70th Bangkok Gems Fair hits $100M in orders, Boosting global trade hub status

NationThailand-Sept 29

The Department of International Trade Promotion (DITP) and The Gem and Jewelry Institute of Thailand or GIT have announced the results of the 70th Bangkok Gems and Jewelry Fair, held from 9-13 September 2024 at the Queen Sirikit National Convention Center. The event exceeded expectations with total purchase orders reaching the target of almost 100 million US$ and nearly 40,000 attendees from around the world. The two organizers have committed to an even grander event next year, with plans to expand the exhibition area by over 100 additional booths. The five-day event generated purchase orders totaling over 100 million US$, with 1,101 exhibitors from both domestic and international markets occupying 2,470 booths from 20 countries. The entire Hall 1-8 of floors G and LG at the Queen Sirikit National Convention Center was fully occupied.

The event attracted 39,579 visitors, marking a 6.11% increase compared to the previous edition, with international visitors making up 72% of attendees. The top five countries represented were India, Myanmar, China, Sri Lanka, and Japan. The top five product categories with the highest purchase orders were gemstones, silver jewelry, diamonds, gold jewelry and fine jewelry, respectively. The fair also serves as a platform for building business alliances and exchanging knowledge through various special activities, including exhibitions of gemstones and jewelry by Thai artisans, networking receptions, marketing seminars, and other concurrent events such as collaborations with international organizations and signing the memorandum of understanding (MoU) with the Greenhouse Gas Management Organization to prepare the Thai industrial sector to be in line with sustainable global trade and industrial agreements. Read more at: https://www.nationthailand.com/business/trade/40041915