CollectionsApr 26, 2024
Piece of the Week: Jacquie Aiche’s Starry Galaxy NecklaceThe necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
Events & AwardsSep 09, 2016
U.S. Market, Tax Benefits Expected to Aid Thai Industry
The Thai government predicts that its gem and jewelry sector will grow 10 percent in export value in 2016, with the U.S. market playing a part.
The Bangkok Gems and Jewelry Fair, held from Sept. 7 to 11, is being run solely by the country’s Department of International Trade Promotion now as Thailand aims to build its gemstone and jewelry sector.
Bangkok--The Thai government is aiming to turn around the performance of its gem and jewelry show in Bangkok, aiming to make it into one of the largest trade events while growing the sector overall.
The Thai Gem and Jewelry Traders Association organized the last 34 editions of the Bangkok Gems & Jewelry Fair, but the event is again being fully run by the country’s Department of International Trade Promotion (DITP), in what the department says is an effort to bolster trade and production of gems and jewelry.
The show continues through Monday at the Impact Challenger event center, located in the Muang Thong Thani section of Bangkok.
Gems and jewelry are Thailand’s third largest export, after automobiles and electronics, and the category is expected to increase 10 percent in export values in 2016 to $7.9 billion, the DITP said, citing numbers from the Global Trade Atlas.
The U.S. market is expected to play a part in this as the region continues to grow and provide opportunity for the Thai gem and jewelry sector, Chantira Jimreivat Vivatrat, deputy director-general of the DITP, Ministry of Commerce, said at the show.
As part of the ASEAN (Association of South-East Asian Nations) economic community now, Thailand also is able to offer a zero-VAT incentive for buyers, as the agreement provides for no import and export duty taxes on items traded among the countries involved, helping Thailand compete with other nearby markets and attract more international buyers.
The country also is counting on the rise of the “super-rich” consumer segment to contribute to its expected growth.
The Bangkok show, which seemed to get off to a slow start Wednesday but picked up in visitor attendance Thursday, is comprised of 791 companies, 640 of which are domestic, with the most registered attendees coming from India, followed by the United States, Australia, Myanmar and Japan.
As Thailand is known for its colored gemstones, colored gem exhibitors make up about a third of the show, followed by silver, which also is a strong performer for the country, and then gold, pearls and diamonds, officials said at the show.
Ultimately, DITP said it aims to make the event one of the world’s top three gem and jewelry events by 2018 and will continue to adapt the show based on buyer and exhibitor feedback and attract more international buyers and exhibitors.
But as the event faces competition
Editors' Picks
Sponsored by
from other shows, it remains to be seen if and how it will pick up again.
The show takes place just before the Hong Kong gem and jewelry shows, so organizers said they will try separate their event through differentiated product, such as its craftsmanship and silver jewelry.
Organizers also are working to promote young and emerging talent. Recently, the Thailand Ministry of Commerce created a new program to debut pieces from 10 emerging designers to the U.S. market through an event called “Thailand Jewelry -- 10 Imaginers.”
The designers showcased their creations in one-on-one appointments in an effort to attract buyers from upscale stores in the U.S.
These emerging jewelry designers also have a presence at the Bangkok show, and organizers said they will aim to build up that section to bring forward more innovative product to highlight the branded side of the Thai jewelry sector.
The show takes place just before the Hong Kong gem and jewelry shows, so organizers said they will try separate their event through differentiated product, such as its craftsmanship and silver jewelry.
Organizers also are working to promote young and emerging talent. Recently, the Thailand Ministry of Commerce created a new program to debut pieces from 10 emerging designers to the U.S. market through an event called “Thailand Jewelry -- 10 Imaginers.”
The designers showcased their creations in one-on-one appointments in an effort to attract buyers from upscale stores in the U.S.
These emerging jewelry designers also have a presence at the Bangkok show, and organizers said they will aim to build up that section to bring forward more innovative product to highlight the branded side of the Thai jewelry sector.
More on Events & Awards
The Latest
SourcingApr 26, 2024
Anglo American Reportedly Shopping De Beers as BHP Eyes Anglo Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
EditorsApr 25, 2024
5 Tips for Creating Fans from the Top (Savannah) Banana Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
Brought to you by
The Blueprint for Success in Scalable, Personalized Jewelry RetailWith Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
WatchesApr 25, 2024
Audemars Piguet and John Mayer Partner on Limited Edition WatchThe Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
Weekly QuizApr 26, 2024
This Week’s QuizTest your jewelry news knowledge by answering these seven questions.
SourcingApr 25, 2024
De Beers Lowers Production Guidance for 2024The announcement came as the company reported a 23 percent drop in production in Q1.
MajorsApr 25, 2024
Detroit Lions’ QB Jared Goff Keeps Going to JaredThe three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
Brought to you by
How Jewelers of America Represents Your BusinessFor over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
CrimeApr 24, 2024
Jewelry Crime Declines Significantly, But Dollar Losses Remain High A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
CollectionsApr 24, 2024
Pippa Small Announces ‘Venus’ CollectionInspired by the Roman goddess of love, the designer looked to the sea for her new collection.
FinancialsApr 24, 2024
Kering’s Jewelry Brands a Bright Spot in Tough Q1The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
Events & AwardsApr 24, 2024
JCK Industry Fund Announces 2024 Grant RecipientsThe selected nine organizations have outlined their plans for the funds.
SourcingApr 24, 2024
Rio Tinto’s Q1 Production Drops Amid Pause to Honor Lost Colleagues The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
WatchesApr 24, 2024
These Are Rolex’s New Watches for 2024 The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
ColumnistsApr 23, 2024
The Smart Lab: Advanced Email Marketing Strategies for Mother’s DayEmmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
IndependentsApr 23, 2024
Hannoush Jewelers Opens New Store in New York Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
SourcingApr 23, 2024
Lucapa Sells 3 Diamonds for $10.5M in First Lulo Tender of 2024A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
GradingApr 23, 2024
GIA Has a New Book About William RuserRuser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
CollectionsApr 22, 2024
Jacquie Aiche’s New Campaign Stars Adam Levine, Behati PrinslooThe “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
EditorsApr 22, 2024
The 22 Best Quotes from AGS Conclave 2024 Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
SourcingApr 22, 2024
Virtual Diamond Boutique Rebrands as ‘VDB’The overhaul includes a new logo and enhanced digital marketplace.
MajorsApr 22, 2024
Signet Raises Nearly $9M for St. Jude Children’s Research HospitalThe money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
CollectionsApr 19, 2024
Piece of the Week: Retrouvaí’s Treasure NecklaceA new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
CrimeApr 19, 2024
Grand Jury to Hear Case Against Jeweler Charged in Fatal Shove Following IJO ShowLast month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
MajorsApr 19, 2024
Unique Designs Acquires China PearlThe move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
GradingApr 19, 2024
AGS Ideal Report Now Available in Printed FormFrom now through mid-May, GIA will be offering the reports at a 50 percent discount.
SourcingApr 18, 2024
Diamond Trade Remains Cautious Amid Economic UncertaintyDe Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
