23-10-2018
The Gem and Jewelry Institute of Thailand (GIT) expects Thailand’s export of jewellery and gemstones will grow in Q4 amid a global economy bounce back and the approaching festivals. Duangkamol Jiambutr, director of GIT indicated that buyers are stocking up for the huge luxury good demands in Christmas and New Year. Duangkamol added Thai jewelers should focus more on the trending e-commerce market.
Among six key export jewellery products, gold jewellery received the most impressive growth with a 10 percent up in the first eight months this year. The export value of polished diamond and semi-precious stone rose more than five percent. Top five export markets during the period included Hong Kong, European Union, United States, Middle East Countries and India accordingly. The exports to Hong Kong dipped 1 percent due to lower exports of gold jewellery and polished precious stone, which fell 4 percent and 1 percent respectively, yet Hong Kong kept herself as the largest exporter, accounting 25 percent of the exports. Thanks to the high demand for gold jewellery, export to European Union countries, the second biggest export market, increased 11 percent.
← Back