LAHORE - China, being the world’s largest consumer market for gems and jewellery, has a vast room for export of Pakistan’s gems and jewelry products.

This was observed by Shah Faisal Afridi, President Pak-China Joint Chamber of Commerce and Industry (PCJCCI), in a meeting with Wang Zihai, President Association of Chinese Companies in Pakistan. Pakistan has emerged as the fifth largest country for the occurrence of gemstones but unfortunately Pakistan had not been able to benefit from its natural resources due to lack of skills, technology and knowledge of processing the mining material.

Faisal Afridi exchanged a number of proposals for promoting export of gemstones from Pakistan to China and sought cooperation of Chinese companies operating in Pakistan for this purpose.

President PCJCCI observed that Pakistan had huge resources of gemstones having variety of colors and properties at par with international standards in Azad Jammu and Kashmir and Northern Areas of the country. Pakistan has a potential yield of 800 thousand carats of Ruby, 875 thousand carats of Emerald and 5 million carats of Peridot, which lay unutilized.

Faisal Afridi suggested collaborating with China to learn the latest techniques for cutting and polishing of the gemstones. He suggested taking on board National Productivity Organization (NPO) and with the assistance of Asian productivity org, Chinese professionals in this sector should be invited to train Pakistani labor force for manufacturing and designing state of the art jewelry in this vital segment of the economy. 

Earlier, Wang Zihai, President Association of Chinese Companies in Pakistan informed that China started capturing the attention of global gem and jewelry industry since 1978 and with the passage of time China had turned to be a rapidly growing consumer market for gems and jewelry sector.