By Nyein Nyein
The third Yangon International Gems and Jewellery Fair 2020 will take place from 10 to 13 January at the Lotte Hotel.
The jewellery fair is being organized by the Gems and Jewellery Entrepreneurs Association of Yangon, with the support of the Myanma Gems Enterprise and the Ministry of Natural Resources and Environmental Conservation.
According to the organizers, the fair is aimed at improving Myanmar’s gems and jewellery market, boosting gems and jewellery production, attaining good prices in the global market, bringing together all the stakeholders in the supply chain, producing value-added gems and jewellery rather than focusing on rough stones sales, creating job opportunities, organizing seminars and business matching, disseminating gems and jewellery research news, and advertising the latest designs and high value gems to interested buyers through social media platforms.
The Gems and Jewellery Entrepreneurs Association of Yangon has formed 11 committees to organize the events, including sealed-bid auction committee, design competition implementation committee, lucky draw competition committee, seminar programme implementation committee, fair catalogue distribution committee, and gem quality appraising lab committee.
Sales will be made using the direct payment method after prices are negotiated through a sealed-bid auction.
According to the Yangon Gems and Jewellery Entrepreneurs Association, the sealed-bid auction will be a highlight at the fair.
According to the organizers, the fair will help create a market for finished jewellery; generate opportunities for heavy, medium, and small enterprises engaged in the gem industry and related businesses; promote Myanmar gems and jewellery to foreign buyers; help eliminate the illegal gems market; and, raise tax revenue.
More than 1,000 gems companies from 45 countries, Myanmar commercial attachés, and gems associations from China, Hong Kong, and China (Taipei) have been invited to the fair. Invites have also been issued to local gems and jewellery traders and interested buyers through social media platforms.
The expo will include 128 stalls with digital banking services such as Visa, Master card, MPU, and JCB cards. To ensure the quality of gems and jewellery, the fair will also feature a gem appraising laboratory with lab experts.
The fair will be open to all gems and jewellery importers, wholesalers, traders, and retail shop owners. Visitors will have to register in advance online on yangongemsjewelryfair.com, the fair’s official Facebook page, or via email.
The event will also feature a lucky draw and a jewellery design contest aimed at encouraging talented designers and recognizing the designs of traditional gem producers. Winners of the contest will be awarded.
(Translated by Ei Myat Mon)
