Issue 13th: 29 Sept 2014
DITP Director General, Nunthawan Sakuntanaga, explained this month that the current boom in the gem and jewellery business in China is a consequence of the rising middle-class in that country.
“China’s GDP rose 52% in four years (2010-2013) and its domestic production of jewellery in 2014 has increased 31% when compared with 2013. The current jewellery business trend in China is to purchase stylish jewellery as gifts for special occasions or to express one’s well-being. As the number of young middle-class Chinese will hit 500 million in 2020, it can be forecast that gems and jewellery will have a high demand,” said Sakuntanaga.
Thailand ranks fifth in exporting gemstones to China and number one in pearls. Jewellery and gem expositions or trade fairs such as the 54th Bangkok Gems &Jewellery Fair hosted by the DITP and the Thai Gem and Jewellery Traders Association will help stimulate exports and provide the meet-and-match opportunities for jewellery buyers and supplier.
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