Turkish jewelry industry faces downturn as U.S. consumption wanes

STORY: Turkish jewelry industry faces downturn as U.S. consumption wanes DATELINE: June 25, 2022 LENGTH: 00:01:54 LOCATION: ISTANBUL, Turkey CATEGORY: MARKET SHOTLIST: 1. various of general views in Istanbul 2. various of jewelry production center Kuyumcukent in Istanbul, Turkey 3. SOUNDBITE 1 (Turkish): ABDURRAHMAN YALCINKAYA, Turkish gold dealer 4. SOUNDBITE 2 (Turkish): ABDURRAHMAN YALCINKAYA, Turkish gold dealer 5. SOUNDBITE 3 (Turkish): ERHAN ASLANOGLU, Istanbul-based economist STORYLINE: In an interesting example of globalization, Abdurrahman Yalcinkaya, a Turkish gold dealer, found his business has been dented by the surging inflation in the United States. Sitting inside his big office in Kuyumcukent, a neighborhood in Istanbul that serves as a hub of Turkey's jewelry industry, the businessman said many U.S. gold companies have halted their orders from Turkey indefinitely as American consumers' demand has decreased. Yalcinkaya noted that Turkey's gold exports to the United States had drastic