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The Thai gem and jewellery industry is one of the nation’s most important industries. It is based on the outstanding craftsmanship of the Thai gem-cutters, excellent designs, reputed quality, premier craftsmanship and state-of-the-art technology.
Bangkok most thought after event for this industry is the Bangkok Gems and Jewellery Fair, a bi-annual event regarded as the world’s fifth and Asia’s second largest trade show in the gems and jewellery market.
For the 30th year, BGJF run its 52nd edition at the IMPACT’s famous Challenger Hall, Asia’s largest column-free, ground-level exhibition facility. Boasting of 3,500 booths spread across 100,000 square meters of commercial space, the Fair provided a variety of new features aimed at enhancing trade activities like seminars, contests, trend updates, and special offers.
One of the most important features of the 52nd BGJF was the initiative of the Thai government; the lift of 20% tax on imported gems and jewellery products to be sold at the fair. This allowed foreign exhibitors to bring in and sell gems and jewellery from other countries duty-free, while local exhibitors were able to reduce their selling prices after cutting down on imported parts and products’ costs. Both local and foreign buyers took advantage of 20% savings at the Fair.
“The government has been with us every step of the way, helping to promote exports as well as developing overseas markets via trade fairs, road shows and exceptional exhibitions” said Somchai Phornchindarak, President of the Thai Gem and Jewellery Traders Association (TGJTA) and Chairman of the Gems, Jewelry and Precious Metal Confederation of Thailand.
Worthy to not that the import duty-free incentive can only be availed of at the BGJF52 though, by exhibitors endorsed by TGJTA.
Another feature of the fair to be highlighted is the Matching Service its offers; it gives buyers the chance to meet and sit with sellers, by appointment, in a private, comfortable room with special VIP service. The service was credited by most buyers as very convenient and satisfying. While the organisers stated that around $30,000 to $2 million worth of gems and jewellery were purchased using that method alone.
The coming edition of Bangkok Gems and Jewellery Fair is from February 25th to March 1st 2014. www.bangkokgemsfair.com
