Thailand is one of the history-reigning countries in the world for its jewelry and gem production. It has one of the largest natural pool of minerals and gems and is an international trade center for its renowned rubies and sapphires. A realm of craftsmanship molded with modern technology, places Thailand as one of the top jewelry exporters and manufacturers in the global market.

Today, Thailand is an established exporter of precious gems in the trade industry. In 2017, its exports of jewelry and gems combined was the highest in 3 years, which increased by 2.25%. Although the global economy lags behind, its exports last year brought the country a total of USD 13 billion worth of revenue, consuming 5.4% of the total amount of exports in Thailand.

In just the first quarter of 2018, Hong Kong imported a total of USD 1.47 million dollars worth of jewelry, including 22.87% of gold, 18.83% of rubies, sapphires and jades, 15.52% of diamonds, 12.5% of silver jewelry and 8.04% of semiprecious gemstones.

The 61st Bangkok Gems and Jewelry Fair, which took place in February 2018, was one of the most successful fair ran by the Thai government and the Department of International Trade Promotion. In just 5 days, the fair attracted buyers from 113 countries, with those from India, Myanmar, China, United States and Russia being the most active on the market. More than 853 sellers, with more than 2,000 display booths participated in the fair. Besides local vendors, international vendors from Hong Kong, Poland, Turkey, Japan, Singapore, India, Korea, Pakistan, Indonesia and Canada additionally took part in this exciting fair.

The 61st Bangkok Gems and Jewelry fair brought a total trade value of USD 63 million, including USD 19 million of sells within the year, 44 million USD of pre- orders. The total amount has increased from last year by at least 2.5%.

The 62nd Bangkok Gems and Jewelry Fair will take place in September this year, deeming Thailand as the “World Trade Hub of Gems and Jewelry.”

Source: ETNet