Report From Inhorgenta 2006

Historically, the German jewelry industry has had an emotional connection to the culture of the German people, whose fascination with jewelry as art is well known. For years, sales were fairly predictable in a consistent market, but exhibitors at Inhorgenta Europe 2006, held Feb. 17–20 in Munich, say significant economic changes over the past few years have altered domestic consumers’ psyches. Germany’s reunification, conversion to the euro, deficit growth, and the subsequent drop in consumer confidence all have contributed to a somewhat lackluster marketplace for jewelry. Fine-jewelry sales in Germany have slumped, but new markets opening in both Eastern Europe and farther abroad have rescued many jewelry firms from the economic angst that serving an exclusively German clientele might have caused them. One thing that hasn’t yet become a factor in European jewelry sales is the

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