Turkey’s UAE Jewellery Exports Rise By 43%
Istanbul Jewellery Show to highlight exquisite craftsmanship and unique collections to close to 30,000 industry professionals
Dubai, 22 March 2018: The UAE is proving to be one of Turkey’s fastest growing export markets for jewellery in the Middle East. According to figures from Turkish Exporters Assembly (TİM), Turkey’s jewellery exports saw a 43 percent year-on-year growth, from USD 744,982,510 in 2016 to USD 1,065,335,570 in 2017, making it a substantial and indispensable contributor to the UAE’s jewellery market.
A leader in jewellery production, Turkey ranks among the top three global producers with a total capacity to produce 400 tons of gold and 200 tons of silver annually. Known for its unique craftsmanship, excellent finishing and flexible production, Turkey’s jewellery sector has enjoyed a strong customer base in the UAE.
Commenting on the growth in exports, Serdar Kumbaraci, Turkish Trade Centre (TTC) UAE Country Manager said: “Turkish jewellery is recognized worldwide for its design, innovation and quality and so it comes as no surprise that our export figures are seeing such a notable increase. TTC is instrumental in supporting the jewellery exporters to form a strong and mutually beneficial relationship with the UAE. In a very short span of time, they have proven their ability to deliver quality products that surpass market needs.”
Highlighting these exquisite designs is the Istanbul Jewellery Show, the world’s 5th largest jewellery exhibition, where UAE based buyers will have an opportunity to meet renowned manufacturers, wholesalers, suppliers, retailers and designers.
Taking place from 22 – 25 March 2018 in Istanbul, the exhibition will showcase the latest in fine jewellery, diamonds, gems, watches, packaging, machinery and other related goods.
The exhibition will feature over 1250 local and international jewellery companies and brands representing a wide range of product groups and sectors including gold, jewellery, diamonds, coloured stones, precious and semi-precious stones, pearls and silver, among others.
About Turkish Exporters Assembly
Established in 1993 and headquartered in Istanbul, the Turkish Exporters Assembly (TIM) leads Turkey’s group of 70,000 exporters present in 26 different industries in which export records are maintained. The Turkish Exporters Assembly conducts foreign trade transactions and is the umbrella organization of 60 exporter associations throughout the region and sector-wide, divided into 13 different sub-groups.
About TIM TTC Gulf Consulting FZE - DWTC:
TIM TTC Gulf Consulting FZE has been established on 11th of July 2016 in order to operate Turkish Trade Centers in DWTC. TİM TTC is a subsidiary of TİM A.Ş. – located in Istanbul - which is a joint stock company, within the body of Turkish Exporters Assembly, formed to realize the vision of establishing and representing the 'Turkish' brand all over the world. Its mandate is to establish Turkish Trade Centres all around the world, introduce Turkish exporters and their products, assist them in warehousing and logistics, provide legal and financial services and help them enter new markets.