To circumvent sanctions Russia, Turkish jewelry dealers began to create workshops and to produce in Armenia. Jewellery workshops in this country, attracted by cheap labor, as well as famous artists.
Lately, the most popular among jewelers thrusts were Iran and Armenia. Iran — the newly opened market. Masters from Turkey, who want to take their place on it, participate in exhibitions in the country and establish contacts with the local jewelers. On the other hand, despite the fact that the number of sanctions imposed by Russia against Turkey, there is no ban on gold, the customs duty of 42%, and the obstacles created by the Russian customs authorities, make it difficult to trade in these goods. The way out of the situation jewellers, Kapalicarsi and Kuyumcukent find in the opening of workshops in Armenia. The jewellers of Turkey, mostly of Armenian origin, open production in this country is partly cheaper labor, which also is famous for its gold and silver craftsmen, and sell the gold to Russia and other former Soviet States. Moreover, the Eurasian Customs Union formed by Kyrgyzstan, Armenia, Russia, Belarus, Kazakhstan and officially valid from January 1st, 2015, unties their hands.
The migrations of jewelry production in Armenia has a negative impact on the market, Kapalicarsi in Istanbul, where for some time there has been stagnation due to the reduction in the number of tourists. We learn that the owners of several workshops in Kapalicarsi closed their workshops and has created a jewelry production in Armenia. Sector representatives reported five or six jewellers, who moved from Kapalicarsi in Armenia.
On the other hand, it has been suggested that the gold produced in Armenia, illegally gets to Turkey, resulting in a tax loss. In addition, sector representatives and shop owners are reluctant to talk with us. The main fear is of sanctions, which Turkey applies against Armenia. Jewelers, invest in Armenia, in some sense afraid of opals from the state.
The invasion of the Syrians on Kuyumcukent
In another place, where treated and gold creating jewelry, Kuyumcukent, there is a similar process, although we are talking about the reverse situation. The owners of jewelry shops Kuyumcukent report that the Syrians have acquired several workshops on the fourth floor of the building and are producing here. It is noted that the jewelers who have fled Syria and found refuge in Kuyumcukent, also use Syrian masters as cheap labor, and manufactured with low cost gold jewellery export to Dubai. Thus, in Dubai, Syrians are stealing customers from Turkish jewelers.
