The Department of International Trade Promotion (DITP), Ministry of Commerce, one of the main government organizations promoting gems and jewelry export from Thailand, organized a Roadshow to JCK Las Vegas on June 1 to 4 to introduce the 62nd Bangkok Gems & Jewelry Fair.
The Roadshow consisted of 50 Thai companies and brands taking part to demonstrate the strength of Thai gems and jewelry products and inviting buyers to continue business negotiations in Thailand at the 62nd Bangkok Gems & Jewelry Fair that will take place from September 7-11, 2018 in Bangkok, Thailand.
Leading gems and jewelry brands from Thailand that had been invited to join the exhibition at the Roadshow were Thai Silp, V&P Jewellery, Vatana Gems, Craft Art, Pranda Jewelry, ARIHA and Nida Factory. With numerous overseas companies showing an interest at the booth, DITP anticipates that further business negotiations will be held at the in the 62nd Bangkok Gems & Jewelry Fair.
Kwanapa Phivnil, Executive Director of Thai Trade Center, Los Angeles revealed that USA is a market to watch, as the country is a high-potential market with the highest total market value in the world. Moreover, the overall economy in USA has been exhibiting signs of improvement since 2017 with continued growth. The Thai Trade Center in Los Angeles is promoting three highlight product groups from Thailand that have a strong demand in the USA: Fashion (jewelry and clothing), Food, and Entertainment and Film.
“The overseas office is focusing on gems and jewelry products which is one of the fashion product categories that play a huge part in exports from Thailand. The US market imports $59 billion worth in jewelry annually, with Thailand accounting for $1,288 million, or only 2.2% of the total figure. On the other hand, Thailand is the country with the 13th highest imports of gems and jewelry products from the USA,” Phivnil added.
Over the years, the DITP has been promoting the export of Thai jewelry as Thailand has a reputation for its outstanding gemstone heat treatment, cutting, polishing and jewelry setting techniques that has been carried out by artisans for many generations.
“Thailand is well known for the industry’s quality and design that is recognized worldwide. Thai companies will benefit from launching products in large international trade shows such as JCK Las Vegas, one of the largest gems and jewelry shows in the USA, to seek trading partners and business alliances,” remarked Phivnil.
DITP invites exhibitors who are interested in participating in the 62nd Bangkok Gems & Jewelry Fair to gain further opportunities to meet both Thai and overseas business partners. For more information and an application, call +662 507 8392-3 or visit www.bkkgems.com
Bangkok Gems & Jewelry Fair (BGJF) is one of the world’s most renowned and longest-celebrated gems and jewelry trade fairs in the industry. Organized on a biannual basis by Thailand’s Department of International Trade Promotion (DITP), Ministry of Commerce, in February and September, the Bangkok Gems & Jewelry Fair is regarded as a significant trading arena where all key players in the global gems and jewelry business can achieve their purposes of sourcing, trading and networking. The 62nd Bangkok Gems & Jewelry Fair will take place from September 7-11, 2018 at Challenger Hall 1-3, IMPACT Muang Thong Thani, Bangkok, Thailand.