Turkish gold jewellery exports fell 26.1 percent year-on-year to 44.45 tonnes in the first seven months of the year, Turkish Association of Jewellers (TAJ) data showed on Thursday. Exports fell 4.09 percent to $499 million for the same period, TAJ said. Turkey is the world's second biggest jewellery exporter.
Volatility in world gold prices has dented Turkish gold consumption since the start of this year. Spot gold prices hit a 26-year peak of $730 an ounce in mid-May but have fallen back to $650 since then.
Though sector officials predict a recovery in exports due to Christmas sales to the United States, Turkey's biggest export market, they still see year-end jewellery exports coming in below 2005 levels.
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