{"id":6307,"date":"2018-10-01T16:03:00","date_gmt":"2018-10-01T10:33:00","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=6307"},"modified":"2021-06-09T11:16:18","modified_gmt":"2021-06-09T05:46:18","slug":"colour-creativity-rule-at-bangkok-fair","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/colour-creativity-rule-at-bangkok-fair\/","title":{"rendered":"Colour & Creativity Rule At Bangkok Fair"},"content":{"rendered":"\n

Known as one of the world\u2019s leading producers of fine gems and jewellery, Thailand showcased its prolific range of jewellery at the 62nd edition of the Bangkok Gems & Jewellery Fair (BGJF), held from September 7th to 11th, 2018.<\/em><\/h4>\n\n\n\n

Atestament to the economic importance of Thailand\u2019s gem and jewellery industry, the BGJF is organised and supported by Thailand\u2019s Department of International Trade Promotion (DITP) under the ministry of commerce. The sector is seen as vital to the development of the country\u2019s economy ranging from tourism to employment, from value-add of products and services to promoting a creative economy. More than 1.2 million people are employed in some aspect of gem and jewellery production, which generated $12.8 billion in 2017.<\/p>\n\n\n\n

It should also be noted that a significant share of Thailand\u2019s gem and jewellery industry is third-party production that Thai manufacturers carry out for many foreign brands, including a number of well-known global luxury brands. These pieces are mainly crafted in gold, diamonds and gemstones, but the nation is also the world\u2019s second largest supplier of silver jewellery, just behind India.<\/p>\n\n\n\n

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A wooden necklace and cuff. Photo courtesy BGJF<\/figcaption><\/figure>\n<\/div>\n\n\n\n
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A coloured gemstone ring. Photo courtesy BGJF<\/figcaption><\/figure><\/div>\n<\/div>\n<\/div>\n\n\n\n

Sector growth<\/h4>\n\n\n\n

\u201cThis industry has been experiencing robust growth, and the 62nd BGJF is an important marketing tool to promote the industry\u2019s capabilities and support Thai manufacturers, including SMEs, to expand their businesses abroad while networking and trading with partners from Thailand and other countries,\u201d explains Sontirat Sontijirawong, Thailand\u2019s minister of commerce.<\/p>\n\n\n\n

\u201cAt the BGJF, new brands and designers have an opportunity to showcase their unique creations to target buyers from around the world, while the number of exhibitors joining the BGJF as well as those expressing interest in participating in the fair has been rising every year,\u201d he continues.<\/p>\n\n\n\n

\u201cIn the first seven months of 2018, from January to July 2018, exports of gems and jewellery, excluding unwrought gold, saw an increase of 6.93% (to reach $7 billion) compared to the same period in the previous year. Moreover, the industry is projected to continue its steady growth into the coming year,\u201d adds Chantira Jimreivat Vivatrat, director of Thailand\u2019s DITP.<\/p>\n\n\n\n

In 2017, jewellery products showing the highest growth were gemstones (+12.42%), pearls (+28.34%), silver jewellery (+14.74%), precious metal and metal-plated items (+90.19%). Products that saw negative growth were diamonds, gold jewellery, imitation jewellery, and other precious metal pieces.<\/p>\n\n\n\n

Heritage & craftsmanship<\/h4>\n\n\n\n

This edition of the BGJF took place under the theme \u201cHeritage & Craftsmanship,\u201d with the aim of highlighting Thailand\u2019s cultural heritage. Beautiful Thai designs with international touches shone a spotlight on Thailand\u2019s position as a major player in the global gems and jewellery arena.<\/p>\n\n\n\n

One of the most spectacular displays of Thai craftsmanship was the elegant fashion show entitled the \u201cQueen of Jewellery\u201d. The show honoured the royal projects of Her Majesty Queen Sirikit, who dedicated her life to promoting arts and culture as well as helping her subjects generate income. The fashion show highlighted jewellery from Thai manufacturers, which showcased exquisite collections in high fashion, from gold jewellery made by artisans using ancient techniques to contemporary gold and silver jewellery, with many pieces incorporating striking coloured gemstones with intricate designs.<\/p>\n\n\n\n

Special sections<\/h4>\n\n\n\n

As in previous years, the \u201cNiche Showcase\u201d featured five jewellery trends: Metro Men\u2014 jewellery for the modern man as well as LGBT individuals; The Moment\u2014jewellery for special occasions such as weddings and auspicious events; Beyond Jewellery\u2014lifestyle and decorative products with precious stones and materials; Heritage & Craftsmanship\u2014jewels and products that mix heritage and craftsmanship such as those featuring reinterpreted folk wisdom of the four regions of the country into four contemporary jewellery collections; and Spiritual Power\u2014pieces that reflect spiritual beliefs such as shown in Thiti Jewellery evoking ancient beliefs related to silver and pearl jewellery but in contemporary designs.<\/p>\n\n\n\n

A special \u201cJewellers\u201d exhibition featured a number of Thai designers who participated in the Designers\u2019 Room and Talent Project, with a range of creative products. The \u201cCreative Jewellery Project Exhibition\u201d showcased 40 designers whose innovative techniques attracted much attention, as did those in the special \u201cInnovation and Design Zone,\u201d with products made from non-traditional elements.<\/p>\n\n\n\n

Finally, an expanded \u201cNew Faces\u201d section provided the opportunity for 150 new exhibitors from 18 provinces in Thailand to display their creative works.<\/p>\n\n\n\n

Mixed results<\/h4>\n\n\n\n

Several thousands of trade visitors from around the world visited the five-day show, which was also opened to the public at large during the last two days. Unlike most trade shows, fair officials indicated that the reason for including the general public was twofold. First, it allowed local people to see the creativity of Thai (and other) exhibitors, and secondly, some 20% of sales were generated during the final two days of the show.<\/p>\n\n\n\n

Some 914 exhibitors showcased their wares at the BGJF, with 800 coming from Thailand. The busiest booths seemed to be the gem sellers, followed by silver. Although many exhibitors stated that the show was slow, others indicated that they were happy with the results, both in terms of sales and new contacts made. This outcome appears to be the new norm for trade shows these days.<\/p>\n\n\n\n

Tax advantages<\/h4>\n\n\n\n

Thailand\u2019s gem and jewellery industry enjoys several tax advantages to help its competitiveness. A number of tax-free zones, such as Gemopolis, on the outskirts of Bangkok, house production facilities, where foreign companies benefit from a strong infrastructure, easy access to raw material suppliers and a highly skilled workforce.<\/p>\n\n\n\n

BGJF exhibitors from outside of Thailand are also exempt from paying the value-added tax (VAT) when importing their goods for the show. VAT is paid only after the show and only for products that are sold. This greatly eases the paperwork and costs for overseas exhibitors who import and then re-export their unsold products, which remain untaxed.<\/p>\n\n\n\n

To attract buyers, the BGJF also offers a variety of discounts on hotels, car rentals, restaurants and other amenities in Bangkok. (bkkgems.com)<\/p>\n","protected":false},"excerpt":{"rendered":"

Known as one of the world\u2019s leading producers of fine gems and jewellery, Thailand showcased its prolific range of jewellery at the 62nd edition of the Bangkok Gems & Jewellery Fair (BGJF), held from September 7th to 11th, 2018. Atestament to the economic importance of Thailand\u2019s gem and jewellery industry, the BGJF is organised and…<\/p>\n","protected":false},"author":1,"featured_media":6309,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[91,112,106,79],"tags":[],"thb-sponsors":[],"class_list":["post-6307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-events","category-international","category-manufacturing","category-viewpoint"],"acf":[],"yoast_head":"\nColour & Creativity Rule At Bangkok Fair - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/colour-creativity-rule-at-bangkok-fair\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Colour & Creativity Rule At Bangkok Fair - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Known as one of the world\u2019s leading producers of fine gems and jewellery, Thailand showcased its prolific range of jewellery at the 62nd edition of the Bangkok Gems & Jewellery Fair (BGJF), held from September 7th to 11th, 2018. 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