By  on May 20, 2013

There is a saying in Turkish about Istanbul: Its stone and earth are made of gold. Never mind the historical wars fought over the city and the determination of the Turks to win it from the Byzantines — in modern times, too, governments have done all they can to make the most of its gold.

This story first appeared in the May 20, 2013 issue of WWD. Subscribe Today.

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