High Premium for French Gold Jewelry in Japan
December 12, 05October was an especially good month for French jewelry manufacturers exporting to Japan. While they represented only a minor source of gold jewelry for the
French goods carry a high premium in the recovering Japanese market, which has a growing appetite for branded goods. And the French goods are out performing the Italian goods in price per weight.
Imports of gold jewelry to Japan grew 15 percent in October compared to last year. The country imported 2,786.338 kg (6,143 lb) valued at $83.59 million, an average of $30 per gram.
By comparison, goods imported from the Italian market, an important jewelry center, represented 25.8 and 24.1 percent in weight and value, respectively.
But while imports from
The upward trend of French gold jewelry is not limited to October. The trend has been building over the course of several months. In September,
Since November 2004 exports in weight have been slowly declining, while value has gradually grown. The big exception came in May when by weight imports jumped to an uncharacteristic 19 percent share, pulling up the value to a 31.3 percent share at $23.4 million.
Japanese Imports of French Gold Jewelry 2004-'05 |