Welcome to...
GIT Information Center
Free Publications 2021
Welcome to...
GIT Information Center
Gem & Jewelry Activities 2021
Welcome to...
GIT Information Center
Update Gem & Jewelry news with us here
GIT Information Center
Gem and Jewelry Industry Sets to Reduce Carbon Footprints
Gem and jewelry industry is one of the industries contributing to air pollution throughout its supply chain from material sources to delivery of finished products to consumers. Most of the production cycles creating high carbon footprint are of gem and precious metal mining as well as manufacturing processes to create jewelry. Inevitably, carbon dioxide is released into environment through these processes. Nowadays, many companies in the industry have increasingly given priority to environmental issues. With the goal to decrease greenhouse gas emissions, manufacturing processes have been adjusted to employ green renewable energy.
GIT Information Center
Thailand Gem and Jewelry Import-Export Performance January 2021
Thailand’s gem and jewelry import value in January 2021 was at USD 1,469.84 million, a 1.45-fold growth, compared to the same period of the previous year. While Thailand’s gem and jewelry export value of 2021’s first month in US dollar slumped 70.68 percent from USD 1,734.87 million of the same period of 2020 to USD 508.64 million.
GIT Information Center
Country Brand: Elevating Gem and Jewelry Export
Country Brand, a marketing strategy, has increasingly drawn attention of many countries because a good national image is a tool in ensuring product quality as well as raising competitiveness and adding value to products. For instance, consumers have no hesitation in purchasing products made in Germany or Japan. This is because they are confidence of the countries’ production quality; hence they are willing to pay despite high prices. However, a country’s respectable image requires long accumulated reputation and continued image building marketing. Which countries have started to build their country brand to boost export opportunity? More details are featured in the following article.
GIT Information Center
Ethics and Sustainability: New Gem and Jewelry Standards
Ethics and sustainability have been recognized and practiced by many sectors. The gem and jewelry industry has also built awareness and specified the definition of ethics. It covers from upstream to downstream—transparent mining, providing good hygiene for workers, offering origin traceability throughout supply chain, being mindful of possible impacts to environment and neighboring communities, using reused or recycled materials, and giving fair wages.
GIT Information Center
Thailand Gem and Jewelry Import-Export Performance 2020
Thai gem and jewelry export value of 2020 increased 15.94 percent whereas import value dropped 33.51 percent. Unwrought or semi-manufactured gold remained the dominant product in import and export. Thailand’s gem and jewelry export value excluding unwrought or semi-manufactured gold slid 40.09 percent from the previous year.
GIT Information Center
Thailand Gem and Jewelry Import-Export Performance January-November 2020
Thailand’s gem and jewelry import value of January to November 2020 was at USD 7,454.53 million, a 34.85 percent slide, compared to the same period of last year. While Thailand’s gem and jewelry export value from January to November 2020 was at USD 17,548.80 million, a 17.24 percent rise compared to the value of USD 14,968.31 million of the same period of the previous year.
Informa Markets Jewellery reveals full slate of upcoming omnichannel events
Informa Markets Jewellery intends to organise 20 in-person events and eight virtual sourcing festivals over the next 12 months to help the international jewellery industry regain its footing after over a year of pandemic-induced challenges.
Alrosa Sales Rise as Market Strengthens
Alrosa’s sales jumped sharply in the first quarter as market activity rebounded across the diamond supply chain, the company said last week. Revenue from rough and polished diamonds grew 28% year on year to $1.16 billion for the first three months of 2021.
Stimulus Spurs March US Retail Sales
US retail sales rebounded strongly in March as consumers went out to spend the stimulus money they had received from the government, the National Retail Federation (NRF) said. Revenue rose 28% year on year and 10% versus February’s total as consumer sentiment grew, according to data the US Census Bureau reported last week.
The Jewelry Industry Isn’t Really Shrinking Anymore
The Jewelers Board of Trade’s (JBT) roster of North American jewelry companies stayed relatively flat in the first quarter of 2021, a surprising turnaround after more than a decade of steep declines.
Diamonds Remain a Key Element of Marriage, Despite COVID-19 Disruptions
In the United States, at least 62 percent of wedding receptions have been postponed, and micro-weddings with less than 20 guests are becoming a new norm. However, despite delays and limits on social gatherings, there’s a marriage tradition that hasn’t changed: sealing the deal with a diamond engagement ring.
LVMH reports strong rebound in jewellery sales
Sales at LVMH Moët Hennessy Louis Vuitton’s luxury jewellery houses rose 138 per cent year on year in the first quarter of 2021, due in part to its recent acquisition of Tiffany & Co.
GSI looks to advance coloured gemstone tracing with opening of new facility
Gemological Science International (GSI) is opening its latest laboratory, this time in the city of Jaipur in India. These will include an array of educational programmes, including entry-level and advanced coloured stone identification courses, seminars and lectures.
Jewellery & Watch and Fashion to make return at Autumn Fair 2021
Jewellery & Watch and Fashion (JWF), part of Hyve Group’s Autumn Fair, is set to return in a physical format after the pandemic. It will take place at the usual venue of Birmingham’s NEC from 5-8 September, 2021, with the show organisers promising to provide key networking opportunities to kickstart the industry once more.
Alrosa Delays April Trading Session
Alrosa has pushed back its April contract sale by a week to support the diamond industry’s inventory balance. The next trading session will begin on April 19 instead of April 12, 2021.
Have you read news today?
Videos
Go to youtube channelFree Publications
Read more
140 ITF Tower Building, 4th Floor, Silom Road, Suriyawong, Bangrak, Bangkok 10500, Thailand
Phone: (662) 634-4999 ext 444
Fax: (662) 634-4970
