The 64th Bangkok Gems & Jewelry Fair Welcomed More Foreign Buyers Generating 70 Million USD in Revenue, 13% Increase in Foreign Visitors

Bangkok Gems & Jewelry Fair

Miss Banjongjitt Angsusingh, Director General of the Department of International Trade Promotion (DITP) revealed that the 64th Bangkok Gems & Jewelry Fair organized by the DITP, Ministry of Commerce on September 10-14, 2019 at IMPACT Muang Thong Thani under the theme of Thailand’s Magic Hands: The Spirit of Jewelry Making was highly successful. The fair attracted over 13 percent more foreign visitors compared to the September 2018 edition due to higher interest in Thai gems and jewelry products as well as heightened confidence of foreign buyers towards the quality of the products and security of the event itself. Over the five days of the event, sales generated totaled 70 million USD, demonstrating the potential of Thai businesses, manufacturers, and designers in crafting high-quality gem and jewelry products that are recognized worldwide, which have driven Thailand to become one of the world’s gems and jewelry trading and manufacturing hub.

Miss Banjongjitt disclosed that the 64th Bangkok Gems and Jewelry Fair welcomed 15,188 visitors from 110 countries during the five days of the event, accounting for 7,237 foreign visitors, a 13.08 percent increase from the September 2018 edition of the fair, demonstrating growing interest in Thailand’s gem and jewelry products among overseas buyers as well as confidence in the safety and security of the event amidst volatile trade situations in many parts of the world. Trade generated at the event totaled 70 million USD, with immediate sales worth 16 million USD. Products with the highest value of trade at the fair were Gemstones at 24 million USD (accounting for 34.3 percent of all sales), Silver Jewelry at 16 million USD (22.9 percent), Fine Jewelry at 15 million USD (20.9 percent), Machinery at 6 million USD (8.8 percent), and Diamonds at 3 million USD (4.2 percent).

Mr. Jurin Laksanawisit

At the opening ceremony of the 64th Bangkok Gems & Jewelry Fair, Mr. Jurin Laksanawisit, Minister of Commerce of Thailand revealed that, “The 64th edition of the Bangkok Gems & Jewelry Fair is held under the theme of “Thailand’s Magic Hands: The Spirit of Jewelry Making” which showcases the uniqueness of Thailand’s gems and jewelry products that have been made by talented craftspeople together with the new generation of designers with creative ideas. These characteristics have propelled Thailand to become the manufacturing and trading hub for international traders, or the Jewelry Hub, that has been internationally recognized for its unique jewelry, high quality, creative designs, and the use of new technology together with the craftsmanship of Thai artisans.”

The Bangkok Gems and Jewelry Fair is an international gem and jewelry trading platform that offers a stage for Thai entrepreneurs, manufacturers, and designers to present the best gem and jewelry products to international markets in line with the government’s policy to promote exports across all main industries by maintaining and expanding existing export markets, penetrating new markets, and reviving former markets that have shown potential for growth. In 2018, the total export of gems and jewelry products (including gold) was the third highest among all industries in the country and was worth approximately 12 billion USD. The industry has been immensely important to Thai people, creating jobs and income for communities, with over 1.2 million workers in this industry nationwide. Thus, the gem and jewelry industry has always been one of the key pillars of development for Thailand.

Meanwhile, buyers, sellers, and visitors participated in various activities to promote trading at the fair, from the networking reception, seminar on jewelry-related topics, jewelry-making demonstrations, to special exhibitions such as The New Faces zone that featured small- and medium-sized enterprises from across the country participating in the fair for the first time, and The Jewellers as well as the Innovation and Design Zone that highlighted products from designers with creativity and innovative techniques that are driving Thailand’s gem and jewelry industry to new heights.

Moreover, participants at the 64th Bangkok Gems and Jewelry Fair expressed their positive feedback for this international gem and jewelry trading show that has offered new business opportunities to the gem and jewelry industry in Thailand while showing the potential of Thai artisans and manufacturers to the world.

Nils (Pandora)

“We appreciate the expertise of Thai artisans and their craftsmanship. This is the reason why we choose our production base here and we have planned to expand further in other parts of the country because Thailand is in a strategic location for doing business,” said Mr. Nils Johan Helander, Senior Vice President, Manufacturing & Managing Director, Thailand – PANDORA, a world-class jewelry manufacturer and distributor.

“Thai jewelers have their outstanding design. It’s great that the Department of International Trade Promotion supports young designers to have an opportunity to participate in the important event in the jewelry industry like the Bangkok Gems and Jewelry Fair,” said Mr. Igor Kadzhala from Jewellery Russia Magazine.

Mohammed (Mahallati)

“We’ve been participating in the show for over 20 years, it’s very important show as you can see in the region with so many participants here and there. You can meet a lot of people from around the region, be it ASEAN, and be it worldwide globally,” said Mohammed Mahallati, Vice President of Mahallati.

“Nice to see wide range of jewelry made from different and unique types of materials,” said June Bairstow, OZePINS Handcrafted Gold and Silver Jewelry, US.

Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.