Latest news with #RJCCodeofPractices
Bangkok Post
06-08-2025
- Business
- Bangkok Post
Thailand's gem and jewelry industry moves to embrace sustainability
Thailand is stepping up efforts to integrate sustainability across its gem and jewelry industry, aiming to strengthen its position as a global leader amid growing international scrutiny over ethical sourcing, labor practices, and transparency. Sumet Prasongpongchai, Director of the Gem and Jewelry Institute of Thailand (GIT), said the shift was partly prompted by the global reckoning that followed the 'blood diamond' crisis in Africa, which drew attention to labor exploitation, particularly of women and children, and the seizure of community resources. That episode became a turning point, he said, pushing the industry worldwide to place sustainability at the heart of its business practices. Today, sustainable practices span the entire supply chain, encompassing traceable sourcing, fair labor compensation, the use of blockchain technology, and adherence to global standards such as those set by the Responsible Jewellery Council (RJC). Thailand adopted these standards in 2019, reinforcing its role as Asia's key processing hub for rubies and sapphires and a global centre for gem enhancement, cutting, trading, and auctions. To support this transformation, GIT has ramped up research, compliance mechanisms, and training programmes. This year, it aims to help at least 40 small and medium-sized enterprises (SMEs) meet international standards, including the RJC Code of Practices. In the long term, GIT is working toward Thailand being formally recognised as a Standard Development Organization (SDO). While sustainability standards remain voluntary in Thailand, GIT has proposed supportive government policies, including a revision of the tax structure. It is advocating for a flat 0.6% tax on sales—replacing the current 20% tax on profits—to ease cost burdens and improve access to raw materials. The gem and jewelry sector is a significant contributor to the Thai economy, comprising more than 13,000 businesses and employing over 800,000 people. In the first five months of 2025, exports surged by 90% year-on-year to more than 400 billion baht, driven largely by strong global demand for gold and accelerated stocking in anticipation of potential changes to U.S. import tariffs. Domestic retail sales, however, remain subdued. Looking ahead, export performance in the second half of the year will depend heavily on U.S. tariff policy. Competitive rates will be essential for sustaining momentum, particularly in original design manufacturing (ODM) and in expanding market share across ASEAN countries such as Indonesia and the Philippines, as demand from China slows. Currently, 90% of Thai production still relies on original equipment manufacturing (OEM), but the future lies in value-added products, brand building, and empowering local artisans and SMEs to meet global sustainability standards. A major step in that direction will be the 'GIT 2025: Responsible Gem & Jewelry Supply Chain' international seminar, to be held from September 8–9 at the Grand Hyatt Erawan Bangkok. The event will gather global experts, researchers, and stakeholders to exchange insights and promote Thailand's role in the global industry. The seminar will be followed by the Bangkok Gems & Jewelry Fair from September 9–13 at the Queen Sirikit National Convention Center, a key platform for business matching and driving export growth in the second half of the year. As the industry navigates a changing global landscape, Thailand is positioning itself to lead through responsible growth, with sustainability at the core of its strategy.
Associated Press
30-04-2025
- Business
- Associated Press
Phoenix Manufacturing Joins Global Movement Towards Sustainable & Ethical Production with RJC Certification
Thailand-based Phoenix Manufacturing earns RJC certification, launches new wholesale silver jewellery lines, and highlights as a rising ethical sourcing hub. SAMUT PRAKAN, THAILAND, April 30, 2025 / / -- Phoenix Manufacturing Co., Ltd. from Thailand, a globally established silver jewellery manufacturer and wholesaler, has officially earned certification from the Responsible Jewellery Council (RJC), marking a significant milestone in its ongoing commitment to ethical, sustainable, and responsible production practices. Phoenix Manufacturing earns RJC certification for ethical jewellery production in Thailand. The certification recognises Phoenix Manufacturing's adherence to rigorous international standards concerning human rights, labour practices, environmental impact, and responsible sourcing. As part of a growing network of companies aligning with globally respected frameworks, Phoenix joins an elite group of certified manufacturers that meet the RJC Code of Practices—a benchmark for integrity in the jewellery and watch supply chain. 'We take pride in every piece we create, combining responsible sourcing, compliance, and craftsmanship to meet the highest standards of ethics, quality, and trust,' said Rayan Ahmed, Head of Public Relations. As businesses increasingly look beyond China for production partners, Thailand has emerged as a prominent alternative, offering a combination of deep artisanal expertise and regulatory alignment with international standards to reassure global trade. Phoenix Manufacturing exemplifies this shift, providing sterling silver jewellery solutions that prioritise sustainability and quality. To meet immediate global demand, Phoenix Manufacturing is also preparing to launch two new white-label product lines for retailers and brands preparing for the upcoming season: A mixed-metal body jewellery collection featuring contemporary styles for the fashion-forward market. A sterling silver, flower-themed jewellery line inspired by nature's elegance and crafted with intricate detail. Both collections will be available for global shipping beginning 21 May 2025, through the company's factory-direct wholesale outlet. Phoenix Manufacturing operates under multiple internationally recognised compliance frameworks, including SEDEX, AMFORI BSCI, and now RJC. The company works exclusively with vetted suppliers for traceable sourcing and employs rigorous quality control processes to ensure product consistency and client confidence. For more information about the company's ethical manufacturing practices and wholesale jewellery solutions, visit their website. About Phoenix Manufacturing Co., Ltd. Phoenix Manufacturing Co., Ltd. is a Thailand-based jewellery manufacturer and wholesaler specialising in sterling silver and custom-designed pieces. With decades of experience serving international clients, Phoenix offers end-to-end production solutions, white-label services, and ethical sourcing backed by certifications such as RJC, SEDEX, and AMFORI BSCI. Known for its skilled craftsmanship, reliable global shipping, and commitment to responsible business practices, Phoenix is a preferred partner for retailers and brands across the U.S., Australia, and beyond. Sales Team Phoenix Manufacturing Co., Ltd. 21160308 ext. [email protected] Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
