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12 - 09 - 2017 Exhibitor Count Up at Bangkok Gem Fair

By David Brough

 

RAPAPORT... Exhibitor numbers were up at the Bangkok Gems & Jewelry Fair, with organizers seeing a rise in Thai gem and jewelry exports by value in 2017 due to higher gold prices.

Foot traffic was brisk, with some 20,000 visitors attending the 60th edition of the show, held at the IMPACT Challenger convention center September 6 to 10 and organized by the state-run Department of International Trade Promotion (DITP). Exhibitors were up 10% compared with the previous DITP event in February, organizers said.

Thai gem and jewelry exports, including gold, were estimated to rise around 5% year on year in 2017, said Chantira Jimreivat Vivatrat, the incoming head of the DITP.

The value of Thai exports in 2017 was buoyed by firmer gold prices. A stronger Thai baht against the US dollar also reduced the cost of imported precious materials to Thailand, Jimreivat Vivatrat added.

The mood at the event, which showcases Thai-manufactured jewelry and colored gemstones, was positive. Many visitors were attending the show before traveling to the Hong Kong Jewellery & Gem Fair.

Thailand introduced the Thailand Trust Mark or T Mark, backed by the DITP, which certifies high-quality and socially responsible production in gems and jewelry and in other sectors.

Some tastes in diamond jewelry were shifting to less opulent pieces, said Mehran Mahallati, a co-owner of Mahallati Jewellery, which exhibited at the Bangkok show.

“We are producing more accessible diamond jewelry because the market trend is shifting in that direction,” he said. “Jewelry is no longer reserved for special occasions and events. Millennials use it as an expression of themselves in an everyday setting with an emphasis on meaning and quality.”

Retailer and designer Alexander Davis, who won Designer of the Year at the 2017 UK Jewellery Awards, visited the Bangkok Gems & Jewelry Fair to shop for gemstones and seek manufacturing and gem-sourcing connections that he would not make in Europe.

“It has been good to make contacts closer to the source in the supply, cutting and carving of colored precious and semi-precious gemstones,” said Davis, who has a boutique in central London.

Image: Bangkok Gems & Jewelry Fair

 

Source: Rapaport 10-09-2017

 
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