imported 2,786.338 kg of gold jewellery with an estimated value of $83.59 million, averaging $30 a gram.

As gold prices continue their spiral of growth, the Japanese market and its newfound penchant for branded goods could well see a further rise in the value of gold jewellery imports.

 

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