Exports of gems, jewellery expected to grow by 10% this year

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/Exports-of-gems-jewellery-expected-to-grow-by-10-t-30284747.html

GEMS

GEM and jewellery exports are expected to grow by 10 per cent to US$7.89 billion (Bt278 billion) this year, ensuring Thailand’s position as the world’s 13th-biggest supplier of the products.

Malee Choklumlerd, director-general of the International Trade Promotion Department, said yesterday that exports of jewellery and ornaments this year should grow strongly to many markets, despite the uncertainty over global economic growth, as Thai gems are highly recognised as quality products with good designs.

Last year, exports of jewellery and ornaments reached $7.18 billion.

Preeda Tiasuwan, chairman of Pranda Jewellery, one of Thailand’s major jewellery producers and exporters, also said exports of gems should grow beyond 10 per cent this year on strong demand in many markets.

Thai gems and jewellery are well accepted in international markets.

“Thai products rank in a good position compared with China and Vietnam. Thailand has high expertise in cutting and design in the industry from upstream to downstream. Thus this industry will continue to be the country’s key export driver,” she said.

In the first quarter of this year, exports of jewellery and ornaments excluding gold were up 3.1 per cent to $1.98 billion, while exports of jewellery and ornaments including gold surged 72.3 per cent to $4.72 billion.

Preeda said sales of jewellery and ornaments had grown strongly thanks to online trading and the booming tourism industry.

About 10 per cent of foreign travellers’ spending will be on jewellery and ornaments, she said.

The department will hold the 58th “Bangkok Gems and Jewellery Fair” from September 7-11 at Impact Muang Thong Thani.

Malee said performing as the host of the major event was a significant mission. It is also a mechanism for the department to support the government’s policy aimed at developing Thailand’s competitiveness in trading and producing gems and jewellery, as the country is stepping up to become the world’s centre of this industry.

The fair will serve as a critical platform to open up new opportunities for buyers around the world who are seeking raw materials, want to update innovations and new technologies, need quality gems and jewellery from leading producers, and wish to negotiate with new trading counterparts.

It will also pave the way for small and medium-sized enterprises to expand into international markets and provide Thai designers and gem and jewellery brands with new venues to stage their work.

The department also hopes to make Thailand’s Gems and Jewellery Fair one of the top three events of its kind in the world by 2018.

This year’s fair will come up with a fresh new look and be equipped with greater efficiency to ensure enhanced effectiveness.

The department has integrated its operation with partners in the private and public sectors. It believes that the fair will attract significant numbers of new buyers and new importers.

“Exhibitors and business operators have signed up for more than 400 booths,” Malee said.

About 30,000 participants from around the world are expected to attend the event.

To assist the exhibitors, the department plans to provide commuting services to and from the venue and information about nearby hotels.

It has tightened up the security system, including personnel and surveillance cameras, to make them more effective than at previous fairs in assuring exhibitors and visitors of their safety.

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