TEHRAN (Dispatches) - Head of Iran’s Gold and Jewelry Producers and Exporters Union Esfandiar Seifi has said that over 130 companies from Iran, Turkey, Italy, Germany, Britain and Japan are participation in the exhibition held through Feb. 12, 15. The capital Tehran is currently hosting Iran Gold Expo to introduce the country’s gold, silver, jewelry and precious stones products to the world and give local producers a change to get up to date with global markets and value chains.
"In the field of gold and jewelry making, we are in a favorable position in the world and this exhibition can have a significant impact on export growth,” he told IRNA news agency.
He said Italy, Turkey, India, South Korea, Hong Kong, Thailand and Iran are the top gold and jewelry producers, but Iran is working to improve its position among the exporters.
Iran is among the world’s top seven producers of gold and jewelry, but it has to work its way through the ranks to win a position as an exporter, the head of Tehran International Exhibition Center says.
Iran has stepped up production of precious metals to cushion its economy against the effects of new U.S .sanctions which have triggered a flurry of panic buying of gold by some citizens.