Peru Jewelry Exports Plunge 71.8% in H1 2026 as US Demand Collapses

Peruvian jewelry and goldsmithing exports fell from US$82.8M to US$23.4M in H1 2026, a 71.8% drop, driven by reduced US purchases. Mexico gained market share, indicating a shift in demand patterns. The sharp decline signals a major trade disruption for Peru's jewelry sector, though the underlying causes (e.g., US demand shift, competition) remain unclear.