Key Figures 2025 by the Francéclat Observatory
The HBJ sector figures are out!
The French watchmaking and jewellery industries—both creative sectors—were affected by both the broader economic uncertainties and the somewhat erratic changes in U.S. customs tariffs.
To this general context were added two factors specific to the jewellery sector. On the one hand, the sharp rise in precious metal prices in 2025—gold (+38% in euros), silver (+35%), and platinum (+27%)—a trend that has continued and even accelerated this year (respectively +33%, +123%, and +79% in January 2026). On the other hand, natural diamond prices declined.
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