Houses like Bulgari, Cartier and Prada are expanding their factories and adding new product lines.
At first glance, the factors unsettling the economic outlook for 2023 — rising inflation, looming recession and the war in Ukraine — seem like harbingers of doom for the high-end jewelry business.
But among luxury jewelry brands, optimism has never been higher. How else to explain why Bulgari and Cartier are expanding jewelry factories and opening new ones, Tiffany & Company is on a retail renovation spree and Prada just introduced its first fine jewelry collection?
“Of course these brands don’t plan just for next year; they plan for the next 10 years,” Federica Levato, a senior
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