Anybody who is planning to start a jewelry retail business either online or in a physical store should consider buying from wholesalers in Thailand. Likewise for existing retailers who are scouting the market for better opportunities.
Thailand is known to have some of the best collections of jewelry manufacturers, wholesalers and exporters in the world. In 2018 it exported US$3.9 billion worth of jewelry. Many Thai manufacturers specialize in stainless steel and precious metals such as silver and gold and gemstones such as diamonds. Others specialize in bamboo and wood jewelry and accessories.
One of the major Thai jewelry manufacturers is Hong Factory based in Bangkok. It has been in business since 1971 and has established long-term relationships with many customers. Hong Factory specializes in silver marcasite necklaces, earrings, rings, watches, brooches, pendants, bangles and bracelets. Their wholesale marcasite jewelry is expertly made from 925 sterling silver in attractively constructed milgrain settings, and decorated with precious and semi-precious gemstones collected from around the world together with grade-A Swiss marcasite.
Wholesale silver jewelry
Hong Factory runs its own wholesale outlet and supplies its products to wholesalers and retailers in Thailand and abroad and private clients who like to create their own unique custom jewelry. The latter clientele are the ideal clients because they always bring out the designers’ creativity.
Hong Factory’s wholesale division has a collection of trendy and modern designs that showcase the creativity of the design team. One can find more than 8,000 marcasite jewelry designs in the form of rings, earrings, necklaces, watches, etc. It is a paradise for both upcoming entrepreneurs and established retailers looking for jewelry pieces for sale. People looking for classic designs will find them there. Those who want to make a fashion statement or love playful colors will find something there. The wholesale division has been suppling jewelry to customers in over 60 countries since Hong Factory started business in 1971.
Custom designs
Many retailers prefer to create their own custom designs so that their products are different from competitors. Hong Factory is the best designer/manufacturer to partner with.
For beginners, Hong Factory recommends that clients look at their extensive catalogue of standard jewelry components. From there the clients can combine standardized jewelry parts to create their own unique custom designs. Hong Factory then creates one-of-a-kind masterpieces that stand out among competitors and capture people’s attention. This approach is affordable and less risky as the molds are already present in the factory. The clients can then test their products on the market and establish their businesses.
Established jewelry retailers normally move from using standardized parts and create their own jewelry part designs using software like AutoCAD. Then they submit the files and pay for molds and other tools needed to manufacture the custom-designed components. Private clients also normally come up with their own unique custom designs for their private collections.
Hong Factory is totally committed to please all its customers, whether they are retailers or private clients. No order is too big or too small; they treat each project with the utmost care because quality matters to them and the clients. That is how they have managed to build strong relationships that have lasted for many decades.
We asked the CEO and founder of Hong Factory, Mr. Hong (Tuanghong Roipaeng) what the secret of the company’s long-term success is. He said,
“Hong Factory is one of Thailand’s oldest jewelry manufacturers, having been in business since 1971. We have supplied thousands of jewelers with wholesale silver and marcasite jewelry collections as well as innovative OEM & ODM jewelry. We are guided by jewelry design principles that include balance, contrast, harmony, unity, proportion, movement and emphasis. That is how we arrange the elements artistically, controlling the visual message of the piece. We aim to please, and our customers are very pleased with our products.”
Mr. Hong, who founded the business with his wife, works with a team of highly trusted managers, jewelers and an elite team of designers. Many of the employees have been with the company for several decades.
Thailand is a major jewelry exporter
Hong Factory is one of many major successful jewelry manufacturers and exporters in Thailand. Each factory focuses on different materials such as gold, silver, brass, gemstones, pearls, wood, bamboo, diamonds and other gemstones.
Thailand’s competitors
Thailand faces strong competition from other Asian countries such as Vietnam and China (who focus on stainless steel and alloys), Singapore, India and Indonesia which are also major exporters of jewelry. International competitors include the United States, Germany and other European countries. Thai jewelry is among the best in quality because manufacturers like Hong Factory still obey old-world craftsmen’s standards.