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  2. GIA Offers Paper Versions of AGS Ideal Grading Reports
  3. AGTA Board of Directors Amends Trade Show Rules for Synthetic Gemstones
  4. Gemfields Profit Falls Despite Strong Gemstone Sales
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  6. Christie’s Jewels Online Sale Totals $13.5M
  7. Sotheby’s Geneva to Auction Collection of 250 Jewels from Iconic Designers
  8. Jewelers of America Announces 2024 GEM Awards Winners
  9. Richline’s CEO Dave Meleski Elected New RJC Chair
  10. Firestone Recovered Its Largest Diamond Ever
  11. IEG Names Matteo Farsura New Exhibition Manager for Jewellery, Fashion Division
  12. IGI Develops Way to Identify Lab-Grown Fancy-Coloured Diamonds from Natural
  13. GIA Opens New Lab in Dubai
  14. De Beers Ignite Launches Diamond Verification Instrument AMS Micro
  15. Pandora Sales Rise in Holiday Season
  16. Strong Jewellery Sales Reported for Kering in 2023
  17. Hong Kong Luxury Sales Jump 50% in December
  18. LVMH Sees Sales Growth in Jewellery and Watches
  19. Jewellery and Strong Demand from Chinese Customers Drive Richemont Sales Growth
  20. GIA Offers Same-Day Report Verification Service to Counter Reports of Fraud
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HIGHLIGHT

  1. US market unfolds changes and potential
  2. The queen of gems, the gem of queens
  3. Classics return

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HKJM > News > Thailand gears up for Bangkok gems

Thailand gears up for Bangkok gems

The 57thBangkok Gems and Jewelry Fair (BGJF), Asia’s second largest gems and jewelry trade show and the fifth largest globally, will be held at Bangkok’s IMPACT Exhibition and Convention Center from February 24 to 28.

The biannual trade fair attracts tens of thousands of buyers from the US, EU, Russia, China, South America, ASEAN and the Middle East, as well as more than 30,000 visitors. Organisers anticipate gross export revenues to reach US$12.8 billion. Over 1,500 exhibitors with over 3,000 booths participated in the 56th BGJF last September and 3,500 booths will be included this year.

“The objective of the fair is for foreign buyers to come and place orders, which is why the fair is held twice a year,” said Somchai Phornchindarak, chairman of the Gems, Jewelry and Precious Metal Confederation of Thailand (GJPCT).

Suttipong Damrongsakul, president of the Thai Gem and Jewelry Traders Association (TGJTA), said: “We would like to encourage new innovation from exhibitors, as we want to present to foreign buyers the potential of Thai gems and jewelry companies.”

Chantira Jimreivat Vivatrat, deputy director-general of the Department of Trade and Promotion (DITP) stated: “The government is confident of the potential of Thai businesses in the gem and jewellery industry. Various measures and incentives have been introduced to facilitate trading.”

One such measure has been the lifting of 20 percent tax on imported gems and jewellery sold by exhibitors endorsed by TGJTA at the 57thBGJF. Foreign exhibitors can import and sell gems and jewellery from other countries duty-free, while local exhibitors can reduce their prices through reduced imported costs. While 7 percent VAT still applies to all exhibitors, local and foreign, buyers of rough gems and raw materials could enjoy a zero VAT privilege.

A series of design pavilions including the DITP’s Thai Design Pavilion and the one organised by Gemfields will showcase some of the finest jewellery from around the world. Trade promotion activities such as seminars, contests and special offers will also be available.

The new fair mobile applicationwill enable buyers to connect with sellers and providea floor plan of all exhibitions. A shuttle service will be available to and from Bangkok’s five-star hotels for attendants’ convenience.

To pre-register for BGJF57, visit: http://www.bangkokgemsfair.com/visitors/pre-registration.php

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