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Türkiye's jewelry industry faces collapse as gold price spikes and import limits slash exports and close nearly 60% of workshops.
Türkiye's jewelry industry is in crisis, with exports down 59% in January 2026 and nearly 60% of workshops closed or at risk due to soaring gold prices and a strict 12-ton monthly import quota.
Domestic gold prices remain up to $4,000 per kg above international levels, worsened by low local production of 28 tons in 2025 and reliance on 150 tons in imports.
U.S. and European demand has sharply declined, hurting related sectors.
Industry leaders warn of lost global market share and economic fallout, urging policy changes and investment to boost domestic mining, which could expand output from 28 to 100 tons annually using the country’s vast gold reserves.
La industria de joyería de Turki se enfrenta a un colapso a medida que el precio del oro aumenta y los límites a la importación reducen las exportaciones y cierran casi el 60% de los talleres.