German Luxury Jewelers See Profit Boom Despite Gold Rises
Nestled on the edge of the Black Forest, the sleepy-looking town of Pforzheim seems an unlikely place for one of the world's major jewelry and watch centers. Not only are luxury pieces for brands such as Faberge, Chopard, Dior, Cartier, Versace and Tiffany produced here, Pforzheim companies are also responsible for 70 percent of the 1.3 billion euros ($1.9 billion) turned over by Germany's jewelry industry and watch industry.
Pforzheim is also home to Europe's largest jewelry center, the World of Jewelry, where visitors can wander the 4,000 square meters (43,000 square feet) of exhibition and education space and admire some of the world's most exquisite and expensive necklaces, earnings and bracelets.
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