The term “high jewelry” is applicable to refer to fine jewelry work, especially distinguished by the refinement of design. And the products of such work are usually performed in one copy (exclusive), they use precious stones of the highest quality. The appraiser must clearly understand that mass-produced products cost much less than hand-made products with rare gems.
Exclusive products are always more expensive because the costs of their production are covered by one consumer, and not shared among many, as is the case with mass production. Continue reading
Italian jewelry is known for its high quality and attention to detail. But this significant and historically important layer of national culture and craftsmanship is under threat. After the boom of the turbulent 1990s, the jewelry manufacturing sector entered a long phase of stagnation, followed by a severe crisis. At present, the industry is giving contradictory signals: although many enterprises continue to shut down, others manage to stay afloat in the dangerous waters of the global recession. But for this they need to go through deep changes and open the doors wide for foreign buyers and investors. Continue reading