Issue 63
Revenue generated from the 59th Bangkok Gems and Jewelry Fair (BGJF 59) held by the DITP in February is predicted to exceed those of the preceding year.
“The DITP expects that the value of sales generated at the event will be over US$487 million (17 billion baht) while the event in September 2016 generated total sales of US$475 million (16.69 billion baht,” Commerce Minister Apiradi Tantraporn said.
DITP General-Director Malee Choklumlerd added that the event was proving increasingly popular with overseas exhibitors. “The number of foreign exhibitors was 18% higher than the previous fair. It also attracted more than 23,000 visitors from around the world.”
Thailand is the world 10th largest gems and jewelry producer and exporter. It generated US$6.97 billion (243.9 billion baht) worth of gems and jewelry exports excluding gold from January to December 2016.
The Commerce Minister said shipments of Thai gems and jewelry excluding gold are forecast to rise 5% this year to US$7.32 billion (256.6 billion baht).
About 730 companies from countries around the world participated at the fair (occupying over 2,000 booths), which was held at Challenger Halls, Impact Muang Thong Thani, Bangkok from February 22 to 26.
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