Home
Category
TV Live Menu
Loading data...

How Much Do Georgians Spend To Buy Golden Jewelry?

645a1100eca6d
BM.GE
09.05.23 13:00
328
Tornike Samkharadze, executive director of the company "Zarapxana" declares, 95% of "Zarapxana" customers are Georgian citizens. As the executive director of the company told TV-program "Business Morning", the sales were significantly up in 2022, and this trend was still maintained in the first quarter of the current year.

"Sales hit a record high late in 2022. The demand growth is observed this year as well, we have finished April with a 50% increase compared to the previous year. Zarapxana has similar expectations for May. 95% of "Zarapxana" customers are Georgian citizens. We are glad that the demand is growing within the country and we are not dependent on tourists, although obviously this has a certain positive effect. Locals are more generous and buy products of the high price segment, while foreigners spend over GEL 2000-3000," explains Samkharadze, noting that the company's share in the market amounts to 30%.

According to him in a month and a half, the company will complete the arrangement of the new enterprise, and the amount of investment for reequipping the enterprise totals to GEL 1.5 million.

Subscribe to our news

Get the main news of the day