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Monday, 16th May 2005 (9903 views)

Goldas, the Turkish jewellery giant, has reported revenue of more than $500 for 2004, with expectations of significant growth in the years ahead.<br/><br/>According to Resource Investor, the company has forecasted a 30 per cent sales growth year on year for 2005 and 2006, as a result of the booming gold market in Turkey.<br/><br/>Founded in 1993 by a leading Turkish textile family, Goldas was the first publicly traded jewellery company in Turkey and is now the country's leading jewellery producer.<br/><br/>The company's 4,500-square foot plant in Istanbul has an output capacity of 14 tonnes, boasting 60,000 pieces of jewellery in its sparkling repertoire.<br/><br/>As well as nine branded stores in Turkey, Goldas also trades in the United Arab Emirates, Germany and Moscow, with foreign sales accounting for almost one third of revenue.<br/><br/>Bosses are aiming to reach their 100-store target within the next five years.<br/><br/>Turkey is now the third largest gold jewellery market in the world, after India and the US, and its third-largest manufacturing country.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8512941"/>

 

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