Key takeaways
- Peru's jewelry exports doubled to a record US$197M in 2024, up 103.7%, driven almost entirely by gold pieces (95.3% of value) as metal prices and a 2023 raw-material rule lifted shipments.
- The base is strikingly concentrated and thin at the same time: just 174 exporting firms in 2024, where a single company, Arin, held about 75% of all exported value (around US$148.5M of US$197M), with New Fashion Peru and DeOro next, so the supplier you pick defines your outcome.
- Below the few scale exporters sits a deep bench of artisan goldsmiths and filigree workshops with uneven capacity, compliance, and consistency, which is exactly where on-the-ground vetting separates a reliable partner from a risk.
A record export year hides how thin and uneven the supply base really is
On paper, Peru looks like an easy place to buy jewelry. Exports doubled to a record US$197 million in 2024, up 103.7 percent in a single year, and gold pieces alone reached US$187.8 million. For a foreign buyer scanning the market from abroad, the growth curve reads like depth and reliability.
It is not. The same year, the entire country shipped through just 174 exporting firms, five fewer than the year before, and the top of that list is extraordinarily concentrated. In 2024 one company, Arin, accounted for about 75 percent of all exported value, roughly US$148.5 million, with New Fashion Peru and DeOro a distant second and third. The headline number is real, but it is carried by a handful of names, not a broad, interchangeable supplier pool.
Below those few scale players sits the part most catalogs never show: a long tail of artisan goldsmiths and filigree workshops with genuine craft but highly uneven capacity, documentation, and consistency. Pick the wrong one and you inherit delays, karat and weight disputes, and compliance gaps. The risk is not Peru as a country, it is which workshop you actually contract.
Peru's jewelry exports are volatile, and 2024 broke the prior record by nearly 55 percent
2020 pandemic trough; 2024 is the first year above the 2018 peak.
2024 jump driven by gold prices plus easier raw-material access (DS 214-2023-EF).
Source: Peru Sourcing Partners analysis
Why Peru is worth the work: world-class metal, real craft, under-leveraged value-add
Peru sits on the raw material almost no jewelry-exporting country can match. It is the 9th largest gold producer in the world, with 136.9 metric tons in 2024, and a top-three silver producer. The metal is here, close to the bench, which is precisely why a 2023 rule easing access to gold as a jewelry input helped exports more than double the following year.
Yet Peru ranks only 37th as a gold jewelry exporter, with a 0.15 percent share of world trade, and 48th in silver jewelry. That gap between mining rank and finished-goods rank is the opportunity. It means there is real, under-leveraged value-add capacity, including the country's distinctive filigree tradition, that has not yet been consolidated into a handful of large factories.
For a buyer, that is the upside of fragmentation. The craftsmanship and the metal exist; what is missing is a curated, verified path to the right workshop for your karat, your design language, and your volume. The supply is fragmented enough that price and quality vary widely between two firms making nominally the same ring, which rewards buyers who select deliberately instead of defaulting to the one obvious name.
Gold dominates the basket; silver and costume pieces are rounding errors
Gold is 95.3% of total jewelry export value.
A Peru jewelry program is, in practice, a gold-piece program.
Source: Peru Sourcing Partners analysis
The buyer's edge is a vetted shortlist, not a single default supplier
Because the base is both concentrated at the top and fragmented below, the highest-leverage decision you make is supplier selection, before a single sample ships. Roughly 93 percent of Peru's jewelry went to the United States in 2024, which means most of the visible activity is one corridor and a few firms. Whether that fits your program, or whether a smaller, hungrier workshop serves you better, is a vetting question, not a search-volume question.
Vetting here means verifying the things a website cannot: actual karat and assay consistency, true production capacity versus claimed, gold sourcing and documentation, export track record, and whether the workshop can hold a design and a delivery date across repeat orders. In a base of 174 exporters plus a deep artisan tail, that diligence is the difference between a one-off and a supplier you can scale with.
That is exactly the work to commission before you commit. Rather than cold-emailing the same few names everyone finds, start from a vetted shortlist matched to your karat, design, and volume, with each workshop checked on the ground. Request a vetted shortlist of Peruvian goldsmiths and filigree producers, and buy from the right bench, not just from Peru.
Almost every Peruvian jewelry shipment goes to one market, so corridor fit matters
US share is around 88 to 93 percent across both periods.
A 10% US tariff from April 2025 is reshaping volumes, raising the value of corridor and supplier diligence.
Source: Peru Sourcing Partners analysis
One firm carries the headline: Arin alone was three-quarters of export value, the rest is a long tail
Three firms account for roughly 95 percent of value; the other 171 exporters split the rest.
Defaulting to the single obvious name is not the same as choosing the right bench for your karat, design, and volume.
Source: Peru Sourcing Partners analysis
Get a vetted shortlist of Peruvian goldsmiths and filigree workshops matched to your program
Tell us your karat, design language, and order volume, and we will return a shortlist of verified Peruvian jewelry and filigree producers, each checked on the ground for karat and assay consistency, real production capacity, gold sourcing and documentation, and export track record. You buy from the right bench, not just from Peru.
Request an introductionCommon questions
How big is Peru's gold and silver jewelry export sector right now?
Peru shipped a record US$197 million in jewelry in 2024, more than double the US$96.7 million of 2023. Gold pieces made up 95.3 percent of that value, with silver and costume jewelry a small remainder. The 2024 figure was the first to clear the prior 2018 peak of about US$128 million.
Is the supply base concentrated or fragmented?
Both, which is the key point. Only 174 firms exported jewelry in 2024, and a single company, Arin, held about 75 percent of exported value, with New Fashion Peru and DeOro the next two names. Beneath those few scale exporters sits a long tail of artisan goldsmiths and filigree workshops with uneven capacity and documentation, so supplier selection is the buyer's main lever.
Why does Peru rank only 37th in jewelry exports if it is a top-10 gold producer?
Peru is the 9th largest gold producer (136.9 metric tons in 2024) but only 37th as a gold jewelry exporter, with a 0.15 percent world share. That gap reflects under-leveraged value-add capacity and a fragmented finishing base, which is the opportunity for buyers who can identify and verify the right workshop rather than relying on scale alone.
About the data: Figures are latest full-year (2024) and 2025 partial-year export values compiled from Peruvian trade-association reporting and cross-checked across multiple outlets; client-facing label is Source: Peru Sourcing Partners analysis. Figures reflect Peru export data curated and classified by Peru Sourcing Partners.
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