International News
Future of natural diamonds challenging; holds promise of transformation: BCG report
A new report by the Boston Consulting Group (BCG), commissioned by De Beers Group, unveils the critical factors that will shape the future of the natural diamond market
A new report by the Boston Consulting Group (BCG), commissioned by De Beers Group, unveils the critical factors that will shape the future of the natural diamond market.In an era marked by rapid changes and emerging challenges, the natural diamond industry stands at a pivotal juncture. A recent report by the Boston Consulting Group (BCG), commissioned by De Beers Group, sheds light on the critical factors shaping the future of the natural diamond sector. With primary diamond supply projected to decline and demand dynamics evolving, the industry is poised for a significant transformation, it notes.
The cornerstone of the natural diamond industry’s future is the anticipated decline in primary supply. The report highlights that the primary production of natural diamonds is expected to decrease by approximately 1% CAGR over the next decade. This decline is driven by the diminishing yields from ageing mines, a scarcity of new discoveries, and constrained exploration budgets over the past ten years. While there is potential for some increase through brownfield expansions, the overall outlook suggests a tightening of supply.
International News
73rd Bangkok Gems and Jewelry Fair sets new record with 4.75 Billion Baht in trade value
Over 40,000 visitors from 118 countries propel the fair to its highest trade value since inception.
The Department of International Trade Promotion (DITP), in collaboration with the Gem and Jewelry Institute of Thailand (GIT), announced the successful conclusion of the 73rd Bangkok Gems and Jewelry Fair, held from February 22–26, 2026, at the Queen Sirikit National Convention Center (QSNCC). The event generated total trade value exceeding 4.75 billion baht, the highest since the fair’s inception.
The fair welcomed 40,721 visitors from 118 countries, with international visitors accounting for 61% of total attendance, reaffirming Thailand’s role as a global hub for the gem and jewelry trade. The top five visiting nations included India, Myanmar, China, Japan, and Sri Lanka, whose buyers drove high demand across key categories such as colored stones, silver jewelry, fine jewelry, diamonds, and industry machinery and equipment.
“The success of the 73rd Bangkok Gems & Jewelry Fair reflects the confidence of buyers and industry players worldwide in Thailand’s potential,” said Sunanta Kangvalkulkij, Director-General of DITP. “This event not only set a new record with over 4.75 billion baht in trade value, but it also reinforced Thailand’s vital role as a key global hub for gems and jewelry, even amidst the current challenges of the international economic landscape.”
To accommodate the industry’s growing interest, the 73rd edition expanded its exhibition space to over 53,000 square meters, covering Halls 1–8 and Plenary Halls 1–2. The fair hosted 1,222 companies from 19 countries across 2,794 booths.
The fair was also honored by the presence of Her Royal Highness Princess Sirivannavari Nariratana Rajakanya, who presided over the opening ceremony and viewed the “TREASURE OF DREAMS” exhibition. The showcase featured a high-jewelry collection designed by Her Royal Highness and crafted by master Thai artisans, reflecting her commitment to preserving and advancing traditional Thai craftsmanship while promoting Thailand’s jewelry industry on the international stage.
The 74th Bangkok Gems and Jewelry Fair is scheduled to take place from
September 8–12, 2026, at the Queen Sirikit National Convention Center (QSNCC).
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73rd Bangkok Gems and Jewelry Fair sets new record with 4.75 Billion Baht in trade value
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73rd Bangkok Gems and Jewelry Fair sets new record with 4.75 Billion Baht in trade value
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International News16 hours ago73rd Bangkok Gems and Jewelry Fair sets new record with 4.75 Billion Baht in trade value
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