MARKET INTELLIGENCE 市场情报 64 | JNA July/August 2024 Jewellery & Gem ASEAN Bangkok (JGAB) 2024 attested to the growing importance of Southeast Asia as both an accomplished manufacturing centre and a viable consumer base. ASEAN refers to the Association of Southeast Asian Nations. According to fair organiser Informa Markets Thailand, the show welcomed over 10,730 participants over its four-day run at the Queen Sirikit National Convention Center (QSNCC) from May 1 to 4. This represented a 46 per cent increase over its maiden edition last year. The leading visitor markets were China, India, Myanmar, the Philippines, Sri Lanka, Vietnam, Singapore, Japan and Malaysia. Sanchai Noombunnam, general manager of Informa Markets Thailand, said JGAB 2024 exceeded visitor targets and gathered 350 exhibiting companies from 12 countries around the world. These included China, Cambodia, India, Israel, Italy, Japan, Myanmar, Singapore, Sri Lanka, Türkiye and Thailand. “JGAB 2024 underscores global buyers’ confidence in the jewellery and gemstone market of the Southeast Asian region, which is experiencing rapid growth comparable to global markets. It also highlights the potential of entrepreneurs, manufacturers and new designers who play a crucial role in continuously elevating market standards,” he said. Southeast Asia The show showcased the manifold opportunities and synergies in the Southeast Asian gem and jewellery sector. In a session organised by the ASEAN Gems and Jewellery Trade Association (AGJA) on the sidelines of JGAB, Ermin Siow, vice chairman of AGJA and advisor of the Federation of Goldsmiths and Jewellers Associations of Malaysia, said the region was home to three of the world’s largest gold consumer markets, namely Vietnam, Indonesia and Thailand. In terms of gold jewellery consumption, Indonesia led the region in 2023 with 25.1 million tonnes, followed by Vietnam at 15.1 Mt and Malaysia at 11.3 Mt. AGJA Chairman Suttipong Damrongsakul told JNA that the Southeast Asian countries complemented each other in the gem and jewellery space as both a manufacturing hub and a consumer market. “With a population of more than 600 million, ASEAN can be the world’s next new market. We are double the size of the US and cover the gem and jewellery supply chain: Indonesia with gold, Myanmar with pearls, Thailand and Myanmar with coloured gemstones. We each have our own manufacturing strengths – Malaysia is a top | Olivia Quiniquini 程爱莉 | The second Jewellery & Gem ASEAN Bangkok (JGAB) highlighted the strengths of Southeast Asia as a manufacturing and consumption hub, with buyers from the region and beyond fulfilling their sourcing requirements at the show. 第二届曼谷东盟珠宝首饰展览会 (JGAB) 尽显东南亚作为制造和消费中心的优势， 并满足了区内和海外买家的需求。 JGAB 2024 trains the spotlight on Southeast Asia 2024年JGAB展聚焦东南亚市场
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