Commerce Minister Tipu Munshi said the goldsmiths of Bangladesh are skilled, their works are very beautiful and they can make world class ornaments.

There is huge potential to export gold ornaments using the advantage of Bangladesh’s goldsmiths’ handwork as such ornaments demand is increasing in the global markets.

The minister came up with the remark while addressing the chief guest of the new office inauguration ceremony of Bangladesh Jeweller’s Association (BJA) in the Bashundhara City Shopping complex on Tuesday.

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Tipu Munshi also agreed on the necessity of gold bank in the country to assist the gold industry related people and expand the business of such pricy matters.

“If the gold industry stands once, the country can earn huge forex currency as the value addition of gold is very high,” the minister added.

The minister said the value addition of some gold jewellery is around 30 to 50 percent while value addition in the garment industry is 5 to 8 percent.

Bashundhara Group Chairman Ahmed Akbar Sobhan was the special guest in the function while BJA President Sayem Sobhan Anvir presided over the function. BJA General Secretary Dilip Kumar Agarwala moderated the function.

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Tipu Munshi also said, "Bangladesh's reputation will be spread in different parts of the world through the handiwork of the country's goldsmiths and traders. I believe this sector would generate huge revenue for the country.”

Ahmed Akbar Sobhan, owner of the country's lone gold refinery said Bangladesh’s export volume will jump to a new height if the gold export is started in the Chinese and European markets.

A number of jewellery traders were also present in the function.