BANGKOK, THAILAND – The Thai Gem and Jewelry Traders Association (TGJTA) recently hosted a high-level delegation from the Bharat Diamond Bourse (BDB), the world's largest diamond bourse, to fortify strategic collaboration and enhance trade networks between the Thai and Indian gemstone industries.
The meeting was led by Mr. Atul Jogani, Vice President of TGJTA, who welcomed Mr. Mehul N. Shah, Vice President of the Bharat Diamond Bourse. The delegation met with TGJTA's leadership, including Mr. Chompol Phornchindarak, President of TGJTA, and Mr. Somchai Phornchindarak, President of The Gem, Jewelry and Precious Metal Confederation of Thailand, to discuss synergistic opportunities for growth.
The Bharat Diamond Bourse, with its more than 4,000 members, stands as the global epicenter for the diamond trade and is home to India's leading diamond companies. This engagement marks a pivotal moment for TGJTA, reinforcing its mission to propel Thailand's gem and jewelry sector onto the world stage and solidify its standing as the premier Jewelry Hub of the region.
A key highlight of the discussion was TGJTA's presentation of its pioneering initiative, Gemports: The Colored Gemstone Report. This cutting-edge platform is designed to establish an international standard for colored gemstone pricing, initially launching with reports for Ruby and Sapphire. The objective of Gemports is to introduce unprecedented transparency into the colored gemstone market, thereby bolstering confidence among traders and positioning these precious stones as a credible and valuable asset class for global investors.
This strategic dialogue represents a significant step forward in harnessing the combined strengths of Thailand's leadership in colored gemstones and India's dominance in the diamond sector. The collaboration between TGJTA and BDB is set to pave the way for sustainable, mutual growth and a more integrated future for the industry on the global trade arena.
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