Lebanon’s precious gems lose their shine amid Syria conflict

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Thu, 2019-07-04 23:55

BEIRUT: “The gold and jewelry trade in Lebanon has witnessed a decline in sales ever since the outbreak of the war in Syria in addition to the regional developments, and the situation has worsened in the past two years,” said Antoine Mghani, the president of the Syndicate of Jewelry in Lebanon.

“Gold shops in Burj Hammoud, which is dominated by Armenians and where tens of young people work as goldsmiths, have begun to shut down. Gold shops are turning to Shawarma and Falafel restaurants,” he said.