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
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
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.
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.