These days when we enter the new year, the excessive appreciation in foreign currency prices, the emergence of an increase in every product from A to Z, our expectations for the new year are eroded to a certain extent. On the one hand, the effect of the pandemic continues, on the other hand, serious increases in both precious metals and foreign exchange prices raise concerns. Mehmet Eren, Chairman of the Board of Eren Has Group; said that he frequently encountered such difficult economic conditions in his professional life and that the markets got used to even the highest gold prices after a certain period of time.
Mehmet Eren noted that the export volume of the jewelry industry is increasing gradually and the domestic market is experiencing stagnation due to high commodity prices; “The fact that gold prices stop at one point is very important for the increase of jewelry trade in the domestic market. In an environment with ups and downs, citizens definitely want to see price stability before purchasing. We continue to stand by our customers in all circumstances. No, we continued to provide services without using the words “no,” he said. Nurettin Özmen, General Manager of Eren Has Group; Noting that gold prices gained nearly 80% in value in two months, and this increase was recorded as the fastest increase in the shortest time; continued his words as follows:
“The demand for pure gold for jewelry production continues to decline in recent days. Even though gold prices have risen a lot, there is no significant scrap gold traffic. There is no negative situation in terms of exports. In the last days of the year, we acted as an intermediary in the trade of our companies that mainly export. EHG invested in people, the most valuable asset, in 2021; enters the new year dynamically. We expect the impact of the pandemic to subside. We believe that the immediate revision of the legislation on gold imports will reveal significant advantages for our industry.”