International News
Türkiye’s jewellery exports surge by 79.1% in February 2025
Türkiye’s jewellery exports soared to 861.6 million dollars in February, marking a significant 79.1 percent increase compared to the same period last year, according to data from the Turkish Exporters Assembly (TIM).
Jewellery exports accounted for 4.1 percent of Türkiye’s total exports, with the sector boasting a diverse product portfolio. Gold jewellery and jewellery articles led the exports with a total value of 714.5 million dollars, while other notable product categories included unprocessed or semi-processed gold, silver items, cultured pearls, precious stones, and watches.
The United Arab Emirates (UAE) emerged as Türkiye’s top market for jewellery exports, with shipments amounting to 411.7 million dollars in February. This positions the UAE as the most significant destination for Turkish jewellery. The USA, Switzerland, Hong Kong, and Kyrgyzstan followed with exports valued at 56.6, 53.4, 45.2, and 43.5 million dollars, respectively.
Exports to the UAE saw an exceptional rise of 275 million dollars in February, with other countries, including Switzerland, Kyrgyzstan, Libya, and Belgium, also registering notable growth. Türkiye exported 40.9 million dollars’ worth of jewellery to Libya and 13.3 million dollars to Belgium, reflecting the sector’s expanding global reach.
On a provincial basis, Istanbul remains the epicentre of Türkiye’s jewellery exports, contributing 605.8 million dollars to the total in February. Other major contributors included Çorum with 228.2 million dollars, followed by Trabzon (13.8 million dollars), Kastamonu (7 million dollars), Sakarya (2.9 million dollars), and Ankara (1.6 million dollars).
International News
Gold prices climbed above $4,250 ahead US ISM Manufacturing PMI release
US spot Gold prices climbed above $4,250 early Monday, touching a six-week high as investors turned cautious ahead of the upcoming US ISM Manufacturing PMI release. The yellow metal is poised for further upside momentum if it secures a sustained daily close above the crucial $4,250 resistance level.
The US Dollar opened December on a softer note, pressured by rising expectations that the Federal Reserve may announce a rate cut next week. Growing market confidence in easing monetary conditions has boosted the appeal of non-yielding assets such as gold.
Analysts note that a decisive break and close above $4,250 could reinforce bullish sentiment and pave the way for an extended rally in the days ahead. As global markets await fresh cues from the US economic calendar, gold continues to benefit from a favorable macroeconomic backdrop and robust safe-haven demand.
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