An international jewelry seller in a small town near the Israeli-Egypt border, selling everything from ancient Greek gold to Egyptian jewelry, has just closed its doors after being on the market for two years.
The owners of the store, in the town of Giza, are a pair of Jewish brothers, Menachem and Isaac.
They are among the first Jews to be born in Giza.
Their store was founded in 2006, and its owners had hoped to expand it to a larger store that would provide more options for consumers in the region.
However, the owners of a small jewelry shop called “Zion’s Jewelers” decided to sell the store and shut it down, citing the high costs of running the business.
“We decided to shut it because we could not afford the operation,” said the brothers.
“There was not enough revenue to keep the operation going.”
The brothers, who are Jewish, say they have struggled with the loss of their business, which they believe has been the result of competition from other Israeli-owned businesses that offer similar products.
They have had to make cuts in staff in order to operate.
“The cost of doing business in Gizi is so high that we have to cut our staff in half,” said Menache Menachet.
“And then we have another shop, which is a different business model from the first one, which has the same name.”
The brothers are now planning to open a new shop in the nearby town of Yatta.
Menachere Menached said the business plan is still in place.
“In Giza we sell every year, so there is always demand,” he said.
“But now we are going to expand the operation and make it profitable.”