Thailand is now determined to cater the Middle East as one of its prominent export regions, noting the region’s potential in high jewel consumption, strong purchasing power and booming economies. TGJTA, which represents Thailand’s jewel industry, made a strong statement of its products at the recently held MidEast Watch and Jewellery Show, and is working with Dubai Multi Commodity Centre (DMCC) on some partnership possibilities. What TGJTA is looking for is the possibility of Thai operators to set up offices in Dubai and establish sales outlets in DMCC's Gems Club, during this year.
Thailand is known for its gemstones, and is expected to be well received in Dubai, with Dubai being an economic centre in the Gulf, and its liberal trade and investment systems, noted Vichai Assarasakorn, president of Thai Gem and Jewelry Traders Association (TGJTA). "We are moving systematically into the Middle East, initially through Dubai in the United Arab Emirates," Mr Vichai said. DMCC has agreed to support this initiative, and will dispatch experts to disseminate information and data about the jewel market in the Middle East to Thai industry members at the 42nd Bangkok Gems & Jewelry Fair (BGJF) slated between 11 -15 September 2008. The BGJF is a platform for buyers and sellers to interact, conduct business and share knowledge, latest technologies, products, solutions, design trends, market opportunities existing in today’s jewel world. This year the BGJF will host 1,500 exhibition booths with an expected crowd of 30,000 attendees from around 80 countries.