Thailand, the ancient Kingdom Of Siam, land of gilded temples and palaces. The capital of Bangkok is a top tourist destination. Thailand doesn’t fail to interest. Beyond its aesthetic attraction, Thailand is also attractive for another reason. It’s a booming hub for the jewelry market Manufacturing.
Thailand is a global destination for quality jewelry. Jewelry has been part of Thai culture for centuries. And why do some cultures have a thing against men wearing jewels? In Thailand, it’s pretty standard for both men and women to wear jewels. This is a daily sight in the streets of Bangkok. Jewelry there isn’t just business; it’s a way of life.
Southeast Asia is a region rich in quality sources of gemstones like rubies and sapphire sought for both at home and abroad. It boasts of sources of material for fine jewels.
Thailand alone sits on a large deposit of natural silver. It’s no surprise, therefore, that in just a year, 2019, Thailand produced 50,000 metric tons of silver. Thailand is also the world’s largest exporter of silver. It contributes 23% of the world’s market share. For over fifty years s, it has supplied the world with quality silver Manufacturing.
What this means is that supply shortage, running out of stock, and disappointing customers wouldn’t be troubling you if you choose to do business with Thailand jewelry manufacturers. The jewel materials of the ancient Kingdom of Siam are more than enough to handle your problems. The jewelry manufacturing market is booming. It’s a gold mine. If you want quality jewels, Thailand is the place to get them manufactured. Here are four more reasons to convince you.
4 Reasons Why Thailand is Known for Jewelry Manufacturing
Thailand Practically has Culture and History Covered In Glitter!
For the last two centuries, knowledge of jewel making has been passed down from generation to generation in the Royal Palace. It approaches a sense of sacredness as a way of life. It’s no surprise that the Thailand manufacturers are skilled in jewel making because they practically live it. They hold several fairs annually to celebrate jewelry Manufacturing.
The Bangkok Gems & Jewelry Fair (BGJF) draws thousands of buyers and sellers from all over the world twice a year. This world-renowned event has been ranked fifth in the world! Thailand is a jeweler’s paradise Manufacturing.
The government, as a result, has introduced policies to boost the jewelry industry, such as duty exemptions and tax benefits. The Thai government prioritizes the gemstone and jewel manufacturing industry as a key to a better economy Manufacturing.
The total revenue generated by the company is enormous, and the jewelry is almost a billion baht and the investment of the production company for more than 1 million employees! This is also thanks to the origins of the equipment that flows into Thailand from other developing countries Manufacturing.
The jewelry trade in Thailand is one of the country’s lucrative export products, with goods going all over the globe. According to the Commerce Department, it shipped 371 billion BTN ($11.2 billion) worth of jewelry and accessories in 2015 Manufacturing.
Currently, you will find more than twelve thousand in the small business model, creating a beautiful market that will continue to develop companies to produce the best products. Low Cost Of Doing Business Manufacturing.
Making your jewels in Thailand means you get in all a lower cost of finished products. The fact that Thailand produces most materials, I’d be responsible for this Manufacturing.
The cost of living and labor is cheap. This is why Thailand jewelry manufacturers have progressed compared to the competition Manufacturing.
The Thai government exempts duties from many jewel materials such as gold and diamonds. This means that Thai manufacturers can sell at low prices without suffering losses. This is good news for your pocket Manufacturing.
They Are Good At What They Do.
It doesn’t surprise that Thailand jewel manufacturers who live in a world of jewels and a culture that supports it are good at jewel making. Thailand boasts of some of the world’s best professional jewel manufacturers. They pay attention to detail, showcasing outstanding professionalism and reliability in Manufacturing.
Their after-sale services are remarkable. The idea is to promote ease of doing business. In logistics performance, Thailand ranked 32nd and in Southeast Asia is only second to Singapore Manufacturing.
The Logistics Performance Index shows how well a government acquires and manages its resources. Thailand’s LPI figures are expected to rise further due to the 45 billion (USD) pledge in the Eastern Economic Corridor project Manufacturing.
In 2018, this comprehensive infrastructure investment plan was signed into law. As a result, various Thai suppliers are able to ship goods over time and face unexpected delays, especially when compared to their operations in other countries in the region.
Thailand Has Something For Everybody!
Thailand manufacturers just don’t offer you lower prices with a steady supply. They offer you diversity!
Jewel-making is their history, their culture. It’s in their blood, so naturally, they design jewels of various trends and tastes. Competition in this market means this is done more efficiently. Most of the luxury jewelry and luxury jewelry production moved to Thailand about 25 years ago. Famous for producing European quality to the strict standards of the best brands, it has significant price and scalability advantages in Manufacturing.
Thailand jewel manufacturers go beyond their traditional jewelry with its distinctive qualities and indulge in styles, ranging from kid’s jewelry to top designs. This enables you to keep up with what’s trending, resulting in better customer satisfaction with ease.
Whatever design you have in mind, you can be sure you would find a Thai manufacturer to bring your dream to life Manufacturing.
You just can’t go wrong with Thailand. It has the quality you can trust. Consider that the Thai craftsmen have honed their skills for centuries. This means that their products are obviously of the highest standard Manufacturing.
Therefore, if you are interested in starting a jewelry business and want advice on where to find suppliers, Thai silver jewelry manufacturing is your best choice. With its booming industry, highly skilled workers, and economic incentives to produce jewelry, Thailand will help your business flourish.