10 Dec 2022
DiamondWorld Directory
Home |
KP Chair meets Istanbul Chamber of Jewelry
To discuss growth of diamond industry in Turkey
By: Diamond World News Service
Dec 13 2016 3:26PM
Reference: 13696  


The UAE Kimberley Process Chair (KP Chair), Ahmed Bin Sulayem, has held a series of meetings with industry stakeholders in Turkey focused on raising consumer confidence in the diamond industry and supporting the country’s development as a trading hub for the sector.    

The UAE KP Chair concluded what was described as one of the most productive trips undertaken since the beginning of the UAE KP chairmanship. Mr. Bin Sulayem met with leading representatives of the Istanbul Chamber of Jewelry: Norayrİşler, Chairman of the Board of Directors; Mustafa Tiryaki, Vice President; Ali Ramazan Şanto, General Secretary; and Hayati Karakullukcu, Advisor to the Chairman. He also held discussions with industry officials from Altin has Holding: İmam Altinbaş, Chairman; and Ali Bulut, Group President for Overseas Investments – and the Jewellery Exporters’ Association: Ayhan Güner, Chairman; Mehmet Can Ozdemir, Member of Board of Directors – as well as Anil Özer, Regional Coordinator of the Turkish Trade Center. Additionally, on the sidelines of these meetings, Mr. Bin Sulayem also met with senior officials from Borsa Istanbul to sign a Memorandum of Understanding (MoU) between the body and DMCC thus building on the strategic partnership between the UAE and Turkey in the jewelry and diamond industry. 

“While Turkey is still a developing market in the diamond trade, its demographics and affluent populace make it a consumer market with significant potential,” said Mr. Bin Sulayem. “We already see from its booming jewelry sector that there is strong demand for luxury goods here, but from discussions with senior stakeholders in the market, there is scope to further cement the country’s status as a leading player in the diamond industry. On behalf of the KP, we commend the progress made by the Turkish authorities with the progress and look forward to working more closely with industry stakeholders in the years ahead to ensure Turkey continues to grow as a consumer and trade hub.” 

Turkey has been a member of the KP since 2007 and in the past year it imported $143,317 in rough diamonds. The country also began trading in the commodity on its stock exchange in 2014 in order to complement its vast jewelry manufacturing sector, and its status as a large consumer of gold. It also removed various taxes on diamond imports, in addition to investing in creating the appropriate infrastructure to accommodate the trade. Indicative of the potential for growth, the country’s jewelry exports reached $4.5 billion in 2014 - at a rate twice as fast as other products – and approximately 30% of this was in diamonds.

“Turkey already has the world-class infrastructure in place to become a major trade center and we strongly believe that they can benefit from the experience of other hubs such as Dubai and Antwerp in order to continue positioning Istanbul as a leading jeweley and diamond hub,” added Mr. Bin Sulayem. “With more centers for the industry around the world, these can support and help grow demand in consumer markets globally, which, naturally, continues to be essential for the sustainability of the sector. I would like to thank Turkey for all its support during the UAE KP chairmanship and for constantly championing the underlying principles of the KP. Looking ahead, we strongly believe that the country’s experience can add significant value in the future development of KP initiatives such as the common NGO Fund and the Permanent UN Secretariat, which will drive greater fair value across the diamond supply chain.”   

With the visit to Turkey, Mr. Bin Sulayem has concluded a series of meetings across diamond producing and consumer markets in Africa, Asia, the Middle East and Europe. He will continue to host meetings in North America.


Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 32062
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 9577
GJEPC Chairman Interview
Views: 28163
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 39417
Promo for IJ Awards 2012 at NDTV Profit
Views: 57102
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 68602
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21912
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50965
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 53162
Member of:
Supporter of: