Schwäbisch Gmünd has a centuries-long tradition of goldsmithing and silversmithing. Since the middle of the 17th century, it continuously developed into the determining trade in the former imperial city. The majority of the craftsmen working in the gold and silversmith trade were engaged in the production of jewellery. Despite occasional economic downturns, the gold and silver trade developed steadily towards the city’s jewellery industry in the 19th century. In the period around 1860, the number of jewellery factories increased to 29.

Today, there are more than 50 gold and silversmiths, jewellery designers and over 20 manufactories and factories producing jewellery in Schwäbisch Gmünd. With the Technical College for Design, Jewellery and Appliances and the Vocational College for Design, Jewellery and Appliances, training is offered for the industry.

Schwäbisch Gmünd is home to the Gold- und Silberschmiedekunst Foundation and the Schwäbisch Gmünd Precious Metals Association.