Shaking Off the World’s Worries, Jewelry Focuses on Growth

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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