Editor’s Note
This article highlights the severe challenges facing Acapulco’s jewelry sector, where an 80% sales decline threatens local businesses. The crisis stems from a dual burden of regional insecurity and soaring gold prices.
Jewelers Face Crisis
Jewelers in Acapulco are facing a severe sales crisis, with an 80% drop in sales threatening the survival of some businesses. The decline is attributed to a combination of rising insecurity in the region and the high price of gold.
Related Trends
The article notes related trends in the Mexican jewelry sector, including a 50% drop in artisan sales in Taxco due to violence, and Chinese products displacing Guerrero in silver production.