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HOME > Philippines Export Products > Philippines Jewelry Philippines JewelryAmong the World's BestIf you're looking for a lucrative business opportunity, we invite you to explore the Philippines jewelry industry, which offers significant investment and trade potential.The industry is generally acclaimed as one of the major exporters of jewelry worldwide.
The success of the Philippines jewelry industry is due to exquisite craftsmanship, high quality, creative designs characterized by unique fusion of indigenous and unconventional materials, and responsiveness to the needs of a diverse global clientele.
Innovative Products
The Philippines jewelry industry produces a wide range of medium to high-priced products.
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Pearls are the country's top jewelry export item. The South Sea pearls are highly prized by jewelry experts all over the world for their lustrous features and captivating spectrum of colors that range from basic white, champagne, gold, and pale blue to silver and green. Silver jewelry, on the other hand, is starting to find its way in foreign markets.
Philippines costume jewelry uses diverse materials including sea shells, corals, coconut shells, wood, bamboo, rattan, fossilized stones, corals, abaca, sinamay, nuts/seed and amber. Expert designers and artisans combine these with other materials such as non-precious metal (nickel, brass, iron, copper), plastics, glass, fabric, leather, and semi precious stones to come up with exquisite pieces. advantages
Unique Strengths and
Powerful Competitive Advantages
Key to the growing success and long-term potential of the Philippines jewelry industry is the availability of resources
in the country. The Philippines is rich in natural as well as manpower resources, which are critical in delivering higher productivity and profitability. Moreover, companies that invest in the Philippine jewelry industry enjoy significant tax incentives.
- Abundant supply of gold. The Philippines is ranked 2nd in the world in gold reserves, with total gold reserves of 162.8 million metric tons. Gold is found throughout the Philippine islands, particularly in Baguio, Camarines Norte, Masbate Island and Davao Province.
- Rich Gemstone Deposit. The country is also rich in gemstones such as opal, jaxper, quartz, tektite, jade, garnet, epidote, jadeite, blue and green schist.
- High-quality manpower pool. Skilled technical workers and expert craftsmen, who are trainable, professional, creative, and familiar with other cultures, are readily available in great supply.
- Strong government support and incentives. To encourage full development of the Philippines jewelry industry, the government enacted laws that grant jewelry companies various incentives, including zero duty on imported raw materials and capital equipment, excise tax exemption, tax breaks, and liberal sourcing of gold and silver.
Huge Growth Potential
The top export markets for Philippines jewelry are Japan and the US. Both account for more than half of the country's annual jewelry exports.Italy, UK, Hong Kong, and Switzerland are also among the key Philippines jewelry export markets and are significantly expanding.
There are about 250 firms that are engaged in the Philippines jewelry industry, employing a pool of highly trained and skilled 100,000 workers.
Small and medium-scale jewelry enterprises hold about 50 percent of the Philippines jewelry industry, while the top 10 largest jewelry chains and manufacturers hold less than 25 percent.
Majority of the companies, which fall under the small and medium scale industries, are geographically located in Metro Manila, Bulacan, Camarines Norte, Davao, Cebu, and Baguio City.
Philippine Jewelry: News
Philippines Jewelry Products in High Demand among European Buyers
The Philippines received signficant volume of orders and buyer inquiries from European retailers and direct importers during Vicenza Oro, an international jewelry exhibition held in Vicenza Italy.
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