The 63rd Bangkok Gems & Jewelry Fair will take place on February 20-24. (Photo: diamondworld.net)

Bangkok (NNT/VNA) – The Thai Ministry of Commerce is organising the 63rd Bangkok Gems & Jewelry Fair as a trading platform that brings together businesses involved in the gem and jewelry industry from around the world to expand their operations in procuring raw materials, trading and building networks.

The fair will underscore the attention to detail by Thai craftsmen and the quality of Thai products in order to push Thailand to be a global jewelry hub. Over 800 businesses are registered to set up over 1,800 booths showcasing a variety of products.

In addition, the fair has also selected 123 SMEs from 21 provinces nationwide to showcase their expertise that has been passed on through generations and handmade skills that even modern machinery cannot replace.

The event will be held at IMPACT, Muang Thong Thani from February 20-22 for businesses and February 23-24 for the general public. It is expected to draw around 20,000 people, resulting in cash flow of no less than 2.4 billion THB, up from 2 billion THB recorded last year.

Director-General of the Department of International Trade Promotion Banjongjitt Angsusingh expects the industry to employ over 1.2 million people, with revenue in 2018 reaching 38.3 billion THB or 4.74 percent of total exports. Furthermore, the industry has been able to expand amidst global uncertainties, being the country’s 3rd largest export after electronics and automotive parts.-NNT/VNA