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Asian giants, a threat to jewelry industry

17 Jan '07
1 min read
India and other Asian countries like China and Thailand are rapidly taking over Italy as jewelry giants!

The high labor and production cost in Italy is adversely affecting the gems and jewelry industry.

Once the leading jewelry producing country in the world, is now struggling to compete on a global level.

Products from India are not only cheaper but are also high in quality and variety.

So, today, Italian manufacturers are talking drastic steps to revive themselves.

Emerging trend is collaboration with international fashion players that are especially elite in jewelry and accessories.

Experts believe such ventures will help domestic businesses first-hand access to latest styles and resources to achieve their goals!

Chanel, Gucci, Christian Dior and Versace are some of the names that stand out.
More Fashion News - Italy...

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