image description
image description

Archives


  • 07-01-19

    Jordan's jewelry sales down 50 percent

    (MENAFN) Jordan was struck with a 50 percent drop in the jewelry industry sales by the end of last year due to a decline in gold demand.

    General Jordan Jewelers Union's secretary general Ribhe Allan announced the industry to have hit the lowest in a decade.

    Jewelry shop owners slammed 2018 for the industry, describing it as "the worst year ever" when it comes to demand and sale.

    Demand was lower as a result of the Jordanian government's hikes on gold sale taxes in the beginning of last year, as well as increases on hallmark taxes.

    "The government has destroyed the gold market with taxes and customs. Gold is no longer the safe investment and the valuable metal it used to be," Jewelry shop owner Nabil Tabarani commented to The Jordan Times.

    MENAFN0701201900450000ID1097934125

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved