“We sell ingots made in Switzerland. Demand has been rising since last year, with the 2021 advance against 2020 coming at 400%. In the first two months of this year sales are 40% higher than in the last three months of 2021 overall,” said Willy Dicu, Teilor CEO.
Besides jewelry, Teilor also sells gold ingots mainly destined to investments.
“Now, the challenge of procuring ingots is a real one. While before we used to supply the network with ingots every two weeks, now it’s every three weeks and we can barely meet demand,” explained Willy Dicu.
Ingots have various sizes, depending on clients’ requests.
In 2020, Teilor posted turnover worth above RON140 million (EUR28.8 million), down around 10% on the year amid the pandemic.
(English version by Catalina Apostoiu)