The investigation initiated in order to determine whether the İzmir Chamber of Jewelers violated article 4 of the Act no 4054 by maintaining sales prices for gold and by imposing some sanctions on those tradesmen who did not comply with their prices was concluded.

The investigation was launched as a result of the preliminary inquiry conducted in response to the claims that the İzmir Chamber of Jewelers maintained the sales prices of gold.

As a result of the discussion of the file by the Competition Board on 27.10.2016, it was decided that the İzmir Chamber of Jewelers violated article 4 of the Act no 4054 and therefore the aforementioned association of undertakings should be imposed administrative fines under article 16 of the same Act.

Click here for the text of the pronouncement (in Turkish) for the decision dated 27.10.2016 and numbered 16-35/603-268, the reasoned version of which will be notified later and which can be appealed before Ankara Administrative Courts.