On June 23, 2023, the "Sino Thai Color Gemstone Reference Price Guide" was officially released during the Shanghai International Jewelry Exhibition. The "China Thailand Color Gem Reference Price Guide" was obtained by the China Jewelry and Jade Jewelry Industry Association (hereinafter referred to as the "China Jewelry Association"), the National Jewelry and Jade Jewelry Inspection Group Co., Ltd. (hereinafter referred to as the "Jewelry National Inspection"), the Thai Gem and Jewelry Traders Association (TGJTA), and the Thai Gem and Jewelry and Precious Metals Federation (GJPCT) through a comprehensive evaluation of data models based on a collection of multiple basic data. This is the world's first reference price guide for Ruby and sapphire market transactions, achieving a breakthrough in the reference Price system of colored gemstones from 0 to 1.
In his speech, Ye Zhibin, Chairman and Secretary of the Jewelry State Inspection Party Committee of the China Treasure Association, mentioned that the color gemstone market has been continuously developing and growing in the past 20 years. How to further standardize the market and promote high-quality development of the industry has become an urgent problem that needs to be solved in the global color gemstone market. China, as one of the main consumers of colored gemstones, and Thailand, as one of the main processing and trading centers for colored gemstones, shoulder historical responsibilities. Following the principle of "mutual consultation, joint construction, sharing and win-win", and based on China's national standards of "Ruby Classification", "Sapphire Classification" and "Emerald Classification", China and Thailand jointly established a reference Price system for color gemstones between China and Thailand, and regularly issued the "Reference Price Guide for Color Gems between China and Thailand", aiming to provide important technical support for high-quality development of the color gem industry between China and Thailand, and boost the sustainable development of the global color gem industry.
Chomphol Phornchindarak, the first vice president of the Thai Gem and Jewelry Traders Association (TGJTA), the vice president of the Thai Gem, Jewelry and Precious Metal Federation (GJPCT), and the co leader of the Sino Thai color gem reference Price system construction working group, mentioned in his speech that the establishment of the Sino Thai color gem reference Price system has provided a solution for the global color gem industry's lack of transparency and standardized pricing for a long time. The reliable guidance provided by this system based on comprehensive data can enable buyers and sellers to rely on objective factors for transactions, enhance consumer confidence, and promote standardized and large-scale development of the industry.
Lu Taijin, the chief scientist of China National Jewelry Inspection Bureau, interpreted the construction and use standards of the reference Price system of China Thailand color gemstones on the spot. Hemant Kumar Jain, Vice President of the Thai Gem and Jewelry Traders Association (TGJTA), shared on site the "Current Status and Trends of the International Color Gem Market Development". Changsha Nali, Deputy Secretary of the China Treasure Association, shared the "2023 China Color Gem Industry Development Report" on site. Lan Lingxin, Executive General Manager of Shanghai Wanbao Shanglian E-Commerce Co., Ltd., shared the "application of color gem reference Price system in Wanbao International Trading Platform" on the spot.
