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![\"Turkish](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/07\/6a6303b5e46f29201058234a.jpg\")
<\/p>\n ISTANBUL \u00a0
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T\u00fcrkiye\u2019s jewelry industry has set a target of reaching $20 billion in exports, according to the Jewelry Exporters\u2019 Association (M\u0130B), as the sector seeks to reverse a sharp decline in overseas sales caused largely by restrictions on gold imports.<\/p>\n
M\u0130B data showed that T\u00fcrkiye\u2019s jewelry exports totaled $7.9 billion in 2025, while exports in the first six months of 2026 reached $2.9 billion.<\/p>\n
During the same period, overall sector exports fell 33 percent, while exports of processed gold jewelry plunged 62 percent.<\/p>\n
Mustafa \u00d6zcan, chairman of the M\u0130B board, said T\u00fcrkiye remains the world\u2019s third-largest jewelry producer after India and Italy, but attributed the recent downturn primarily to quotas imposed on gold imports.<\/p>\n
Emphasizing that the sector has suffered significant losses in exports over the past two years, \u00d6zcan said the industry is facing not only rising costs but also a loss of confidence among international buyers.<\/p>\n
He said the sector could achieve much higher export figures if structural problems were addressed.<\/p>\n
\u201cOur primary goal for the next four years is to quickly reverse the 37.6 percent export decline experienced by the sector and to make our position as the third-largest producer and exporter after India and Italy permanent,\u201d \u00d6zcan said.<\/p>\n
\u201cWe believe our sector can achieve a $20 billion export target if structural barriers, especially the quota on gold imports, are lifted,\u201d he said.<\/p>\n