Thai Gem and Jewelry Traders Assn, Shanghai Gems & Jade Exchange Sign MoU

(IDEX Online) – The Thai Gem and Jewelry Traders Association (TGJTA) has teamed up with the Shanghai Gems & Jade Exchange to create a jewelry confederation.

The aim of the move is to boost jewelry trade and exchanges between China and Thailand "to establish a modern-day 'silk road' under the name of the China-Thailand Gemstone Traders Association (CTGA).

"Complementing each other’s advantages, this confederation will build a bridge of exchange, communication and trade cooperation in the gems and jade market of both countries," the TGJTA said in a statement.

The Memorandum of Understand (MoU) was signed on May 9 by Wang Wan Fong, President of the Shanghai Gems & Jade Exchange, and Suttipong Damrongsakul, President of the TGJTA.

“The China-Thailand Gemstone Traders Association or CTGA will be holding activities for members such as buyer missions and booth exchanges while facilitating trade between the two countries,” said Suttipong. “Moreover, the CTGA will be collaborating with other associations in countries like Russia and Cambodia to increase trade in the region.”

The TGJTA delegation visited the Shanghai Gems & Jade Exchange as well as bringing 16 exhibitors from Thailand to showcase at the Jewelry Shanghai 2017 tradeshow.

“We believe that strong cooperation across the region is a key tool to drive forward the current industry’s challenge. China and Thailand has been a strong alliance for each other and this would make the region as the center of future global jewelry market” said Suttipong.

The TGJTA will be holding the inaugural Thailand Gems & Jewelry Fair from June 15 to 18, at IMPACT Challenger 2 in Bangkok.

Suttipong Damrongsakul (left), President of the TGJTA China-Thailand Gemstone Traders Association at the MoU signing ceremony with Wang Wan Fong, President of the Shanghai Gems & Jade Exchange.