Mr. Sumeth Prasongphongchai Director of the Gem and Jewelry Institute of Thailand (Public Organization) or GIT revealed that exports of gems and jewelry excluding gold in January 2023 were worth $ 573.45 million, a decrease of 1.19%, including gold, worth $ 732.92 million, a decrease of 4.51%, which is a contraction. continued to decline from the fourth quarter of 2022 due to the slowing economy affecting the imports of Thai trading partners in many countries energy crisis problem that affect the consumption power of the people which is an important export market Found that many markets continued to expand well, for example, the United States increased by 18.88%, the United Arab Emirates increased by 52.68%, Japan increased by 11.10%, Belgium increased by 10.28%, Switzerland increased by 26.25%, Italy increased by 499.16%, and Germany decreased by 0.96%. Hong Kong, 20.03% reduction, United Kingdom, 35.74% reduction, and India, 68.50% reduction, with increased exports of important products such as gold jewelry, 34.56% increase, gemstone cubes, 19. 97%, polished gemstones, 78.88% more, polished gemstones, 74.18% more, silver jewelry, 21.76% reduction, platinum jewelry, 64.42% reduction, chunk diamonds, 18.38% reduction, polished diamonds, 39.01% reduction, imitation jewelry, 24.06% reduction. Precious metals decreased by 17.16% and gold decreased by 14.81%. In addition, despite the economy this year, the International Monetary Fund (IMF) reminds countries to take into account the unexpected. Amid a world increasingly vulnerable to panic Both the crisis after COVID-19 Russian-Ukrainian conflict and most recently earthquakes in Syria and Turkey. Including the uncertainty of the national economy. that may enter a recession All of which affect the global economy. The growth rate is expected to increase by only 2.9%, down from 3. 4% in 2022, so Thai entrepreneurs Must accelerate adaptation and use marketing that focuses on sticking to the BCG trend to create participation as an environmentally friendly product. There are ways to reduce carbon emissions in the supply chain. Create an identity for the product to create unique characteristics for the product and use innovation to market And should look for opportunities from markets that will return to play a role like China. from the opening of the country middle east countries with high purchasing power including emerging markets like India which tends to increase demand for gems and jewelry products
However, in order to find new styles of Thai gem and jewelry products that meet the needs of consumers and new markets of Thai gem and jewelry products, GIT Institute opened a platform for Thai and international designers. Unleash your creativity Submitted jewelry designs to win the GIT's World Jewelry Design Awards 2023 under the concept of "Glitter & Gold – The Brilliant Way of Gold Shine", jewelry inspired by glittering gold with the sparkle of gems. Win a total prize money of more than 240,000 baht, which the jewelry design contest is held annually. It is open to creators and designers as well as the general public who are interested in having a platform to unleash the power of creativity. and the motivation for Thai and foreign designers has developed potential and vision causing an exchange of ideas including perspectives between designers
In addition, GIT has set a contest topic under the theme “Glitter & Gold – The Brilliant way of Gold Shine”, inspired by the glittering gold and the sparkle of various gems that blend together to create an event. Creativity that fits resulting in beautiful, outstanding and unique jewelry pieces Which we expect to see works that can showcase the beauty of precious materials like gold. and the sparkle of jewels combined into beautiful accessories in line with various trends happened in a perfect way And must be able to develop into jewelry that can actually be sold. In which this contest has prizes worth more than 240,000 baht, with the winner receiving a prize worth 3, 000 USD with a plaque of honor The designer must submit a drawing without limitation on technique. or paintings from computer programs that matches the topic Not less than 3 pieces in 1 set or collection. In that collection, there must be a main necklace. and other accessories such as earrings, rings, bracelets. Those interested can download an application and submit their entries to the contest from today – May 12, 2023 via the website. www.gitwjda.com or send the work together with the application form by post or submit the work by yourself at the training department The Gem and Jewelry Institute of Thailand (Public Organization) No. 140, ITF Tower, 3rd Floor, Silom Road, Suriyawong Subdistrict, Bang Rak District, Bangkok 10500. For more information, please contact the Training Department at +66 2 634 4999 ext. 301-306 and 311-313. Apply at www.gitwjda.com .-Thai News Agency +66 2 634 4999 ext. 301-306 and 311-313 and see recruitment details at www.gitwjda.com .-Thai News Agency +66 2 634 4999 ext. 301-306 and 311-313 and see recruitment details at www.gitwjda.com .-Thai News Agency
Source: Thai News Agency