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( AFP PHOTO / ANDREAS SOLARO / August 4, 2012 ) Gold and silversmith president at the national business association Confindustria, and CEO at Italpreziosi gold refinery company, Ivana Ciabatti, shows gold bars with different weghts, in Arezzo, on May11, 2012 .Italy's traditional goldsmiths are up in arms over a boom in the poorly regulated cash-for-gold sector that they say is making billions for the mafia as hard-up Italians rush to sell off their bling. Italy historically has some of the highest rates of gold jewellery ownership in the world because of cultural traditions like gifts of gold chains but also because ownership of gold bullion was illegal until a decade ago. |
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