With the Vienna Convention, fewer barriers to exports for Made in Italy jewelery – Il Giornale delle PMI
Italy will adhere to the Vienna Convention and this will translate into lower export burdens and barriers for the 7,500 Italian companies in the goldsmith sector.
In fact, on 16 September last, the Council of Ministers approved the bill for the adhesion of the Italian Republic to the Convention on the control and marking of objects in precious metals made in Vienna on 15 November 1972.
With this act, the legislative process that will lead Italy, after a journey of about 10 years, to the final act of ratification of the Vienna Convention is launched.
Italy will be the 22nd member country together with Austria, Croatia, Cyprus, Czech Republic, Denmark, Finland, Hungary, Ireland, Israel, Latvia, Lithuania, Netherlands, Norway, Poland, Portugal, United Kingdom, Serbia, Slovakia, Slovenia , Sweden and Switzerland.
The Convention that our country is preparing to sign is an important instrument for simplifying customs procedures. Through the certification on compliance with the technical standards provided for by the Convention, the adhering States allow the free placing on their market of goldsmith products without further checks or branding.
In the bill ratifying Italy’s accession to the Vienna Convention, art. 4, that the Common Control Mark is affixed, for Italy, by the Assay Offices of the Chamber System.
The Chambers of Commerce of the three goldsmith districts of Alessandria, Arezzo and Vicenza, which will be designated pursuant to Article 5 of the Convention, have been working for some time for the marking service for, as soon as companies become operational, the accession of Italy. The identification mark of the Italian production is that of Italia Turrita: a distinctive sign of Made in Italy in the world.
The Italian goldsmith sector is heavily concentrated on exports: 80% of the turnover of goldsmith companies derives from exports. Most of the approximately 7,500 gold firms are concentrated in the districts of Alessandria, Arezzo and Vicenza. 77.4% of the value of export turnover is concentrated in the three provinces (Alessandria 30.6% of the turnover achieved by approximately 270 companies, Arezzo 27.6% of the turnover achieved by approximately 440 companies, Vicenza 19.2% of the turnover made by about 270 companies).