TGJTA prepares to host Thailand Gems & Jewelry Fair 2016
BANGKOK, May 4, 2016 – The Thai Gem and Jewelry Traders Association (TGJTA) has unveiled plans to stage the Thailand Gems & Jewelry Fair 2016, to be held from September 7 to 11, 2016, at Impact Muang Thong Thani, Bangkok.
The Thai Gem and Jewelry Traders Association (TGJTA) was established with the aim of supporting and promoting Thailand’s gem and jewelry industry.
The industry is ranked third within the country in terms of export value, generating 371 billion baht (US$10.6 billion) worth of exports in 2015.
Part of the TGJTA’s strategy is to support and promote the kingdom’s gem and jewelry industry alongside tourism, by encouraging visitors to take gems and jewelry back to their home countries at the end of their visit.
Suttipong Damrongsakul, President of the TGJTA, said Thailand’s gem and jewelry exports are ranked third in Asia.
The industry makes a substantial contribution to the country’s economy through the employment it generates and its high value-added content.
It is also considered a “green” industry.
The TGJTA aims to encourage companies involved in Thailand’s gem and jewelry industry to become more competitive, and greatly appreciates government support to increase private sector competitiveness.
For 2016, the TGJTA believes that Thailand’s gem and jewelry industry should focus on six core areas: building up more skilled workers and designers; addressing the shortage of upstream import materials; establishing new markets; amending laws to support the industry; encouraging the development of new technology and new products; and providing assistance for SMEs to access financial support.
