January 22, 2025 Mr. Chomphol Phornchindarak, President of the Thai Gem and Jewelry Traders Association (TGJTA) for the 2024–2026 term, unveiled his administration’s policies at the TGJTA headquarters in Bangkok. His vision centers on elevating Thailand’s gem and jewelry industry as a global leader and a key pillar of the nation’s economy.
“The TGJTA is dedicated to transforming Thailand’s gem and jewelry industry into a world-class hub, leveraging innovation, infrastructure development, and the strategic Gemports project to position gems and jewelry as significant investment assets in the global economy,” Mr. Chomphol stated.
Key Objectives Include:
Positioning Thailand as a global trade hub by hosting world-class exhibitions and trade shows, streamlining logistics for enhanced efficiency, and fostering collaboration between public and private sectors.
Enhancing global competitiveness through advocacy for tax reforms, reducing regulatory constraints, and promoting skilled labor and innovation to maintain leadership in quality and value.
Strengthening the industry’s role in the economy by boosting export value, supporting SMEs, and creating job opportunities.
Transforming gems and jewelry into investment assets via the Gemports project, including developing universal standards, building a transparent trading platform, and educating markets on gems and jewelry as stable, high-value investments.
TGJTA aims to expand export markets in key regions like China, India, the U.S., and Europe while tapping into emerging markets. Digital solutions and sustainability will be integral to driving the industry forward.
By implementing these initiatives, TGJTA seeks to solidify Thailand’s status as a global leader in gems and jewelry and establish the industry as a driver of sustainable economic growth.