Türkiye stands on the brink of a major #jewelryindustry windfall as regional instability pushes firms out of the Gulf, with Istanbul Chamber of Commerce (İTO) Chairman Şekib Avdagiç urging the nation to pivot these shifting industry dynamics before #global competitors seize the opportunity. “We must not miss the chance for companies exiting the Gulf to come to Türkiye instead of Singapore and Hong Kong,” he stressed. Reconsidering and lifting the quota measure on unprocessed gold imports is very important and necessary for the sector, he said, underlining that Türkiye is a significant center for physical #goldtrading and production. He noted that due to the quota introduced in 2023, Türkiye’s jewelry production capacity has shifted over the past three years to nearby countries, particularly Dubai. Following the recent attacks on Iran and the potential spillover of conflicts to other Gulf states, Avdagiç argued that the situation could benefit Turkish jewelry manufacturers. “This is...