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     The Thai Gem and Jewellery Traders Association forecasts this year's Thai gem and jewellery exports will exceed 400 billion baht. Association president Somchai Pornchindarak said the forecast was based on the uptrends of the industry which could see 6-7% growth. The upcoming Asean Economic Community (AEC) integration next year will also contribute to the grownth of gems and jewellery exports, he said. Besides, he said, gems and jewellery are not covered by the proposed heritage tax and that is another reason that added to its grownth.

     The Asean+6 gems and jewellery leaders convene at the 3rd Asean Presidents' Summit during the 54th Bangkok Gems & Jewelry Fair to determine the AEC future. Once more, leaders in the gems and jewellery trade and manufacturing in 10 Asean countries and 6 important trade partner countries have travelled to Bangkok to meet and determine the future of regional industry preparing for the Asean Economic Community.

     Under the leadership of Mr Somchai Pornchindarak, President of the Gems, Jewelry and Precious Metals Confederation of Thailand (GJPCT) and the Thai Gems and Jewelry Traders Association (TGJTA), the Asean Gems and Jewelry Presidents' Platform is emeraging as a the most important forum for regional trade and cooperation dialogue for gems and jewellery within the 10 Southeast Asian nations.

     The AEC will come into effect at the end of next year. Many industries within the region are gearing up to meet the standardization set forth in the AEC Blueprint. The Asean gems and jewelry Presidents' Platform has helped the region's gems and jewellery sectors in plotting our a course for the industry. Experts estimate that more than 6 million new jobs will be created.

     This is the third time that leaders of the gems and jewellry industry of Asean as well as 6 important trade partners , namely China, India, Japan, South Korea, Australia and New Zealand, meet to plot out guidelines how to develop the industry within the AEC framework. With the inclusion of China and India, which are leading the world in terms of manufacturing, resources and trade, it presents the regional gems and jewellery trade with robust opportunities.

     According to Mr Somchai, "The AEC presents a great opportunity for all members involved. Thailand has a long tradition of gemstones manufacturing and trade, which can act as a catapult for Asean countries to reach the world and vice versa. However, there are also raw material in gems and jewellery in many Asean members, especially Myanmar. So it is also very beneficial for Thailand, which needs raws materials to meet our manufacturing demands."

     The cooperation within the Asean region in the gems and Jewellery sector, spearheaded by the TGJTA and GJPCT is along the same lines as the efforts of the Thai government, especially the department of International Trade Promotion. Through combined government and private sector efforts, Thailand has emerged as one of the most important gems and Jewellery production and trading countries in the world, with an aggregate trade volume in excess of US$14 billion per annum.

Cover picture :
The Thai Phuangmalai, or garland of flowers, is a traditional offering in Buddhist religious ceremonies, and in Thai cultural events. This Award Winning Jewellery, designed and created by Gem Production Co., Ltd. a leading Thai Jewellery manufacturer, retailer and exporter based in Bangkok, incorporates

Gold 18K 112.68 gms.
Diamond 1.62 cts.
Ruby 97.93 cts.
Tsavorite 1.86 cts.


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