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  1. De Beers Revives ‘A Diamond is Forever’ Tagline for New ‘Forever Present’ Holiday Campaign
  2. GIA to Close Israel Lab by Year End
  3. Richemont Sales in Asia Pacific Down
  4. AGTA Announces 2024 Spectrum & Cutting Edge Award Winners
  5. GIA Reports Animal-Like Inclusions in Natural Diamonds
  6. WFDB Encourages Industry Investment in Natural Diamond Marketing
  7. De Beers’ Tracr Platform to Disclose Single Country of Origin for Over 1.25ct Rough
  8. LVMH Watches and Jewellery Sales Drop 5 Percent For First Nine Months This Year
  9. Fancy-coloured Diamond Prices Show Overall Stability with Moderate Declines
  10. Gübelin Opens New Lab in Bangkok
  11. Sally Morrison Takes Larger Role in De Beers to Lead US Marketing
  12. Buccellati Executive to Lead Board of New Richemont Acquisition Jewellery Brand
  13. Weak Sales Recorded from Gemfields Emerald Auction
  14. Gübelin Opens New Lab in Bangkok
  15. Jewelers of America Announces 2024 CASE Awards Winners
  16. Chow Tai Fook Appoints New Chief to Lead Strategic Expansion in Southeast Asia and Globally
  17. Pandora Raises Full Year Growth Outlook Amid Strong Performance
  18. GIA Finds Natural-Looking Inclusions in Synthetic Ruby
  19. Hong Kong Luxury Retail Sales Down 23% in June
  20. De Beers Cancels August Sight, Combines with October Sight
Read More...


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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