DMCC, Thai Gem and Jewelry Association Cooperate to Boost Gem Trade

The Dubai Multi Commodities Centre (DMCC) announced Wednesday an agreement signed with the Thai Gem and Jewellery Traders Association (TGJTA), making the Thai organization the first affiliate member of the Dubai Gems Club (DGC), a strategic initiative of DMCC’s Coloured Stones and Pearls Division.

The agreement is expected to boost trade opportunities between Dubai and Thailand. Thailand is a major global gem trading and processing center and is the second largest exporter of gems and jewelry in the world, with exports over $2 billion.

Under the terms of the agreement, TGJTA members will access DGC’s network of local and international markets. As an affiliate member, TGJTA will also have access to the training facilities of the DGC, located in Almas Tower.

Gaiti Rabbani, executive director of the DMCC’s Coloured Stones and Pearls Division, said, “We strongly feel that the colored stones industry needs a unified and comprehensive marketing strategy that will drive demand across the emerging consumer markets. DMCC’s affiliation with TGJTA will offer Thailand’s colored stones community a dedicated platform to further boost their trade, and will in turn positively impact the entire value chain of the colored stones industry.”