The 61st Bangkok Gems and Jewelry Fair was a resounding success as it draws international visitors and exhibitors to showcase the strength of Thailand’s gems and jewelry industry to the world.
At Bangkok Gems and Jewelry Fair 2018 853 exhibitors, more than 2.000 stands
Organized by the Department of International Trade Promotion, Ministry of Commerce, the 61 edition of Bangkok Gems and Jewelry Fair attracted visitors from 113 countries over five days with top five visiting nations from India, Myanmar, China, USA and Russia respectively, including countries as diverse as Hong Kong, Poland, Turkey, Japan, Singapore, India, South Korea, Israel, Indonesia, Canada and Italy.
853 exhibitors participated at the 61st BGJF, occupying 2,003 booths.
A growing market
At BGJF 2018, a total of USD 63 million in trade value was generated, a 2.5% increase from the previous edition, comprising of USD 19 million in immediate sales and USD 44 million’s worth of orders in one year.
In 2017, the gems and jewelry industry was ranked third in terms of exports in Thailand after automotives and computers. Exports totalled nearly USD13 billion and represented 5.4 per cent of the kingdom’s total exports, and when excluding unwrought gold, the industry saw an increase of 2.25% compared to 2016 which was the first rise in three years.
The next edition will take place in September
At the opening ceremony, Mr. Sontirat Sontijirawong, Minister of Commerce, stated that “The outlook for gems and jewelry exports in 2018 is positive as the trading partners of Thailand are recovering from stagnant growth”.
Seminars, workshop by domestic and international experts, collateral events have enriched the 61st edition. And now the expectations are for the next Bangkok Gems and Jewelry Fair, in September 2018.
by Editorial Staff