Monday, 14th March 2005 (4246 views)

The Turkish jewellery sector is continuing to prosper, with record exports and imports recorded last year.

Reuters reports that a boost in tourist levels has helped fortify the industry, with gold one of the key beneficiaries.

Turkish jewellery exports could even hit $1.3 billion in 2005 according to officials, a marked hike from the $1 billion taken last year.
"In terms of imports, exports and the domestic market, 2004 was very good . . . In exports we are second to Italy and we are increasingly closing in on them," commented Murat Akman, general manager of the World Gold Council Turkey.

He said that the positive impact of tourism was a trend that looked set to continue.

"We also expect an increase in tourist sales with a rise in the number of tourists," he added.

Turkish gold imports rose by 17.4 per cent in 2004 to 250.93 tonnes, with the US accounting for one-third of total demand.

 

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