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Additionally, Somali women have a long tradition of wearing gold and silver jewelry, particularly bangles. During weddings, the bride is frequently adorned in gold. Many Somali women by tradition also wear gold necklaces and anklets. The xirsi, an Islamic necklace likewise donned in Ethiopia and Yemen, is frequently worn.
The war forced the closure of Somalia’s cement plant and oil refinery. [1] The Indian Ocean tsunami of December 26, 2004, disrupted salt production in Hurdiye in late 2004 and early 2005; it is unclear to what extent output has recovered. [1] Gemstone and salt producers appear to be artisanal and small-scale in nature. [1]
Somalia is a country located in the Horn of Africa. It has maintained a healthy informal economy , based mainly on livestock , remittance / money transfer companies and telecommunications . [ 1 ] [ 2 ] Due to a dearth of formal government statistics and the recent civil war , it is difficult to gauge the size or growth of the economy.
Aim to get 90 to 95% of the spot price when selling gold bars or coins, and 70 to 80% of melt value for jewelry and other items. A karat is a unit of measure for the fineness of gold. For example ...
The market is also made up of a fair share of migrant workers from Somalia, Kenya, and other parts of East Africa, [5] [3] with the majority of the workers in the market being women. [ 2 ] [ 3 ] Before the fire in April 2022, the market consisted of an estimated 2,000 market stalls [ 1 ] and was the workplace of over 12,000 Somalilanders. [ 6 ]
Speaking of which, if you're stumped on what to gift her for Valentine's Day, BaubleBar is running a rare 20% off on gold jewelry until Feb. 2nd, like these gold stud earrings.
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