Three MoUs were signed by jewellery manufacturers from India and Thailand in Bangkok.
The ceremony, attended by delegations from the Gem and Jewellery Export Promotion Council (GJEPC), Jaipur Jewellers Association and Sitapur Gem and Jewellery Manufacturers Association (SGJIA), as well as key representatives from the Thai industry, took place on the opening day of the 71st Bangkok Gem and Jewellery Fair (BGJF), which is being held from February 22 to 26 at the Queen Sirikit National Convention Centre.
The agreements, according to GJEPC press release, underscored the commitment of both countries to strengthen long-term cooperation in the gem and jewellery sector.
The MoUs, among others, were signed between the Indian Institute of Gems and Jewellery, GJEPC Research and Laboratory Centre (IIGJ-RLC) in association with GIT Thailand; Jaipur Jewellers Association and Chanthaburi Gem and Jewellery Dealers Association; Sitapur Gem and Jewellery Manufacturers Association and Thailand Silver Exporters Association (TSEA).
According to IIGJ Jaipur Chairman and IIGJ-RLC Director Nawal Agarwal, “The MoU between IIGJ-RLC and GIT marks a significant step toward harmonizing gemstone standardization, fostering joint research, and enhancing knowledge exchange.” “By working together, India and Thailand are ensuring higher levels of trust, transparency and excellence in the global gem and jewellery industry,” he said. Agarwal invited Thai associations to participate in the upcoming Saudijex in Jeddah in September this year, proposing to set up a dedicated Thai pavilion to further strengthen trade ties and develop new avenues of cooperation between India and Thailand.
The agreements are also intended to enhance the trade in coloured gemstones as well as silver jewellery between India and Thailand. Through knowledge sharing, enhanced trade opportunities and joint participation in global events, the partnership will expand market reach, support industry growth and strengthen the roles of both countries as key players in the international gemstone sector, the delegations highlighted.
Hélène Tarin, Editor-in-Chief of the Asian Bureau, Rough&Polished
