Bangkok Gems & Jewelry Fair hails 63rd edition a great success

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The 63rd edition of the Bangkok Gems & Jewelry Fair has been hailed a great success, with sales generated at the event totalling more than £47 million.

The first show of the year, which took place February 20-24 2019, centred on the theme ‘Thailand’s Magic Hands,the Spirit of Jewellery Making’.

Show organisers say buyers and visitors from overseas appreciated the intricate craftsmanship of Thai jewellery on offer, as well as the high quality of jewellery production which has led Thailand to be recognised worldwide as one of the world’s gems and jewellery hubs.

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In total, the 63rd Bangkok Gems & Jewelry Fair welcomed over 14,000 visitors from 118 countries from around the world, with the number of international visitors up 5.4% from the same period of last year.

Trade generated at the event was nearly £50m, with immediate sales worth £17m, up 85.2% compared to the Bangkok Gems and Jewelry Fair held in February 2018, while public days saw sales of approximately £8.6m.

Products with the highest value of trade at the fair were gemstones, fine jewellery, silver jewellery, machinery, and gold jewellery, respectively.

The Bangkok Gems & Jewelry Fair served as a platform for buyers and sellers to trade quality products in a secure atmosphere that matches world standards, and to hold business matching activities with quality exporter.

Furthermore, visitors enjoyed new product showcases and creative exhibits.

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The 63rd edition saw a year-on-year increase in visitors.

The Deputy Commerce Minister says that in the past year, exports of gems and jewellery from Thailand have been expanding in almost all markets. Last year, export of gems and jewellery products excluding unwrought gold was worth 7,606.45 million USD, up 6.96 percent, with high-growth products including gold jewellery, silver jewellery, imitation jewellery, and diamonds. Key export markets were Hong Kong (-1.17%), the U.S. (+15.72%), Germany (+16.24%), India (+2.23%), Belgium (+8.19%), while secondary markets with promising growth included Qatar (+103.49%), Singapore (+38.92%), South Korea (+36.98%), Lichtenstein (+25.04%), and Israel (+20.61%).

Moreover, this year, Ministry of Commerce focuses on developing the competitiveness and marketing for this industry by carrying out communications campaigns to promote the image of the industry to be recognised among buyers, importers, as well as increase the awareness of consumers with projects such as the ‘Buy with Confidence’ campaign by the Gem and Jewelry Institute of Thailand, along with the promotion of the industry image in overseas markets through the ‘Thailand’s Magic Hands: The Spirit of Jewellery Making’ by the Department of International Trade Promotion.

The DITP is also uplifting the Bangkok Gems & Jewelry Fair, which is a platform for businesspeople, buyers, sellers in the gems and jewellery industry to expand their businesses in many dimensions from material sourcing, trading, and network-building, as well as working to expand online trade channels for gems and jewellery products through platforms such as Ali Express and Thaitrade.com.

The 64th Bangkok Gems & Jewelry Fair will be held from September 10 to 14, 2019 at Challenger Halls 1-3, IMPACT Muang Thong Thani.

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Source : https://www.professionaljeweller.com/bangkok-gems-jewelry-fair-hails-63rd-edition-a-great-success/