Italian luxury goods market back on track the growth in 2010. - In 2009, the luxury goods market in the world experienced an unprecedented fall in its revenue. According to Altagamma: -8% in personal accessories (fashion, jewellery, works of art) to €153 billion. In 2008, the sector achieved revenues of €167 billion, a figure already below the -2% of 2007 (€170 million). In 2009, the fall was even sharper for furnishings (-10%, to €16 billion), yachts (-15% to €8 billion). Italian labels, which have 30% market share in the world, on a par with their French competitors, were hit by the crisis in multi-brand stores but resisted quite well in their own boutiques or franchises. In 2010, they are expecting to grow again, particularly in the second half of the year, excluding those who work in the luxury decorating and furnishing sector. The personal accessories sector is expected to grow by +1%, particularly because of the leather sector, which is faring quite well (+4%), ahead of perfumes and cosmetics, clothing, jewellery and watches. The Italians are banking on growth of 12% in Asia (excluding Japan where the market could still fall by -4%). Although North America is expected to experience zero growth in 2010, Altagamma is expecting +5% in the Middle East and Latin America and +1.5% in Europe. (I.L./transl.fl)