To beef up the gem and jewellery exports from India, the Indian gem and jewellery have inked MoUs with Thailand’s jewellery trade to strengthen the trade ties between the two countries. The gem and jewellery exports from India to Thailand constitute 15% of the total export target for the Southeast Asian nation. Thailand is among the top 10 importers of gems and jewellery products from India.
India’s overall gross exports of gems and jewellery stood at US$ 23188.12 million in the first ten months of FY 25, showing a decline of 12.11% compared to the same period of the previous year.
Gems and Jewellery Research and Laboratories Centre (IIGJ-RLC) signed a memorandum of understanding (MoU) with the Gem & Jewelry Institute of Thailand (GIT), a public organization under Thailand’s Ministry of Commerce. The second MoU has been inked between the Jewellers Association Jaipur and with Chanthaburi Gem and Jewellery Traders Association and the third one is between Sitapura Gems and Jewellery Industry Association (SGJIA) and with Thai Silver Exporter Association (TSEA).
Talking about the MoU between GJEPC’s Indian Institute of Gems and Jewellery Research and Laboratories Centre (IIGJ-RLC) with GIT Thailand, Nawal Agarwal, Chairman, IIGJ Jaipur & Director, IIGJ-RLC, said, “The MoU will help in 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.”
Commenting onthe MoU between Jewellers Association Jaipur and Chanthaburi Gem & Jewelry Traders Association Alok Sonkhia,President, of Jewellers Association Jaipur, said, “The MoU between Jewellers Association Jaipur and Chanthaburi Gem & Jewelry Traders Association will strengthen the coloured gemstone trade between India and Thailand.”
Speaking about the MoU between Sitapura Gems and Jewellery Industry Association and Thai Silver Exporters Association, Arvind Gupta, President, of Sitapura Gems and Jewellery Industry Association said, “The collaboration between Sitapura Gems and Jewellery Industry Association and Thai Silver Exporters Association will boost the silver jewellery trade by fostering innovation, design excellence, and market expansion.