• Short Summary

    President Luis Echeverria officially opened the World Silver Fair in Mexico on Saturday (23 March).


  • Description

    President Luis Echeverria officially opened the World Silver Fair in Mexico on Saturday (23 March).

    The fair, which is sponsored by the Mexican Department of Tourism, included exhibits from 27 countries. The United States is the largest exhibitor with over half of the 225 pieces on show.

    A jury of delegates from several countries are to decide which are the best pieces on show.

    The fair, due to finish on 31 March, is a major Mexican tourist attraction. The opening day was marked with a parade of decorated floats from different regions of Mexico and horsemen, or charros, dressed in silver adorned clothes and sombreros riding silver-saddled horses.

    SYNOPSIS: In the streets of Mexico City on Saturday, a parade of decorated floats from the provinces of Mexico marked the opening of the World Silver Fair. The parae was a magnet for tourists from the United States and South America.

    Mexico has been famous for its silver for hundreds of years. When the spaniards took the country from the Aztecs, Mexico became the world's leading silver producer. Today Mexico has an output of thirty-eight-and-a-half-million ounces a year and is third behind Canada and the United States.

    Mexico keeps eleven million ounces for its own uses. The rest is exported. This year silver has earned Mexico millions of dollars. Silver, like god, has rocketed in price as speculators have invested their money in valuable metals as a hedge against inflation.

    The silver fair's exhibition was formerly opened by Mexico's President Luis Echeverria.

    Silversmiths from twenty-seven countries have entered examples of their work. A jury of delegates from several participating countries will announce their choice of the best work on display by March thirty-one - the closing day.

    Raw silver is today an important raw material. Vast quantities are used in the photographic and electrical industries. The small quantity that is used today for making ornaments and jewellery is usually diluted wiht other metals to make it harder and longer lasting. But still, ornamental silver dominated the Mexico fair. A total of two-hundred-and-twenty-five silver pieces were on show in Mexico this year. A hundred-and-twenty-nine of them were form the United States.

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