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French Jewellery scores over Italian Jewellery in Japan
Japanese markets witness more then quarter imports of gold jewellery from Japan
By: Diamond World News Service
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Dec 14 2005 12:00AM
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Reference: 189  

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French jewellery manufacturers saw good profits from Japanese exports for the month of October. They were a minor source of gold jewellery but represented a quarter of total imports in terms of value. The Japanese market is demanding branded goods and French goods are winning over the Italian goods in price per weight.

Imports of gold jewellery to Japan grew 15% 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. 144.781 kg of the goods in October, represented 5.2 % of total imports during the month were sourced from France. The figures stated 25.2 % of total imports at $21.035 million in value which was a quarter of the imports. Goods imported from the Italian market, represented 25.8% and 24.1% in weight and value, respectively.

French exports to Japan saw a boost of 28.3% where as Italian markets saw the value of their goods decline 16.6%. However the imports from France and Italy declined in weight over 30% as compared to last year. The trend of increasing exports from France to Japan has been building over the course of several months. In September, France exported 115.185 kg representing 6.7% of total Japanese gold jewellery imports, worth $11.417 million; a 22.6% share of imports during that month. November 2004 saw exports in weight slowly declining, while value has gradually grown. The only exception was May 2005 when by weight imports jumped to 19% pulling up the value to a 31.3% at $23.4 million.

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