GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

New Thai Trade Rules Aim for Transparency

11 march 2009

Reed Business Information and JCKonline report that the Thai Department of Export Promotion and Excise Department have collaborated with the Thai Revenue Dept. and the private sector to launch a new campaign aptly named "Thai Gems and Jewelry Trading Route".  This latest campaign was developed in order to improve understanding and compliance of regulations and conduct among foreign and local gem traders, Israelidiamond.co.il reported.
The Thai Export Dept. came out with the following statement: "The goal is to ensure that the gem and jewelry trade is conducted transparently in order to maintain a sustainable growth."
Local operators are advised to take advantage of incentives such as VAT waivers by registering their businesses with the Revenue Dept.. 
The registration process is as follows:
-Apply for Board of Investments incentives
-Conduct their trade in Free Trade Zone
-Adhere to the Revenue Dept.'s Por Por 01.5 registration rules
-Be a member of at least one gem and or jewelry trade association
As a rule, the regulations do not apply to foreign individuals or companies that trade in Thailand.  In the event that they plan to sell gemstones inside the Kingdom of Thailand, they are required to first register under the Alien Business Act.
JCKonline.com also notes that the Export Dept of Thailand emphasizes that the success of the "Thai Gems and Jewelry Trading Route" depends largely on cooperation from the private sector in adhering to regulations, "a step that lays a foundation on which the future of the industry is built".