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     The recent report titled "Asia Gems and Jewellery Industry Outlook to 2015 - China Outpacing India as the Market Leader in Asia" Providers a comprehensive analysis of the gems and Jewellery Industry in major Asian countries, namely India, China, Japan, Hong Kong and Thailand. The report covers various aspects such as market size of the gems and (Public Organization) is to encompass the study, research, collection, analysis and preparation of the database jewellery sector on the basis of revenue generated from retail sales; marketing. and its trading partners and competitors. The data covers such aspects as raw materials. production, design, import-export statistics, consumption behaviour, product style. taxation structure. trade regulations, as well as trade and investment opportunities and obstacles. The information centre is purported to guide and caution the Thai gem and jewellery industry and disseminate information to entrepreneurs, relevant public and private sectors, students and interested public in general.

     The Asian gems and jewellery market has shown great resilience and growth over period. The market has been an influential foreign exchange earner for the region, Asia among the largest export markets in the world. The region has emerged as a hub diamond and precious stones cutting, and gold production and trading, leveraging on low labour costs, and adroit artisans.

     India is the largest consumer of gold jewellery in the world. India is currently leading diamond cutting and polishing hub of the world and is also the third largest consumer of polished diamonds behind the US and Japan.

     Greater China, which includes the China Mainland and Hong Kong, is currently second largest market in Asia closely behind India and is poised to topple India to become the leading gems and jewellery consuming region in Asia.

     Japan is the third largest consumer of polished diamonds and one of the leading consumers of gold, precious stones and studded jewellery in the world. But over the period, Japan’s jewellery consumption rate has been decreasing.

     Thailand is seeking greater opportunities to expand its gem and jewellery market in the ASEAN region, a large market of 600 million people. According to the Information Center of the Institute. Brunei Darussalam. Malaysia. and Singapore are major markets for gem and jewellery trading, with a combined value of 90 percent in the region. Cambodia, Indonesia, Laos. Myanmar, the Philippines. and Vietnam are important sources of raw materials.

     Thailand is a leading jewellery producer and exporter. Thailand is one of the foremost producers of sapphire and the world’s leading market for processing of coloured stones. Thailand’s gems and jewellery exports have consistently grown over the period, even during times of economic recession.

     Thai Gem and Jewelry Traders Association Vice President Anthony Peter Brooke said, “There is not yet that much competition from other centres. Thailand focuses largely on corundum, namely sapphires and rubies. India is a huge processing point for emeralds and other gemstones. China is becoming more of a player — they are taking up container-loads of rough from Africa, but a lot of that is for large, massive stones such as tabletops and ashtrays. So when it comes to gemstones, Thailand is still pre-eminent.”
     Thailand’s expertise in cutting rubies and sapphires has not gone unnoticed. Buyers head to Bangkok for their corundum needs, with China leading the charge in recent years. Pak Import Export Co Ltd has been specialising in the processing and sale of rubies sapphires for some 40 years now. It sources its sapphires mainly from Sri Lanka and cuts these in bigger sizes at its factory in Bangkok. Company executive Rungravee Prompattanapakdee said, “We have developed a special cut for sapphire that intensifies the stones’ lustre. Blue sapphires of 3 to 4 carats are our bestsellers nowadays.'Our clients come from mainland China and they always ask for blue sapphires of 3 to 5 carats. Prices have gone up by more than 30 percent compared to last year, but demand from China has remained quite strong.”

     To tap the vast demand in China, Thai gemstone and jewellery traders, in large numbers, are exhibiting at the Hong Kong Fairs, four times each year. The Thai gemstone industry, which historically has proven its versatility many times over, is again seeking out the markets where demand is strongest.

Cover picture :
Created by Van Cleef & Arpels, this stunning piece can currently be seen in the Timeless Beauty exhibition at the Shanghai Museum of Contemporary Art. Focusing on the Van Cleef & Arpels legacy, the exhibition offers an informative guide to over one hundred years of high-end jewels, showcasing 370 pieces of jewellery, watches and accessories. Until July 15.


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