The overall turnover of companies operating in the Romanian watch and jewelry market increased by 6% compared to 2022 and by 187% against 2014, up to a record level of 2.8 billion RON in 2023, reads an analysis by KeysFin, based on data from the Ministry of Finance."Despite the slowdown in the growth rate, we estimate the stabilization of the turnover on this market around the 3 billion RON threshold in 2024. In the medium term, the Romanian watch and jewelry market is evolving in three major directions: the growing demand for luxury and personalized pieces, the integration of digital innovations into classic models and the growth of online sales, driven by interactive experiences and augmented reality," said Diana Florescu, KeysFin economic analyst, quoted in the analysis.According to the study, a record number of 1,750 companies were active in the local watch and jewelry market, 8% more than in 2022 and 39% above the level in 2014. By sub-segments, 30% of these declared jewelry production as their main field of activity to the Ministry of Finance, but they generated only 11% of the turnover and 10% of the market's net result in 2023.B&B Collection (a company running 100% on local capital that manages, in addition to its own brand, Splend'or, Kultho and Be in time) remains the market leader after the largest annual nominal advance of 60 million RON and the second annual percentage increase in the top 5 of 11.5%, to almost 583 million RON in 2023.Teilor (a company that is indirectly owned by Romanian shareholders through Teilor Holding) remains in the second position, with a turnover of almost 266 million RON in 2023, followed by Pandora Jewelry Romania, a company running 100% on Polish capital, which in 2023 surpassed Chronolink (a company with Cypriot shareholding, official Rolex and Tudor distributor) and Irinik (owner of the Sabrini brand) with 87 million, 84 million and 77 million RON respectively in 2023.The five largest companies in the industry have accumulated business of over one billion RON, representing 39% of the total."The net result recorded by companies in the local watch and jewelry market decreased from the record level of 249 million RON in 2022, by 5% to 236 million RON in 2023. The net result remains 6 times higher in 2023 compared to 2014," the analysis shows.With a portfolio of over 700 clients, local and multinational companies, KeysFin is one of the most important providers of business information solutions in Romania. KeysFin also owns the KeysFinder application, through which users can easily and quickly access financial statements, indicators and legal information from over 5 million economic entities in Romania, directly from their mobile phone.
More than 2 out of 3 Romanian consumers do not return for a second purchase, according to the new Customer Loyalty Index, a comprehensive analysis based on aggregated data from campaigns and authored by White Image, the oldest email marketing company in Romania. The Index analyzes the post-purchase behavior of Romanian consumers and highlights major […]
Fashion retailer Primark announced major plans to expand its presence in Romania, confirming four new store openings for 2026. This will double its presence in the market and create over 450 new jobs. The announcement arrived at an important moment for the company, which marked three years since the opening of its first Romanian store […]
Romania’s National Road Investment Company (CNIR) awarded on Tuesday, December 16, the contract for the design and construction of the Bacău–Piatra Neamț express road to a Romanian–Bulgarian consortium. The value of the contract is RON 5.17 billion (some EUR 1 billion), excluding VAT, and its signing will take place if no appeals are filed. The […]
Romania will host its first mixed team European Judo Championship in 2027, according to the Romanian Judo Federation. The competition will take place at a key moment in the Olympic cycle, when the points earned will directly influence world rankings and qualification for the Olympic Games, according to FR Judo. The event will...
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
