In Italy's storied gold‑making hubs, jewellers are reworking their designs to trim gold content as they race to blunt the impact of record prices and appeal to shoppers watching their budgets.

Vicenza, known as one of Italy's three "cities of gold" alongside Arezzo in Tuscany and the Golden Valley of ⁠Valenza in Piedmont, hosts twice a year the Vicenzaoro fair, a global event for jewellery ...