Connect with us
Compliance and ethics Training Asia-Pacific Bangkok regional

Business

Thailand launches ‘Buy With Confidence’ gem and jewellery certification plan

According to the Ministry of Commerce, the gem and jewellery industry is one of the key industries in Thailand, ranking third in exports after automotive and computers

Boris Sullivan

Published

on

Thailand’s Ministry of Commerce has launched a ‘Buy With Confidence’ programme that will issue certifications to ensure the quality and standard of Thai gem and jewellery with the objective of boosting confidence among Thai and international consumers.

The Gem and Jewelry Institute of Thailand (GIT) has been assigned to carry out the ‘Buy With Confidence’ programme in cooperation with relevant government agencies, including the Ministry of Commerce, the Ministry of Tourism and Sports, the Office of the Consumer Protection Board, and the Tourist Police Bureau.

The programme is expected to help increase confidence among local and international consumers as well as to enhance the opportunity for businesses to sell certified gem and jewellery to tourists.

According to the Ministry of Commerce, the GIT’s facilities include a world-class gem and jewellery laboratory that is supervised by the Thai government. Staffed with highly experienced gemologists and equipped with the world’s most advanced instruments, GIT’s services are trustworthy and widely recognised worldwide.

Consumers can be confident that every piece of jewellery certified by GIT is trustworthy and is qualified according to the accompanying Gem and Jewellery Certification document.

The institute has selected gem, gold and jewellery shops and businesses that pass the qualifying standards to participate as members of the programme to receive gems and jewellery certifications from GIT as well as other numerous benefits.

Currently nearly 140 companies have applied for membership to this programme, with 68 passing the initial standard and have recently been awarded certificates.

Within 2018, GIT aims to expand membership of the ‘Buy With Confidence’ programme to 500 companies, targeting cities such as Bangkok, Chanthaburi and other key tourist destinations.

Companies awarded with the certification are encouraged to display the programme’s sticker in front of their shops. There will be a QR code for consumers to scan for details about the shop as well as QR codes on the products to see certification on specific pieces of jewellery.

Consumers can also ask for physical copies of the certification from the shop to match the slogan of the program: “Buy With Confidence, Look for GIT certificate to ensure the products on sale and Buy With Confidence.”

Should any issues arise between buyers and shops in the ‘Buy With Confidence’ programme, buyers can lodge a complaint by calling Hotline 1166 (Office of the Consumer Protection Board), or 1155 (Tourist Police Bureau) or 1569 (Department of Internal Trade), which are partners of the institute.

According to the Ministry of Commerce, the gem and jewellery industry is one of the key industries in Thailand, ranking third in exports after automotive and computers, generating 435 billion Baht in exports and 533 billion Baht in domestic trading, accounting for nearly one trillion Baht of turnover or 6.3 percent of the country’s GDP.

Foreign tourists are also key buyers of gem and jewellery products. Last year, Thailand welcomed 35.38 million tourists. Of the total, Chinese tourists accounted for the largest group totalling around 10 million.

The ‘Buy With Confidence’ programme is expected to help generate an additional 10 billion Baht in sales of cash and carry goods to foreign tourists which will result in the total sales of gem and jewellery in this category reaching 45 billion Baht, a 30 percent increase, according to the Ministry of Commerce.

For more information on “Buy With Confidence (BWC),” visit http://bwc.git.or.th

0/5 (0 Reviews)

Advertisement Load WordPress Sites in as fast as 37ms!
Comments

Business

ASEAN Economic Forum to focus on “Advancing Partnership for Sustainability”

This year, as the ASEAN Chairman, Thailand has proposed the concept of “Advancing Partnership for Sustainability” as the main topic of 2019’s ASEAN Leaders Meeting.

National News Bureau of Thailand

Published

on

BANGKOK, 17 June 2019 (NNT) – At the 34th ASEAN Summit, Thailand will propose plans for promoting cooperation in various areas needed among ASEAN countries and accelerate implementation of the plans by this year under the concept of “Advancing Partnership for Sustainability” which will be the main topic of this ASEAN Leaders Meeting.

(more…)
4/5 (1 Review)
Continue Reading

Business

King Power wins Duty Free auction for Thailand’s main airports

King Power is adding three regional airports to its duty-free concession portfolio after winning the bid for Suvarnabhumi

National News Bureau of Thailand

Published

on

BANGKOK, 12 June 2019 (NNT) – King Power today won the bidding to run duty-free shops in three regional airports, marking another victory for the firm which previously won two licenses to operate duty-free shops and the commercial zone at Bangkok’s Suvarnabhumi Airport.

(more…)
0/5 (0 Reviews)
Continue Reading

Business

Private sector adopting a“wait and see” approach to new government

Mr. Thanawat disclosed that the Consumers Confidence Index dropped to 77.7 in May, the lowest in 19 months, due to the people’s concerns over political uncertainties and fears of the trade war between the United States and China

National News Bureau of Thailand

Published

on

Private sector waits to see new economic ministers to raise investors’ confidence

(NNT) – The private sector is waiting to see new ministers in charge of economic portfolios who may raise the confidence of investors. The Consumers Confidence Index was reported at 77.7 in May, the lowest in 19 months.

(more…)
2/5 (1 Review)
Continue Reading
Advertisement

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 10,687 other subscribers

Upcoming Events

  1. ASEAN No Space For Waste: Health and the Environment Not For Sale

    June 18 @ 3:00 pm - 5:30 pm BMT
  2. Estonian Evening in Thailand

    June 18 @ 6:00 pm - 11:00 pm BMT
  3. Thailand Cyber Security 2019

    June 19 - June 20
  4. Compliance and ethics Training Asia-Pacific Bangkok regional

    Bangkok Thailand Regional Compliance & Ethics Conference

    July 12
  5. Singapore Basic Compliance & Ethics Academy Conference

    July 15 - July 18

Press Release

Most Read

Trending