Aysel ALP / ANTALYA
Created Date: January 07, 2026 04:00
Jewelery Exporters Association President Burak Yakin stated that the Precious Metal Tracking System, prepared by the General Directorate of Mint and Stamp Printing House, will be put into operation in April. Yakin said, “With the new system, it is aimed to prevent informality in the jewelry industry. All gold from grams to quarters will be bandrolled. Bracelets cannot be purchased from jewelers with cash, shopping will be done with credit card and IBAN.”
The Precious Metal Tracking System (KMTS), for which all preparations have been completed to put an end to counterfeiting and informality in the JEWELRY and jewelery industry, will be put into operation in the coming months. Burak Yakin, President of the Jewelery Exporters’ Association, explained the details of the system. Yakin, who held a chat meeting with a group of journalists at the Jewelery Antalya buyer delegation fair, attended by 1,350 buyers from 50 countries, gave information about the measures taken regarding the informality that the jewelry industry has been trying to solve for years.
UNDER GRAM BANDROLE PERIOD
According to the information provided by Yakin, all preparations for the Precious Metal Tracking System (KMTS) have been completed by the General Directorate of Mint and Stamp Printing House under the Ministry of Treasury and Finance, in order to prevent unregistered gold and forgery. When KMTS comes into play, the way jewelers work will completely change. Yakin said, “If this regulation is passed, the Mint will issue a banderole for all gold. Gold will be minted with the permission of that banderol. With the number on the banderole, it will be known which country the gold came from and which company brought it. This practice will be valid for one gram of gold as well as for one kilogram of gold.”
EVERYTHING THROUGH THE BANK
Yakin stated that when KMTS comes into effect, it will no longer be possible to buy and sell with cash at jewelers in order to keep gold purchases and sales registered, and that money transfers will take place through banks. Stating that invoices will start to be issued in gold trade, Yakin said, “Whoever comes to the jeweler and sells gold, we will issue the invoice and deposit the money to the bank. When the citizen buys gold or a bracelet, he will send us the money from the bank, everything will be recorded. A gradual transition to the system will be made.”
QUESTION TO THOSE WHO EXCHANGED GOLD AND BUYED A HOUSE
Stating that the system that will be put into effect to prevent informality will also put an end to money laundering methods, Yak said, “The real problem will arise here. You will buy an apartment, you have 3 million liras of money in the bank, and 2 million liras of gold. When you take this 2 million to the bank, they will ask, ‘Do you have a declaration form for this money, where did you find this money?’ You say, ‘I had 2 million liras of gold, a car or a house, I sold it, this is the declaration document.’ “The bank will accept the money. Otherwise, it will not accept it. Türkiye will come under MASAK control with this practice to end black money,” he said.
DIRECTED UNDER THE VENEZUELA INTERVENTION
Ali Pastorini, President of the Association of Jewelers International (MUBRI), said that due to the imbalances caused by the USA, people, especially in South America, have started to prefer investment jewelery products with low workmanship instead of jewellery. Pastorini explained that Türkiye is the number one country in world exports with its quality in jewelry production.
EXPORT TARGET IS 15 BILLION DOLLARS
Noting that Türkiye’s future is bright in jewelery exports, Yakin said that they had exported 7.9 billion dollars as of the end of 2025, and that jewelery exports amounted to 7.9 billion dollars, and that they could increase this figure to 15 billion dollars with the removal of the gold quota. Yakin emphasized that they have completed three new production centers that can create 100 thousand new jobs.
