The Thai Gem and Jewellery Traders Association (TGJTA) and the Gems, Jewellery, and Precious Metal Confederation of Thailand (GJPCT) officially launched the "Thailand Gems & Jewellery Fair 2024" on October 24th. This grand event is scheduled to take place from February 21st to 25th, 2024, at the prestigious Impact Challenger Muang Thong Thani. It is poised to become the largest Gems & Jewellery Fair in ASEAN, bolstering the esteemed reputation of Thailand as the "Gem Capital of the World" among global traders.
Serving as the primary trading hub for gem and jewellery raw materials and holding a prominent position in the minds of traders worldwide, this fair is boosting confidence in Thailand as the epicentre for trade and investment in the industry. Recognising its significance as a global player in the world of gems and jewellery, the objective is to harness the allure of "Thai gemstones" and expand their appeal among international tourists and the general public. This initiative seeks to lay the groundwork for the sustainable expansion and development of the Thai gem and jewellery industry.
Mr. Somchai Phornchindarak, Chairman of The Gems Jewellery and Precious Metal Confederation of Thailand, remarked, "The Thai Gem and Jewellery Traders Association (TGJTA) is a formidable gem association with a rich history spanning over half a century. It boasts the largest number of corporate members in Asia, totalling 1,600. This collective strength is the result of the combined efforts and dedication of entrepreneurs, skilled artisans, and the extensive workforce associated with this industry, comprising over 1 million individuals. The gem and jewellery industry have been a resilient pillar of the Thai economy for an extended period, holding the prestigious position of being Thailand's third most significant export commodity. Beyond its economic resilience, the industry's complexity lies in the intricate fusion of science and art, making it impervious to facile replication by algorithms, artificial intelligence (AI), or automation systems. This industry plays a pivotal and influential role in shaping the future of the Thai economy."
Meanwhile, Thailand is revered as the "Capital of Gemstones" for global traders, serving as the primary destination for the trade of precious gemstones and jewellery materials. Acknowledging the paramount significance of reinforcing this robust image, the Association and Society envision the opportunity to solidify and showcase this image through the organisation of "Thailand Gems & Jewellery Fair 2024." The event aims to facilitate business negotiations and transactions for entrepreneurs and reinforce the concept of creating Soft Power through the global promotion of "Ploi Thai," expanding the popularity of colour stones from Thailand among international tourists and the general public. Additionally, the fair aims to provide an opportunity for global traders and individuals to directly purchase the highest quality coloured gemstones from authentic Thai manufacturers. Projections for this event suggest exports amounting to no less than billions of baht, fostering the growth of Thailand's gem and jewellery industry into a pivotal sector for the country's prosperous future. This will not only provide secure livelihoods for the Thai people in the midst of the fast-paced technological advancements era but also ensure the sustainable and steadfast growth of the gem and jewellery industry, which is inherently complex, as mentioned previously. To combat disruptive trends, the Association and Society have proposed a strategy to ensure the steady and robust growth of this industry while assisting the government in conserving the public's tax budget. This strategy involves pushing and promoting private sector entities within the expert and knowledgeable gem and jewellery market as the spearhead in the competitive landscape. The government, in turn, acts as a facilitator and supporter in this regard," stated Mr. Somchai.
Mr. Chomphol Phornchindarak, 1st Vice President of the Thai Gem and Jewellery Traders Association and CEO of Thailand Gems and Jewellery Fair, has declared, "Following the positive response from the past several years' events, we are determined to build upon this success by preparing for 'Thailand Gems & Jewellery Fair 2024.' We have garnered enthusiastic support and collaboration from the Ministry of Tourism and Sports, the Tourism Authority of Thailand, the Bangkok Metropolitan Administration, and the Standardised Gem and Jewellery Traders Association. Participants in the event will have the opportunity to explore the five luxurious zones, including the Colored Gemstone Zone, Diamond Trading Zone, Gold Jewellery Zone, Silver Jewellery Zone, and Equipment and Machinery for Production Zone. Moreover, attendees will enjoy direct access to manufacturers from various countries, ensuring that this event caters to all the diverse range of demands one could seek. Furthermore, this event provides a rare and exceptional opportunity for all to acquire gemstones and jewellery directly from preeminent global manufacturers with the utmost confidence. All participating companies have been certified by the association, and the event is accessible to the general public without any charges, catering to a wide spectrum of needs, whether they pertain to wedding jewellery, daily wear, investment purposes, or the business sphere," added Mr. Chomphol.
The highly anticipated "Thailand Gems & Jewellery Fair 2024" is scheduled for February 21st to 25th, 2024, running from 10:00 AM to 6:00 PM daily at IMPACT Challenger Hall, Muang Thong Thani. Admission is entirely free. The trade fair is a key mechanism for enhancing the reputation of Thailand's vibrant gem and jewellery industry. For those eager to participate in this occasion, pre-registration is available. For more information on Thailand Gems & Jewellery Fair 2024, please visit the website www.thaigemjewelry.or.th, the Facebook page: https://www.facebook.com/tgjta, Line OA: @tgjta, or contact us directly at 02 630 1390 – 7.