In March there was still Optimism among the jewelers despite the first ads of the US president.Donald Trump, on the imposition of rates. However, once the action was completed, on April 2 in the “Liberation Day”, this item “lost the brightness.”
Rocío Mantilla, president of the Jewelry and Owling Committee of Exporters Association (Adex)commented to Management That orders from the United States are reduced as the course of the commercial war will be defined.
“All exporters (of jewelry) with which I have talked live this situation: orders have been paralyzed or they have been completely canceled. Even some who were already producing have been asked to stop such production while waiting for the situation to be composed ”Mantilla mentioned this newspaper.
It should be remembered that Peru exports to the world in jewelry, About 90% goes to the United States.
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Of the 12 companies dedicated to this, at least about 4 or 5 – all SALE partners – concentrate 90% of shipments to the North American country.
“What we sell are the most are charms, chains, bracelets, 10 and 14 gold rings (carats). That is what we most export to the world, especially to the United States. We are talking about industrialized jewelry”he pointed out.
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Juan Carlos Uceda, Manager of Administration and Finance in Arintells the attacks that the company lives in the context described above. This month, he said with concern, the company has sent only US $ 60,000 when in a similar month last year added US $ 3 million. “Orders, being the end of April, are still slowed down”he said.
“If the current commercial stage is maintained with the United States, in the coming months the exports of jewelry, without exaggeration, will fall around 90%. In 2024, as a jeweler, we have exported US $ 197 million, and this year it will fall by US $ 177 million. This, even more, if – in addition – the price of gold continues to increase”he pointed out.
Mantilla, from Adex, also believes that this will be the fall this year: a 90%setback.
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Uceda stressed that this week they will be traveling to the United States to meet with their clients in order to define a strategy on a stage like now: uncertainty.
Arin had as part of his investment plan for this year to reach US $ 1 million. So far they have already invested half, but the remaining is still in doubt.
After the United States, but quite distant, they are as a destination for national jewels Mexico, Chile and Spain.
While Mantilla and Uceda said they are reinforcing other spaces beyond North America, replacing that destination is not a possibility in a short or medium term.
EDITOR OF ECONOMY AND COORDINATOR OF ESG of the newspaper Management. Bachelor of Communication Sciences. With almost 10 years of professional experience in the field.
