The twice-yearly Bangkok Gems & Jewelry Fair (BGJF) has been a showcase for innovative Thai silver jewellery creations and a conduit for exports to key markets, such as the United States, Hong Kong, Germany and the Middle East.
Prida Tiasuwan, Chairman, Pranda Group and Director of CIBJO, a leading Thai jewellery manufacturer, and Kittisak Udomdangaram, President of the Thai Silver Exporters’ Association (TSEA), said in two separate Instagram Lives on @bkkgemsofficial that the high gold price would heighten export opportunities for more affordable Thai silver jewellery.
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Fixing uniform price for gold will be anti-competition
With appetite for the yellow metal substantially reduced because of unemployment, loss of income and financial distress, there is a sharp contraction in physical demand for gold jewellery. As a result of weak demand, even monthly gold imports into the country has dwindled to low numbers in the last six months.
Jewellery Buyers Need Not Fear Price Fall In Future
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