Road show in Hong Kong (HK)
Quality Thai Jewelry
Stands Out in HK
BGJF, will take place
from September 10-14, 2019
Thailand’s
Department of International Trade Promotion (DITP) organised a road show in
Hong Kong (HK) from February 28 – March 4, 2019 to promote the 64th edition of
the Bangkok Gems & Jewelry Fair (BGJF), which will take place from
September 10-14, 2019, highlighting Thai excellence in craftsmanship under the
theme Thailand Magic’s Hands.
Thailand
has a rich history as one of the world’s most prominent centers for gems and
jewelry and is well known for its high-quality manufacturing. The Bangkok Gems
& Jewelry Fair is a vital conduit for Thai gem and jewelry exports, the
third biggest export earner of the Southeast Asian country. Thailand is
celebrated for its supreme craftsmanship and manufacturing capability in
colored gemstones and gold and silver jewelry.
With
the emerging role of ASEAN markets, the DITP believes that Thailand can be
internationally competitive due to its advanced facilities, efficient transport
links, special tax benefits and, most importantly, its heritage of excellent
craftsmanship, quality and design. Thailand is well-positioned for upcoming
trends, such as Fast Retailing. Special orders with the help of 3D printing
will help to speed up the model making progress, leading to changes in
manufacturing processes.
Exports rising and HK among top three
trade partners:
A
large portion of the gems and jewelry produced by Thai artisans is exported to
many of the leading markets around the globe including Switzerland, Hong Kong,
India and the US. In 2018, exports of gems and jewelry, excluding unwrought
gold, reached USD 7,606 million, led by significantly higher exports to the US,
Germany, Belgium and China. Despite a slight drop in export values,
Hong
Kong remains Thailand’s number one trade partner in gems and jewelry,
accounting for roughly one-quarter of the sector with an export value of USD
2.08 billion. These purchases were primarily in diamonds, gemstones and gold
jewelry respectively.
In
recognition of the industry’s significance, the Department of International
Trade Promotion (DITP), Ministry of Commerce of the Royal Thai Government is
ready to promote the 64th Bangkok Gems and Jewelry Fair to be held from
September 10-14 2019.
“The
DITP is working relentlessly to improve the look and content of the show, as
well as facilities and services, in order to ensure that the BGJF continues to
serve the needs of the industry and the market,” said Mrs Chanunpat Pisanapipong,
Thai Trade Center (TTC) Hong Kong Executive Director.
Excellence of Thailand Craftsmanship in
Global Industry Perception:
“The
skills and workforce in Thailand are not only comparable to international
standards, but also are hard to match anywhere else in the world,” said Mr. Ng
King Hon Kevin, Chairman of the International Jewelry Designers Association
(Hong Kong).
Mr.
Fiorence Chan, Editor-in-Chief & Deputy Publisher, Hong Kong Jewellery
Magazine Limited, Hong Kong Jewellery & Jade Manufacturers Association
(Hong Kong), said: “Thai jewelry design is becoming more impressive…Technology,
Transparency and Sustainability are key words to win global buyers’
confidence.”
Pandora,
which is made in Thailand, is a prime example of a Thai-manufactured brand that
is doing well in the Hong Kong market. Mr Sumed Prasongpongchai, Deputy
Director (Business), of the GIT – Gem and Jewelry Institute of Thailand (Public
Organization), said: “Thailand is the leader in colored gemstones, and
cooperation between GIT and China’s NGTC – National Gemstone Testing Center, is
currently moving forward to develop standardisation of product quality
assurance, language and a global certificate system.”
For
Thai exporters, there is potential in Thai color stone exports to Hong Kong,
bolstered by the zero import tax system to China, according to the DITP.
Mr
Prida Tiasuwan, Chairman of Thailand’s Pranda Group, a leading manufacturer,
said he believed that the DITP was right to focus on Thailand’s craftsmanship
as these skills, developed over generations, give Thailand a strong competitive
edge in the global marketplace.“I hope that we will continue to see the
excellence of Thai craftsmanship running as a highlighted theme at the Bangkok
Gems & Jewelry Fair,” Mr Prida said.
The
Bangkok Gems and Jewelry Fair gathers more than 15,000 visitors from some 118
countries to order the latest products from Thai companies and brands,
including manufacturers, trading companies, distributors, wholesalers and
designers.
The
September show will be an unrivaled opportunity to source from a vast selection
of jewelry, gemstones and diamonds, pearls, as well as state-of-the-art
machinery technology, display materials and packaging.
“Visitors
who had been invited to the Bangkok show from Hong Kong are mostly niche
buyers. Thai exhibitors should prepare themselves with full details, such as
export knowledge, documentation and quotations. In addition, as most Hong Kong
buyers have high expectations of receiving prompt feedback, having instant/real
time interaction with customers via email or multimedia platforms, will be
extremely important to build trust. added Mrs Chanunpat.
The
64th Bangkok Gems & Jewelry Fair will be held from September 10 to 14, 2019
at Challenger Halls 1-3, IMPACT Muang Thong Thani. Bangkok Gems & Jewelry
Fair (BGJF) is one of the world’s most renowned and longest-celebrated gems and
jewelry trade fair in the industry. Organized on a biannual basis by Thailand’s
Department of International Trade Promotion (DITP), Ministry of Commerce, in
February and September, the Bangkok Gems & Jewelry Fair is regarded as a
significant trading arena where all key players in the global gems and jewelry
business can achieve their purposes of sourcing, trading, networking.
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