• Categories
  • Archives

Brazil’s Goal: To Export US$ 1 Billion in Jewels

Brazilian jewellery and precious stone exports generated US$ 237 million in the first four months of the year, meaning an increase of 31% in comparison to the same period in 2004.

These figures were published by the Brazilian Institute of Gems and Precious Metals (IBGM).


According to the institute, Brazil currently exports to over 40 countries. The Arab countries, especially the United Arab Emirates and Bahrain, are among the emerging markets that are already among the main destinations for the sector products.


“We are betting on diversification and seeking new opportunities in developing countries,” stated the president of the IBGM, Hécliton Santini Henriques, according to a spokesperson. Among the new markets there are also countries in South America, and Russia.


Just to give an idea, in 2004 the Emirates were in the fifth place among the main Brazilian ruby, sapphire and emerald markets worldwide, in eighth place among the manufactured jewel markets, and in second place in that of cut diamonds. Bahrain, in turn, was the fourth for finished jewels.


Last year, 10 Brazilian companies participated in Jewellery Arabia, which took place in Bahrain, with the support of the IBGM and of the Arab Brazilian Chamber of Commerce (CCAB). They all closed deals. This year the event will take place again between November 8 and 12.


With regard to the performance in the first four months of 2004, Henriques pointed out a 47% increase in the shipping of finished products, like gold jewels, plated jewellery and cosmetic jewellery, which generated US$ 63 million.


“The success of jewel exports is due, among other factors, to the modern design, happiness, color and sensuality, characteristics that have greatly appealed to the taste of many countries,” he declared, always through a spokesperson.


The United States, Switzerland, Israel, Italy and France are also among the main markets for Brazilian products. The IBGM has a target of reaching US$ 1 billion in annual exports next year.


Anba

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

So Rich Brazil, So Many Poor Brazilians!

A few days ago, I thoroughly enjoyed reading the book Lula of Brazil: The ...

Amazon Deforestation Is to Blame for 75% of Brazil’s Air Pollution

Experts and representatives of the federal government indicated the Amazon’s deforestation as the main ...

Petrobras to Invest US$ 18 Billion in Brazil’s Santos Basin

Brazilian state owned oil company Petrobras announced today that it will invest during the ...

Fed Increase Does Not Sway Brazilian Market

Brazilian and Latin American markets appeared relatively calm amid the latest U.S. rate hike. ...

August 1995 Cover Story

Brazilian teenagers and Brazil’s generation X are not different from their counterpart in the ...

Brazil’s Supermarkets on Recovery Path

The real value (discounting inflation) of supermarket sales in February and the first two ...

9 Years of Privatization Bring US$ 5 Bi in Investments to Brazil’s Railways

Brazilian railways transported 178.3 billion ton-kilometers in the third quarter of the year, according ...

Stronger Ties

"This is an exhilarating time in the Brazil-U.S. relationship: a time of change, a ...

Brazil Reaches US$ 19 Billion Deficit for the Year

For January to May, the deficit in current account transactions, the balance between purchase ...