GIT accelerates the expansion of the gem and jewelry market, driving positive exports.

Nonthaburi 30 Apr-Director of the Gem and Jewelry Institute of Thailand (Public Organization) or (GIT) reiterates its plan to accelerate the export of gem and jewelry products by leading entrepreneurs Expand the market for the remainder of the year. through various exhibitions Along with creating product standards to build confidence among buyers around the world, it aims to drive gem and jewelry exports this year to continue to grow positively. I am pleased that this group of products is the third largest exporter in Thailand.

Mr. Sumeth Prasongphongchai Director of the Gem and Jewelry Institute of Thailand (Public Organization) or GIT said that in 2023, the BCG concept is still used to develop entrepreneurs. from upstream to downstream through many projects, including jewelry design contests using natural materials and a project to develop southern jewelry identity for tourism (Southern Charm) that focuses on bringing indigenous materials to create new pieces. that meets the needs of the world which will continue to focus on the GIT STANDARD standard which entrepreneurs And many private sectors began to use this standard more and more. At present, there is a standard list of methods for analyzing and testing gems. 22 scopes that have already been announced, and this year, 3 scopes will be added, namely emerald, pearl and purity of silver. And there are also standards of business ethics.

However, most importantly, GIT as a representative of Thailand Which joins as a member of the international non-profit organization that creates standards for conducting business with social and environmental responsibility in the gem and jewelry industry throughout the supply chain or RJC (Responsible Jewelery Council) so that the sender out ready for change Because the current operator and major importers Including all brands Become a member of the RJC, which if the seller Unable to inform the origin of raw materials or taking advantage of labor will not be able to buy gems from that entrepreneur, so has continued to train for Thai entrepreneurs

In addition, another important approach is the marketing channel. by the second half Collaborate with trade show organizers Especially the 68th Bangkok Gems and Jewelry Fair between 6-10 September 2023 at the Queen Sirikit National Convention Center. Currently, 2,200 booths have already been reserved for booths, which will be an important force that will help push Thailand to be the center of gem and jewelry trading. and the Chanthaburi International Gem and Jewelry Festival 2023 in December Including the promotion of jewelry online, which has become increasingly popular Through the Buy With Confidence program, buyers can be confident because they have a certificate from GIT.

The trend of exports of gems and jewelry this year believe that it will continue to expand well according to assessments from many agencies abroad It is seen that the gems and jewelry sector continues to grow by 4.5 - 6%. Thailand will re-evaluate with the Ministry of Commerce and the private sector. But it is confident that it will expand better than last year. From the year 2022, the value of gems and jewelry exports, excluding gold, worth more than 8 billion US dollars. grew about 30% and in the first 2 months of this year The export value of gems and jewelry excluding gold was 1,586 million US dollars, plus 36.86%, but still had to monitor war and inflation problems that would affect purchasing power, etc.-Thai News Agency

Source: Thai News Agency