Postby dognose » Sun Mar 12, 2017 2:52 pm
SIAM'S JEWELRY IMPORTS AND INDUSTRY
[Vice Consul Carl C. Hansen, Bangkok.]
During the fiscal year 1916 Siam's imports of gold and silversmith's work showed considerable decline, but for the succeeding fiscal year ended March 31, 1917, the figures reached about the usual level, namely, $168,246 worth of gold and silver and plated ware, $40,344 worth of mounted and $228,982 worth of unmounted precious stones, while the amounts for the corresponding period of the preceding year were $66,732, $34,074, and $275,636, respectively.
During 1916 there was, however, a reexport of $7,851 worth of silver and gold ware, and of $229,463 worth of precious stones, while for 1917 the reexports amounted to $61,176 in gold and silver ware and $85,486 in precious stones. It is understood that these reexports arise from the fact that certain European jewelry houses send out travelers with large stocks, from which buyers select what they need and the remainder is carried by the salesman to the next stopping place, the duty being remitted on the goods reexported. For the last two years the bulk of the jewelry imports into this country has come from the United Kingdom and dependencies, whereas previous to that the continental European countries were the leading suppliers. The United States contributed $27 worth in 1916 and $1,685 worth in 1917. The small share of American manufacturers in the jewelry imports appears to be due to the fact that their representatives do not visit Bangkok, and not to any prejudice against American jewelry, as a local merchant recently stated that a consignment of jewelry which he received from the United States during last year was sold out immediately after its arrival.
Local Production of Jewelry
Considerable quantities of artistic ornaments are made yearly by the Siamese, Chinese, and Burmese workers in gold, silver, and precious stones throughout the country. Among the poorest classes there is a demand for finger rings, bracelets, anklets, hairpins, earrings, belts, and other personal adornments. Formerly auspicious or lucky rings were much valued, and of these the most interesting is an exquisitely enameled gold ring, studded with nine different gems representing the nine gardian planets, and the stones selected for this purpose usually were the diamond, ruby, sapphire, pearl, topaz, hyacind, garnet, moonstone, and catseye. A gold ring in the form of a coiled serpent or naga, the watcher over hidden treasures, was also popular. A continental European firm did a lucrative business for many years in making Siamese jewelry locally, and now a British company is about to establish a factory in Bangkok for the production of such jewelry and gold and silver ware as the market in Siam and throughout the Far East especially demands. The factory will be under the supervision of experienced British workmen, and skilled Chinese, Siamese, and Burmese goldsmiths will be employed. A valuable site has been secured for the erection of a four-story building for workshops and spacious show rooms. According to the prospectus issued by this company it will also take over the interests and handle the products of British manufacturers of all classes of jewelry, watches, clocks, scientific instruments, gold and silver ware, precious stones, pearls, and glassware. In addition the firm will represent one of the largest British manufacturers of motor accessories. From these activities the company, which has been formed with a capital of £20,300 ($98,790), expects to make a net profit of not less than £7,000 ($34,065) per annum.
Source: Commerce Reports - 27th February 1918
Trev.