German jewellery and timepiece sales increased by 60 per cent in the last 10 years to reach almost €6 billion last year.
Speaking after the release of the country’s latest jewellery and timepiece sales figures, Klaus Dittrich, chairman and CEO of Messe München, said INHORGENTA MUNICH was the driving force behind the sales increase.
He said the Fair, which attracted 1237 exhibitors and around 30,000 visitors this year and is already “looking similarly strong” for its next edition in February, was the most important German trade show in the area of jewellery and timepieces and was one of the leading shows worldwide.
“The success of INHORGENTA MUNICH not only confirms that a large part of the year’s business is transacted at this show – the trends for the year are set here as well,” he said.
“At the 40th INHORGENTA MUNICH around one third of the trade visitors came from abroad.
“International visitors are of crucial importance to the German market. In addition the quality seal ‘Made in Germany’ meets with a very good response as it stands for a relevant market which is traditionally based on years of experience.”
According to Germany’s Federal Statistical Office, the country’s jewellery and timepiece sales rose from €3.66 billion in the year 2002 to €5.96 billion in 2012.
“Strong growth performances were already attained in the years 2010 and 2011, when turnover from jewellery and timepieces broke through the five billion euro barrier for the first time,” said Dittrich.