Turkey - The Ottoman Magic

The jewellery trade in Turkey is 500 years old. Much like other jewellery centers, global economic volatility and domestic political tensions have constantly tested the strength of the jewellery industry, however, its signature craftsmanship and affordable labour has made it one of the most sought-after hubs of jewellery

Turkey holds a leading position amongst the jewellery exporting countries in the world. A large manufacturing base with affordable labour along with an increasing number of designers has helped Turkey in becoming an important jewellery making centre. Besides, the country’s important geographical location helps bridging East and West, making it an important distribution and re-export centre. Turkey’s jewellery industry received a huge boost with government decisions taken in the early 1980s to liberalize the gold trade and foreign exchange, according to the Turkish Jewelers Association (TAJ). The TAJ promotes the export of Turkish jewellery, advances the interests of the Turkish jewellery sector internationally, and supports the activities of the Turkish jewellery export sector. Turkish jewellery exports touched $7.2 billion in 2018, exceeding the previously set goal of $6 billion. The country exports jewellery to UK, United Arab Emirates, the U.S., Hong Kong and Switzerland. The mark Turkey has left globally as far as its jewellery is concerned is inimitable. With craftsmanship at par with its European manufacturers, it has managed to keep competitors at bay with its low prices.

Market Potential & Craftsmanship