BANGKOK, Thailand – The Department of International Trade Promotion (DITP) and the Gem and Jewelry Institute of Thailand (Public Organization), or GIT, along with government and private sector organizers, announce the upcoming 70th “Bangkok Gems and Jewelry Fair,” also known as “Bangkok Gems.”
Mr. Phusit Ratanakul Sereroengrit, Director-General of the Department of International Trade Promotion, said that “the gem and jewelry industry is vital to driving the country’s economy. Despite the global economic slowdown caused by various challenges, the export of this product sector in 2023 grew by 9.61%, with a value of over USD 8.8 billion. In the first half of 2024, exports reached USD 4.556 billion, an 8.48% increase compared to the same period in the previous year. The Bangkok Gems Fair is a key mechanism that helps Thailand achieve its goal of becoming a major global hub for the gem and jewelry trade.
He added that Bangkok Gems is the largest gem and jewelry trade fair in Thailand, and ranks among the top four in the world. It is a crucial event that attracts buyers from around the globe to negotiate and further business connections.
In 2023, the fair experienced growth in all aspects, including a 34% increase in exhibitors, a 17% increase in booths, a 40% increase in visitors, and a 102% increase in trade value, as well as greater diversity in participating countries.
The 70th edition of Bangkok Gems is expected to receive an even greater response from global buyers and is projected to generate at least 3.5 billion baht in trade value”.
Mr. Sumed Prasongpongchai, Director-General of GIT and co-organizer of the Bangkok Gems and Jewelry Fair, stated that the upcoming event has received an equally strong response. Over 1,100 leading companies from Thailand and abroad will participate, showcasing their products in nearly 2,500 booths. More than 35,000 visitors from around the world are expected.
The Bangkok Gems and Jewelry Fair serves as a crucial trading platform for SMEs of all levels, offering opportunities to meet and negotiate with global business leaders and buyers. The event fosters the creation of networks and partnerships, expands business opportunities, and promotes comprehensive collaboration.
Additionally, the fair features a variety of engaging activities, including the New Faces zone dedicated zone for upcoming entrepreneurs, rising designers in ‘The Jewellers’ project by DITP, selected entrepreneurs from the Smart Jewelers by GIT program, and over 60 local entrepreneurs from Chanthaburi brought in by the Chanthaburi Provincial Commerce Office. Other highlights include a Networking Reception, gem authentication services with certified results available during the event, and educational seminars covering both technical and marketing aspects. Noteworthy sessions include a seminar on the Middle Eastern market led by experts from Dubai and a consultation session by experts from Dubai on preparing to enter the Middle Eastern market.
The event is scheduled to take place between 9 and 13 September 2024 at the Queen Sirikit National Convention Center (QSNCC). For more information, visit www.bkkgems.com or facebook.com/Bangkokgemsofficial. (NNT)
