The Department of International Trade Promotion (DITP) and the Gem and Jewelry Institute of Thailand (Public Organization), or GIT, alongside both government and private sector organizers, have joined forces to announce the much-anticipated 70th “Bangkok Gems and Jewellery Fair,” fondly known as “Bangkok Gems.” Set to dazzle the world from September 9 to 13, 2024, at the esteemed Queen Sirikit National Convention Center (QSNCC), this event is projected to generate a dazzling 3.5 billion baht in revenue.
Mr. Phusit Ratanakul Sereroengrit, the Director-General of the DITP, cannot emphasize enough the pivotal role the gem and jewelry industry plays in propelling Thailand’s economy forward. Despite global economic whirlwinds, the gem and jewelry exports in 2023 soared by an impressive 9.61%, topping a monumental USD 8.8 billion. The momentum has continued in the first half of 2024, with exports hitting USD 4.556 billion, marking an 8.48% year-on-year increase. The Bangkok Gems Fair stands as a cornerstone for Thailand in its quest to become the epicenter of the global gem and jewelry trade.
“Bangkok Gems is not just the largest gem and jewelry trade fair in Thailand, but it’s a legacy, the oldest in Asia, and ranks amidst the top four globally. This sensational event magnetizes buyers from around the world, catalyzing discussions, foster deals, and creating business networks. The recent trend has been nothing short of awe-inspiring; exhibitors have surged by 34%, booths have increased by 17%, visitors have grown by 40%, and the trade value has skyrocketed by 102%, with a more diverse mix of participating countries. For the 70th spectacle, we expect to see even more international engagement, hoping to boost trade by a phenomenal 3.5 billion baht,” Mr. Phusit thoughtfully conveyed.
Adding to this enthusiasm, Mr. Sumed Prasongpongchai, the Director-General of GIT and a proud co-organizer of the Bangkok Gems Fair, mentioned, “Reflecting back on the 69th edition, satisfaction levels were at an all-time high among exhibitors and visitors, with an average satisfaction rate flexing beyond 95%. Bangkok Gems leads the pack in terms of satisfaction when compared to other global trade shows. Already, the 70th edition is seeing surging demand, with over 1,100 premier companies from Thailand and abroad ready to exhibit their masterpieces across nearly 2,500 booths. We are expecting an impressive turnout of over 35,000 visitors from the four corners of the globe.”
The Bangkok Gems and Jewellery Fair is a golden gateway for SMEs, offering them a stage to interact with global business magnates, fostering vital networks and opening doors to infinite business opportunities. The fair is buoyed with a plethora of engaging activities, including the innovative New Faces zone spotlighting upcoming entrepreneurs, ‘The Jewellers’ project by DITP, as well as selected entrepreneurs from the Smart Jewelers by GIT program, and over 60 inspiring local entrepreneurs from Chanthaburi. The highlights don’t end there—there will be a chic Networking Reception, gem authentication services with certified results, and a slew of educational seminars covering everything from technical intricacies to sharp marketing insights. Standout sessions feature a tantalizing seminar on cracking the Middle Eastern market and guidance from Dubai-based experts on making successful inroads into the wealthy region.
Be prepared to be dazzled at the 70th Bangkok Gems and Jewellery Fair from September 9 to 13, 2024. With products and services from 1,100 leading companies showcased across a sprawling 2,470 booths in Halls 1-8 on both the G and LG floors of the Queen Sirikit National Convention Center in Bangkok, it’s an event you simply can’t afford to miss. For more enticing details, glide over to www.bkkgems.com or join the community at facebook.com/Bangkokgemsofficial.
3.5 billion baht? That’s a crazy amount of money for just a jewelry fair!
It’s not just about jewelry; it’s a major event for the industry. You’d be amazed at the business deals that go down there.
Exactly, it’s a cornerstone for many SMEs to thrive. The networking opportunities are incredible!
I guess I never thought about it that way. Still, it feels excessive to me!
Considering the global gem market, 3.5 billion baht isn’t that outlandish.
While the fair is great for business, I hope the event adheres to ethical sourcing practices.
That’s a valid concern! Ethical practices should be prioritized.
Most exhibitors do follow strict guidelines these days, but it’s always good to stay vigilant.
Absolutely. Transparency from both organizers and participants is crucial.
The networking reception and educational seminars sound like amazing features!
I agree! Those sessions can provide invaluable insights that you can’t get elsewhere.
I attended last year, and the seminars were top-notch! Can’t wait for this year.
Isn’t it ironic that we’re showing off shiny baubles while much of the world suffers economically?
There’s always going to be a balance of priorities, but the fair does provide significant economic benefits.
It’s unrealistic to expect the world to stop for economic issues. Many industries continue to thrive regardless.
True, but it doesn’t hurt to be mindful and considerate of the broader context.
Good to see initiatives for SMEs. They really need this kind of exposure!
Yes! Many of us wouldn’t have a platform without events like this.
Exactly, it’s a lifeline for smaller businesses.
Can’t wait to visit! The New Faces zone is always the highlight for me.
What I’m really excited about is the seminar on cracking the Middle Eastern market. That can be a game-changer for many businesses.
I hope security will be tighter this year. Heard there were some issues last time.
They’ve significantly ramped up security measures for this year. No need to worry.
If only more public events focused on promoting actual art instead of commerce.
Art is important, but commerce keeps the industry alive.
I just wish there was a better balance.
Are there any specific COVID precautions being taken this year?
With the current situation, I’m sure they’ll implement comprehensive health measures. You can check the official site for details.
I’ll take a look, thanks!
Surging demand is a great sign! Shows the resilience of the market even during economic downturns.
Looking forward to the gem authentication services at the fair. It’s always fascinating to learn about the process.
Events like these play a significant role in cultural exchange too. We need more of such interactions.
Hope to see some unique pieces from new exhibitors. It’s always thrilling to find something fresh.
I think these fairs should focus more on tech integration in jewelry-making. That’s the future.
Attended last year and it was fantastic! Can’t wait for this year.
Will there be any virtual tours or online segments? That’d be great for those who can’t make it in person.
I’m skeptical. These fairs often overpromise and under-deliver.
I had a great experience last year. Maybe give it another chance?