Turkish Jewellery Exporters' Association both evaluated and increased exports.
Burak Yakin, Chairman of the Turkish Jewellery Exporters' Association, stated that in the first 4 months of the year, jewellery exports gave hope both in terms of numbers and kg value. The Turkish jewelry industry, which ranks 4th among the sectors that increased exports the most, increased the value of exports per kg from 541 Dollars to 704 Dollars with a record increase.
Turkish Jewellery Exporters' Association is one of the leading sectors that both increased and evaluated its exports in the first 4 months of the year. According to TIM data, jewelry exports increased by 19 percent from 1 billion 812 million USD in January 2022 to 344 million USD and reached 2 billion 156 million USD.
When the data as of 15 May 2023 is analyzed, an export income of 1 billion 902 million USD was obtained in return for 3 million 514 thousand 910 kg of exports in the same period of 2022. In the same period of 2023, an export income of 2 billion 342 million USD was obtained in return for 3 million 327 thousand 292 kg of exports. According to the comparison of the two periods, the kg value of jewellery exports increased by 30.06 percent from 541.31 USD to 704.06 USD.
Drawing attention to the variables in jewellery exports, Burak Yakin, President of Turkish Jewellery Exporters' Association, stated that the value of gold and silver, the added value in exported products, branding and the export value change according to the state of global demand.
Explaining that as Turkish Jewellery Exporters' Association, they attach great importance to purchasing committees in particular, Mr. Yakın said that they have meticulously followed all the positive and negative changes in the global economy since they took office, and that they have taken quick action according to the developments.
“We have a program, we said we will increase the number of exporters, around 35 percent more companies are exporting now. We have increased the number of exporters in 1 year. We organized procurement committees and had an important participation both in our Istanbul fair and in our procurement committee events in Antalya. After a long time, we had the biggest national participation in the Hong Kong fair. Now there are shows in Las Vegas and Hong Kong, and our fair traffic will slow down until autumn. But don't slow us down."
Stating that the industry will continue to work dynamically in this process and that studies will be carried out on distant markets, Near said that the fairs will start again as of September. Expressing that the jewellery industry needs to increase the added value even more in order to be more effective in global competition, Near evaluated the increase in export kg value with the following words:
“In general, we continue our increasing trend in exports. We are one of the sectors with the highest increase in the first 4 months. We achieved an annual increase of over 19 percent. On the other hand, the kg value of our exports increased by 31 percent. Of course, many changes are effective in this. Gold prices directly affect this change. The quality of the product you export is important. After all, we do not only export diamonds, gold and rubies; As the ratio of high value-added products increases in this product range, our unit export kg value increases, and as it decreases, it decreases. The way to sell less and earn more is through added value.”
Stating that each firm develops itself by evaluating its exports on the basis of products, close said that they, as the Turkish Jewellery Exporters' Association, continue to support them in every sense and that they will increase exports to over 7 billion dollars by the end of the year, according to TIM data; According to micro exports, other exports and TUIK data, they are targeting a figure of over 12 billion dollars.