Bangkok gems and jewellery fair targets 3 billion baht in trade value

Image courtesy of Bangkok Gems & Jewelry Fair, Facebook

The 68th Bangkok Gems and jewellery Fair, a global hotspot for buyers, importers, and visitors, kicked off yesterday with an anticipated attendance of over 30,000 international guests. The fair, held at the Plenary Hall of the Queen Sirikit National Convention Center (QSNCC) until Sunday, is projected to amass a trade value surpassing 3 billion baht, stated Phusit Ratanakul Sereroengrit, Director-General of the Department of International Trade Promotion (DITP) at the Ministry of Commerce.

Jointly spearheaded by the DITP and the Gem and Jewelry Institute of Thailand (GIT), the fair is underpinned by support from more than 15 public and private trade organisations. Phusit said…

“It is an international trade fair, serving as a testament to Thailand‘s strength in the global gems and world-class jewellery trade industry. The remarkable success it has achieved over the past 40 years firmly establishes Thailand’s prominence in this field.”

He further highlighted that this year’s fair has attracted significant interest from both exhibitors and visitors, with participation from over 1,100 companies in 2,400 booths across Halls 1-8 at QSNCC. This is the highest participation rate since 2018.

Phusit revealed that the fair is expected to welcome more than 30,000 buyers, importers, and visitors from around the world, positioning the fair among the top five major trade fairs in the industry. Over the past four decades, the fair has been instrumental in bolstering Thailand’s exports of gems and jewellery.

Thailand’s status as a central regional hub for trading gems, coupled with its expertise in enhancing the quality of coloured gemstones and internationally recognised craftsmanship, have been key contributors to the industry’s success. In 2022, gems and jewellery emerged as the country’s ninth-largest export, garnering over US$8 billion (284.1 billion baht) in revenue. This year, the sector is set to expand by 10%, reports Bangkok Post.

“Visitors can explore a diverse range of exhibitions featuring products from Thai and international exhibitors, plus other highlights.”

Gems Fair
Image courtesy of Bangkok Gems & Jewelry Fair, Facebook
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Alex Morgan

Alex is a 42-year-old former corporate executive and business consultant with a degree in business administration. Boasting over 15 years of experience working in various industries, including technology, finance, and marketing, Alex has acquired in-depth knowledge about business strategies, management principles, and market trends. In recent years, Alex has transitioned into writing business articles and providing expert commentary on business-related issues. Fluent in English and proficient in data analysis, Alex strives to deliver well-researched and insightful content to readers, combining practical experience with a keen analytical eye to offer valuable perspectives on the ever-evolving business landscape.

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