Friday, 29th July 2005 (3099 views)

Turkish jewellery sector exports rose by 16 per cent to $487 million in the first six months of 2005, compared to $420 million for the same period last year, according to the Istanbul Mineral and Metals Exporters' Union (IMMIB).

Union chairman Cihan Kamer announced that exports from the country are now expected to reach between $1.1 and $1.2 billion this year, up from $930 million in 2004.

He revealed that gold-made jewellery exports made up around 93 per cent of all jewellery exports in the first half of 2005, an increase of 22 per cent year-on-year.

Gold prices over the half-year rose by seven per cent and Turkey also saw an increase in the number of trademark companies during the six months.

Mr Kamer attributed the strong growth in jewellery exports to the quality of the products and services provided and a rise in tourist sales. Turkey exports goods to 136 countries in the world and is aiming to become more active in the Russian and Chinese markets.

 

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