Luxury Jewellery and Timepieces in Romania - New Market Report
The Romanian luxury jewellery and timepieces market was one of the most affected by the economic crisis, consequently being the last to recover. While it decreased at a constant historic CAGR of 3%, in 2012, the value market contracted by 1% in constant terms, reaching sales of RON71 million. However, the recession and the soaring price of gold affected the luxury jewellery market to a less extent than the sales of medium priced jewellery.
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