Goldaş
Corporate brand
UnclaimedGoldaş was a Turkish jewellery manufacturing and retail company founded in Istanbul in 1993.
Last updated August 31, 2026
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Overview
Goldaş, also known as Goldaş Jewellery, was a Turkish jewellery fabricator and retail sales company established in Istanbul in 1993 by the Yalınkaya Group. The business combined jewellery manufacturing with consumer retail and marketed products through several distinct brand names, including Goldas, Assortie, SilverD’sign, WeddingD’sign, Danthel, Chip Gold, and Chip Silver. This multi-brand structure allowed Goldaş to address different jewellery categories and customer occasions, ranging from gold and silver products to wedding-related designs and fashion-oriented collections. The company became part of a reorganized corporate structure in 1997. Goldaş was reorganized as a subsidiary of Goldart Holding under the newly established Yalınkaya Holding A.Ş. The following decade was characterized by rapid reported growth. Between 1998 and 2008, Goldaş's turnover increased by 5,609%, reaching a reported figure of approximately $955 million for the period or measurement cited in the reference material. CNBC-e Business Magazine recognized Goldaş as the fastest-growing company in its ranking of Turkey's 100 fastest-growing companies. Goldaş was also connected to public-market ownership transactions. In January 2009, Goldart Holding acquired 1.6 million shares, increasing its reported stake to 55.5%, equivalent to 80 million shares. After the company's stock had appreciated by 59% over a three-month period, Goldart Holding sold 11.4 million shares for 14.14 million Turkish liras to three investment funds: Regulus Emerging Market Fund, Neos Emerging Capital Investment, and Porrima Investment. These transactions illustrate the changing ownership and financing structure of the company during a period of significant market activity. From 2008 onward, Goldaş became involved in several major disputes concerning gold consignments and financial obligations. Société Générale filed a lawsuit in March 2008 alleging that Goldaş had failed to return a large consignment of gold. In 2009, Bank of Nova Scotia and Commerzbank also brought legal actions, with the reported claims valued at $10.9 million and $11.1 million respectively. The disputes later reached insolvency proceedings. In April 2013, the Bakırköy Commercial Court of First Instance in Istanbul issued a judgment in Commerzbank's favor that would force Goldaş into bankruptcy. Goldaş announced plans to appeal and continued its dispute with Bank of Nova Scotia. Later in 2013, Turkey's High Court of Appeals effectively reversed the lower-court bankruptcy outcome after accepting Goldaş's request that the matter first be adjudicated under British law rather than immediately subjected to Turkish bankruptcy law. The available reference material does not establish Goldaş's current operating status, ownership, website, executive leadership, or whether its consumer brands remain active. Accordingly, Goldaş is best documented as a historically significant Turkish jewellery company whose expansion and multi-brand retail strategy were followed by prolonged financial and legal disputes.
History
Goldaş Jewellery was founded in Istanbul in 1993 by the Yalınkaya Group as a jewellery fabrication and retail business. Its activity covered the production and sale of jewellery, with products marketed through a collection of brand names rather than a single consumer label. The available descriptions identify Goldas, Assortie, SilverD’sign, WeddingD’sign, Danthel, Chip Gold, and Chip Silver among the brands used by the company. Together, these names represented gold, silver, wedding, and design-oriented jewellery offerings. In 1997, Goldaş was reorganized as a subsidiary of Goldart Holding under Yalınkaya Holding A.Ş. This restructuring placed the company within a broader holding-company framework and preceded a decade of strong reported expansion. From 1998 through 2008, Goldaş recorded a 5,609% increase in turnover, with the reference material describing turnover of approximately $955 million. CNBC-e Business Magazine subsequently ranked it first among Turkey's 100 fastest-growing companies. The company's growth took place alongside public-market ownership activity. On January 22 and 23, 2009, Goldart Holding purchased 1.6 million shares and increased its reported stake to 55.5%, representing 80 million shares. After Goldaş's stock had risen by 59% over a three-month period, Goldart Holding sold 11.4 million shares for 14.14 million Turkish liras. The buyers were three investment funds: Regulus Emerging Market Fund, Neos Emerging Capital Investment, and Porrima Investment. Goldaş's expansion was followed by a series of financial disputes involving gold consignments and banking counterparties. In March 2008, Société Générale sued the company over an allegation that a large consignment of gold had not been returned. In September 2009, Bank of Nova Scotia and Commerzbank filed additional suits, with reported claims of $10.9 million and $11.1 million. The litigation developed into insolvency proceedings. In April 2013, the Bakırköy Commercial Court of First Instance in Istanbul ruled for Commerzbank and issued a judgment that would force Goldaş into bankruptcy. Goldaş planned to appeal and remained involved in separate proceedings with Bank of Nova Scotia before the Istanbul Anatolia Commercial Court of First Instance. Later in 2013, Turkey's High Court of Appeals effectively reversed the lower-court bankruptcy judgment by accepting Goldaş's request that the matter be adjudicated under British law before being placed under Turkish bankruptcy law. The available material does not provide a subsequent account of the company's operations, ownership, leadership, or brand activity. It therefore documents Goldaş principally as a Turkish jewellery manufacturer and retailer with a notable period of growth, a multi-brand market presence, and extensive financial litigation, while leaving its present status unresolved.
- 2013
Lower court orders bankruptcy in Commerzbank dispute
[1]The Bakırköy Commercial Court of First Instance rules for Commerzbank in a case that would force Goldaş into bankruptcy.
- 2013
High Court of Appeals changes the bankruptcy outcome
[1]Turkey's High Court of Appeals effectively reverses the lower-court result after accepting Goldaş's request for adjudication under British law.
- 2009
Goldart Holding raises its stake
[1]Goldart Holding purchases 1.6 million shares and reports a resulting 55.5% stake in Goldaş.
- 2009
Goldart Holding sells shares to investment funds
[1]Goldart Holding sells 11.4 million Goldaş shares to three investment funds after a reported increase in the company's stock price.
- 2008
Reported high-growth period concludes
[1]The reference material reports a 5,609% increase in turnover between 1998 and 2008 and identifies Goldaş as Turkey's fastest-growing company in a CNBC-e Business Magazine ranking.
- 1997
Corporate reorganization under Goldart Holding
[1]Goldaş is reorganized as a subsidiary of Goldart Holding under Yalınkaya Holding A.Ş.
- 1993
Goldaş is founded in Istanbul
[1]The Yalınkaya Group establishes Goldaş Jewellery as a Turkish jewellery fabrication and retail company.
Products and positioning
A vertically oriented Turkish jewellery business combining fabrication, branded product development, and retail distribution across gold, silver, wedding, and design-focused collections.
Gold jewellery
Goldas
Goldas was the company's principal gold-jewellery brand name. The available reference identifies it as one of the labels under which Goldaş marketed its products, but does not provide a detailed catalogue or product-level history.
Jewellery
Assortie
Assortie was one of Goldaş's consumer-facing jewellery labels. The source material lists the name among the company's multiple brands but does not specify its precise materials, collections, or target segment.
Silver jewellery
SilverD’sign
SilverD’sign was a silver-jewellery brand marketed by Goldaş. Its name indicates a design-oriented silver offer, although the available reference does not document individual collections or distribution details.
Wedding jewellery
WeddingD’sign
WeddingD’sign was Goldaş's wedding-focused label. It formed part of the company's broader multi-brand portfolio, but the available material does not describe specific bridal products, campaigns, or markets.
Jewellery
Danthel
Danthel was another jewellery brand used in Goldaş's product portfolio. No further product specifications or launch information are provided in the available reference.
Gold products
Chip Gold
Chip Gold was a gold-related label marketed by Goldaş. The source identifies the brand name but does not explain whether it referred to jewellery, investment products, or another gold format.
Silver products
Chip Silver
Chip Silver was a silver-related Goldaş label. The available source does not provide enough information to distinguish its exact products or commercial positioning.
Controversies
2013
Bankruptcy judgment and appeal
A Turkish commercial court issued a judgment favoring Commerzbank that would force Goldaş into bankruptcy. The company appealed, and the High Court of Appeals later effectively reversed the lower-court outcome after accepting a request for adjudication under British law.
2009
Banking claims by Bank of Nova Scotia and Commerzbank
Bank of Nova Scotia and Commerzbank filed lawsuits against Goldaş involving reported claims of $10.9 million and $11.1 million respectively.
2008
Société Générale gold-consignment lawsuit
Société Générale filed suit against Goldaş over an allegation that the company had not returned a large consignment of gold.
Brand decisions
2013
Challenge the Turkish bankruptcy proceedingsOtherBackground
A lower Turkish commercial court issued a judgment in favor of Commerzbank that would force Goldaş into bankruptcy.
Action taken
Goldaş announced an appeal and requested adjudication under British law before application of Turkish bankruptcy law.
Aftermath
Turkey's High Court of Appeals effectively reversed the lower-court bankruptcy outcome.
2009
Goldart Holding increases its controlling stakeM&ABackground
Goldart Holding bought additional Goldaş shares in January 2009.
Action taken
The holding company acquired 1.6 million shares, raising its reported stake to 55.5%, or 80 million shares.
Aftermath
Goldart Holding later sold 11.4 million shares to three investment funds after a reported stock-price increase.
Shareholding and share transaction. Goldart Holding held less than the reported post-purchase level → 55.5% stake, or 80 million shares; later sale of 11.4 million shares for TRY 14.14 million (January 2009 and subsequent three-month period)
1997
Reorganize Goldaş within a holding-company structureStrategyBackground
The Yalınkaya Group reorganized Goldaş as a subsidiary of Goldart Holding under Yalınkaya Holding A.Ş.
Action taken
Goldaş was placed within the new Goldart Holding structure.
Aftermath
The reorganization preceded the company's reported rapid growth between 1998 and 2008.
Sources1 sources
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