Although the Bangladesh Jeweller’s Association started its activities to transform the post-independence war-torn country into the golden Bengal of dreams, with the aim of expanding the domestic gold industry and economic emancipation, it overcame various adversities and became institutionalized on Thursday 12th May 1984.
Since its inception, the main objective of Bangladesh Jeweller’s Association has been to ensure customer service, patronize the domestic gold industry and safeguard the interests of jewellery traders. To this end, BAJUS has district committees in every district of the country, which are represented by the Central Committee. At present Bangladesh Jeweller’s Association has about 18 (eighteen) thousand members. Each member of Bangladesh Jeweller’s Association is basically a business organization. Those who conduct business in accordance with the rules and regulations of the Government of Bangladesh.
Bajus determines the price of gold in the domestic market, taking into account the international market, the domestic market and the general consumer. Coordinates with various government ministries and agencies, outlines the development of the jewellery industry and its significant contribution to the national economy, and promotes and promulgates rules and regulations among the members of the government for proper and competitive business expansion. Bajus also aims to connect the jewellery traders and buyers, participate in and organize various international trade fairs to promote foreign trade and promote themselves in the international arena.
There is a huge demand for Bangladeshi jewellry exports to developed countries like Europe, Middle East, America and Canada. Any handmade product is highly valued in the world market. And if this product is gold jewellry, then there is no point. The goldsmiths of Bangladesh make jewellry very meticulously which is not possible on machines. Again, the amount of gold in handmade jewellry is less.
For Bangladesh, the preferential trade facility or GSP facility in European countries will play a big role in export. As a result, there is a huge potential for export of gold jewellery made by Bangladeshi artisans. There is a possibility of exporting jewellery worth around Tk 7,000 crore
Jewellery is an ancient and traditional art of Bangladesh with deep roots in thousands of years of history and culture of the subcontinent. Despite being a promising and traditional sector, the jewellery industry is not developing in this country and it is on the verge of extinction, on the instructions of Mother of Humanity Bangladesh’s most successful Prime Minister Sheikh Hasina, the Hon’ble Minister of Finance (2017-2018) announced the formulation of an upto date gold policy for the jewellery industry in the budget of the current financial year. Following this, a comprehensive, customer and business friendly gold policy was approved in the form of gazette on 8 November 2018.
Bangladesh Jewellers Association (BAJUS) is a non-political, non-profitable and service oriented traditional trade organization registered under the Companies Act of 1913 and licensed by the Ministry of Commerce. BAJUS is also a first class active member of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
The Central Committee is constituted in accordance with the rules of trade organisation which is known as the Executive Committee. This committee basically manages the activities of Bangladesh Jeweller’s Association all over the Bangladesh. The district committees carry out their duties in their respective districts as directed by the central committee.
The main objective of Bangladesh Jeweller’s Association is to ensure customer service, to patronise the domestic gold industry and to safeguard the interests of jewellery traders and to present the tradition of this country’s jewellery industry in the world court and to lead the jewellery business in the world market.