Turkish jewelry sector world’s second biggest in 2010

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Turkish manufacturers exported jewelery worth of 1.5 billion USD to more than 70 countries last year, according to reports by IMF, gold research and consultancy center GFMS and Istanbul Chamber of Jewelers.

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Turkey placed second in the global jewelry manufacturing sector in 2010 after India to sell the largest amount of gold and gemstone jewelry.

Turkish manufacturers exported jewelery worth of 1.5 billion USD to more than 70 countries last year, according to reports by IMF, gold research and consultancy center GFMS and Istanbul Chamber of Jewelers.

Turkey’s demand for gold last year was 114.6 tons as Turkey ranked third in the world to buy gold with over one gram annually per capita after Saudi Arabia and Hong Kong.

Turkish jewelry sector employs 250 thousand people and its annual turnover is estimated around 10 billion USD.

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