George Michelle, the Head of Gold Traders and Makers Syndicate said that buyers should be more aware while purchasing accessories decorated by gemstones.
He asserted that people’s awareness can drive traders to contribute in Gold factories and workshops to apply the policy of getting the user gemstone back. This policy will prevent adding extra expanses for the costumer.
He added that several factories and workshops owners stop applying this policy which impacted the local gold market negatively.
Mechelle emphasized that stores owners could be deceived as well, in addition, every trader aims to preserve his reputation and credibility.
But the presence of gold entities who don’t commit to getting the used gemstones back or reforming them. These actions drive honest sellers to pay the taxes of gemstones to their customers.
Gold Division Warns Citizens of Purchasing Used Gold Accessories Online
The main reason for this warning is to protect them from buying gold-like and non-conforming accessories.
The market is facing currently a source of a chaotic gold trade mood that’s why several buyers were cheated as they have a poor gold trade experience, Ehab Wasef, the Deputy Head of Gold Division at the Chamber of Commerce in Cairo explained.
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Next, he referred to the difference between pages that display gold products and trusted gold sellers who promote their products on social media as they execute all processes of gold trading in their headquarters in addition to following all official persuaders.
On Friday, Beni Hasan site, Minya, received the Vatican ambassador to Cairo Nicolas Henry alongside a delegation consisted of the embassy’s staff members. The director of the Middle Kingdom of Egypt’s antiquities department Gamal el Samsatawy welcomed the visitors. They toured the 16th administrative region rulers’ tombs that date back to the Middle Kingdom including […].