DITP and GIT prepare to organize the 70th ‘Bangkok Gems’, a magnificent event.

DITP and GIT are preparing to organize the 70th 'Bangkok Gems', a spectacular event that will reinforce Thailand's position as the world's gem and jewelry hub. The Department of International Trade Promotion (DITP) and the Gem and Jewelry Institute of Thailand (Public Organization) or GIT, along with the organizing committee from both the public and private sectors, have joined hands to announce the 70th edition of the 'Bangkok Gems and Jewelry Fair' or 'Bangkok Gems', which will be held from September 9-13 at the Queen Sirikit National Convention Center. It is expected that the circulation will not be less than 3.5 billion baht. Mr. Phusit Ratanakul Sereeringrit, Director-General of the Department of International Trade Promotion, revealed about Bangkok Gems and Jewelry and its importance to the industry that 'Gems and jewelry are industries that are very important to driving the country's economy. Although the world is facing economic slowdown due to various challenges, exports of this product group in 2 023 expanded by 9.61 percent, worth more than 8,800 million US dollars. For the first half of 2024, it was worth 4,556 million US dollars, expanding by 8.48 percent when compared to the same period last year. Bangkok Gems is an important mechanism that helps drive Thailand to achieve its goal of becoming a major center for gem and jewelry trade in the world.' In addition, Mr. Phusit also mentioned about Bangkok Gems, 'It is the largest gem and jewelry fair in Thailand, the oldest in Asia, and ranked among the top 4 largest in the world. It is an important destination for traders from all over the world to come to negotiate and order products at the fair. In the past few years, Bangkok Gems has expanded in every dimension, whether it is the number of exhibitors increasing by +34%, the number of booths increasing by +17%, the number of visitors increasing by +40%, the trade value increasing by +102%, including the diversity of countries participating in the fair. It is expected that the 70th Bangkok Gems Fair will receive a greater response from buyers around the world and is expected to generate a trade value of no less than 3.5 billion baht.' Mr. Sumet Prasongpongchai, Director of GIT, a co-organizer of Bangkok Gems, said, 'From the evaluation of the 69th Bangkok Gems, it was found that both exhibitors and visitors were very satisfied, averaging over 95 percent. When compared to trade shows around the world, both exhibitors and visitors were most satisfied with Bangkok Gems. The recruitment of entrepreneurs for the 70th event, which will be held this September, was as well-received as ever. There were leading exhibitors from Thailand and abroad who participated in the exhibition, with over 1,100 companies and nearly 2,500 booths. It is expected that there will be no less than 35,000 visitors from around the world.' Bangkok Gems and Jewelry Fair is a trade platform that provides opportunities for SME entrepreneurs of all levels to meet and negotiate trade with businessmen and buyers from around the world, build alliance networks, expand business opportunities, and collaborate comprehensively. In addition, there are many interesting activities in the fair, such as the New Faces zone, which is a zone to showcase products from new entrepreneurs with potential, a group of new designers, The Jewellers, entrepreneurs under the SMART Jewelers by GIT project, and local entrepreneurs in Chanthaburi Province, which the Provincial Commerce Office has brought to participate, totaling more than 60 entrepreneurs, a Networking Reception activity, a certified gem inspection service during the fair, as well as seminars to provide knowledge on techniques and marketing, such as a seminar on the Middle East market by experts from Dubai, and advice to prepare for penetrating the Middle East market, etc. The 70th Bangkok Gems and Jewelry Fair is scheduled to be held from 9-13 September 2024, showcasing products from leading Thai and international companies, totaling 1,100 companies, 2,470 booths, filling up Halls 1-8 on both floors G an d LG of the Queen Sirikit National Convention Center, Bangkok. For more information, visit www.bkkgems.com or facebook.com/Bangkokgemsofficial Source: Thai News Agency