CIBJO President proposes Thailand strengthen regional role at government/jewellery industry summit in Bangkok

AUGUST 9, 2016

CIBJO President Gaetano Cavalieri has proposed that Thailand position itself as the primary access point to the gemstone and jewellery industries and markets of the ASEAN bloc in Southeast Asia, serving as a centre that connects and services the entire region, and also acting as a bridge-way that links it to the world. He was the keynote speaker at a dinner summit held in Bangkok on August 8, organised by the country’s Department of Trade Promotion (DITP), which brought together senior government and industry representatives to consider strategies for consolidating Thailand’s leadership role in the business.

DITP, which is the department within Thailand’s Ministry of Commerce responsible for promoting the country’s export industries, has recently expanded its involvement in the critically important gemstone and jewellery industry, taking over the management of the Bangkok Gems and Jewellery Fair. Its summit in this week was presided over by Apiradi Tantraporn, the Minister of Commerce, who was joined by the DITP Director General, Malee Choklumlerd.

Reviewing the position of Thailand in the gemstone and jewellery business, Dr Cavalieri noted that, while it undoubtedly has achieved the status of a world leader, seeing its exports grow over the past 10 years by almost 300 percent to about $11 billion, and peaking in 2012 at $13.1 billion, it is not always considered way internationally.

“Thailand’s second-tier status as a centre has less to with production and sales capacity than it has to do with way that it is perceived in the business,” he said.  “But perception is critical, for the way you are perceived by others affects your ability to market your products, and consequently is a principal factor in deciding whether you will be able to optimise sales and exports. As it is said, success breeds success, meaning that, it if you are better able to project your image as a world leader, then it more likely that you will optimize your export capability.”

“Your credentials as a major gem and jewellery centre are indisputable,” Dr Cavalieri continued. “But what then are the elements that set you apart? What is your USP, or Unique Selling Proposition?”

Dr Cavalieri proposed that Thailand be positioned as the ASEAN jewellery trade centre, providing an easily accessible and navigable gateway to a massive region, which also includes Indonesia, Malaysia, the Philippines, Singapore, Myanmar, Cambodia, Laos, Vietnam and Brunei

“Besides being a rich source of gemstones and pearls, and home to a group of fast-growing gemstone and jewellery industries, it is a region with a population of than 600 million people, which is larger than those in the European Union or North America, and it has the third-largest labour force in the world, behind China and India,” he explained.  “According to a McKinsey study from two years ago, if the ASEAN bloc were a single country, it would already have already constituted the seventh-largest economy in the world in 2013, with a combined GDP of $2.4 trillion. It is projected to rank as the fourth-largest economy by 2050.”

For Thailand, the status of the primary ASEAN gem and jewellery centre could be an irresistible USP, Dr Cavalieri stressed.

Dr Cavalieri expressed his admiration for the commitment being shown by the Thai government and DITP to strengthen the position of the country’s gemstone and jewellery industry, which today accounts for 5.13 percent of the country’s exports. In particular, he expressed his support for the Bangkok Gems and Jewellery Fair, which will be held for the 58^th time this September, and suggested that it too become recognized as the ASEAN trade show.