Thailand’s exports of gems and jewelry are expected to increase by some 10-15% to to US$11.826-US$12.364 billion this year, according to Mrs. Srirat Rastapana, Director General of the Department of Export Promotion in Thailand’s Ministry of Commerce.
According to Rastapana, gems and jewelry earnings jumped 18% to US$9,761 billion in 2009. With a real commitment to gaining the regional leadership in fashion in areas of textile, garment, gems and jewelry, the Government had worked closely with related industry associations to identify proactive strategies in order to achieve the export target.
Strategic approaches for the gems and jewelry sector include, for instance, building trade relationship with neighboring countries to benefit the development of new sources of materials, promoting the Gem and Jewelry Institute of Thailand (Public Organization) or GIT as the center for testing and certification for Asia under CIBJO standards, and establishing the country’s first Gems Bank.
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