Business is bad for jewellers as less gold is being bought for wedding sets
Jan 25, 2021. Greece
Tunis.
Walking around the Tunis medina, the merchants often murmur: “Will you sell gold?”
Jewellery has always been as much an investment as personal adornment but recent trading hints at a crisis. “People are selling their wedding rings,” Abdel Monème Khoudjet al-Khil, vice-president of the Head Office for the Jeweller Artisans, a state authority, said. “They’re selling to pay for water bills and electricity — even to eat.”In the ten years since President Ben Ali was toppled, turning Tunisia from a police state into a democracy, the dinar has lost half its value against the dollar. A gram of gold is now sold for up to 180 Tunisian dinars compared with 60 to 70 in 2010.
Layli Foroudi, Tunis
