The Bangkok Gemstones and Jewellery Reasonable, which ends today, is expected to satisfy its target create 3 billion baht in sales.
Minister associated with Commerce Jurin Laksanawisit told the starting ceremony last week that the event has been managed 67 times in almost four decades, including during the coronavirus pandemic.
He said the event was organised practically and hailed it as the world’s 1st virtual jewellery fair. The event was held on the internet during the last two years, making more than 500 million baht in investments each year, he stated.
This particular year’s event is certainly organised for five days at the Effect Challenger, Muang Thong Thani in Nonthaburi.
It really is attended by one, 020 exhibitors which includes 168 foreign ones from South Asia, the United States, Europe and the Middle East. The event is expected to pull over 15, 1000 local and global buyers.
“We expect sales during the fair to achieve 3 billion baht, which will help drive the export of gemstones and jewellery upward by 20%, conference the target set with the [ministry], inch Mr Jurin said.
This individual said the ministry was also creating relationships in the gems plus jewellery industry. This had signed a good MoU with Japan’s Kofu, the capital associated with Yamanashi Prefecture, the country’s gem and jewellery hub, upon July 12 this past year to promote cooperation plus business development, he said.
Gems and jewelry ranked ninth among Thailand’s top revenue-generating industries last year, using a value of nearly two hundred billion baht, he or she said. About 90% of the businesses are SMEs, and the industry has established over 664, 1000 jobs, he stated.
He or she said Thailand’s gems and jewellery business was outstanding in manufacturing mastery, artisanship and craftsmanship in screening, polishing, forging and design.
The government wanted to support international fairs to push Thailand as one of the world’s primary jewellery hubs, he or she said.
He said exports of Thai gemstones and jewellery expanded by 29. 8% last year, generating 195 billion baht within income.
For this year, the particular Ministry of Commerce has set a good export target of 234 billion baht, up 20% from the previous year.
During the first seven months of this year, the value of exports already had achieved 150 billion baht, which is 64% from the target, Mr Jurin said.