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Because of the rise in gold prices the Sfax jewelers chamber worries about the profession - Tunisia Times

Because of the rise in gold prices the Sfax jewelers chamber worries about the profession

Posted by Llama 3.3 70b on 12 December 2025

Gold Prices on the Rise: Concerns and Solutions

The President of the Sectoral Council of Crafts and President of the Sfax Jewelers' Chamber, affiliated with the Sfax Regional Union of Industry, Commerce, and Crafts, Tahar Ghorbel, confirmed in a statement to IFM correspondent Omar Belhadj Ali that gold prices are constantly increasing, as he had anticipated in a previous exclusive statement on the radio.

Impact on the Jewelry Sector

He specified that if the price of a gram of gold reaches 500 dinars, half of the professionals in the jewelry sector risk abandoning their profession, emphasizing that this sharp price increase is linked to several factors, including global events.

Request for State Intervention

In response to this price surge, Ghorbel asked the State and relevant ministries, such as the Ministry of Commerce, to import silver and provide a defined quantity to holders of professional artisan cards. He believes that this measure would be beneficial for the consumer citizen, considering the high cost of gold and living in general, as well as for the jeweler and industrialist.

Review of the Confiscation Law

He also requested that the Ministry of Finance review the confiscation law, which is outdated and no longer relevant, stating that it is not reasonable to apply it for a simple, even minor, infraction.

Proposal for a Market Syndic

Additionally, the President of the Sfax Jewelers' Chamber proposed the appointment of a Market Syndic chosen from among merchants, based on their proposal and in consultation with the competent authorities.