The health effects of the pandemic quickly disappeared from the agenda; however, its repercussions on world economies continue. Central banks, especially the FED, increase interest rates in order to restrain emerging inflation. This has negative consequences for the economy. Ismet Naci Kurtulan, Chairman of the Board of Kurtulan Jewellery, which has been exporting the original collections and concept jewelry he created under the influence of the rich cultural mosaic of Anatolia for nearly 30 years, to different geographies of the world, said that even though the trade in exports is fast, they are heading towards a time period where all jewelers should be very careful. . Kurtulan stated that orders from abroad continue due to New Year’s Eve; however, he drew attention to the possibility of the whole world going into a recession with the new year and called on the members of the sector to be ready for the new period. “Things are going pretty well postpandemic. The overseas market is fast, there is also business in the domestic market. Domestically, people continue to buy gold and jewelry to protect their investments. During the summer period, the business volume in exports decreased slightly; but now things are coming up again because of Christmas. America is a rising market for our industry and Kurtulan Jewellery, but things will start to slow down there with the Fed’s rate hike. Since it is before Christmas, there is work; But after January 2023, I expect a recession and contraction all over the world due to inflation pressures.”