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Thai Gem and Jewelry Industry

Trade Analysis

Gem and Jewelry Articles

เรื่องเด่น

Gold Trading and Consumption in CLMV

Gold is a popular saving option among people of every income level, especially during a time of economic and political uncertainty. Inflation is also one of many factors prompting gold saving. At present, the global average inflation rate is at 10.95%. With an inflation rate of 741%, Venezuela remains the country with the highest inflation rate in the world. Among all ASEAN countries, Myanmar is the country with the highest inflation rate of 9.94%. Such unstable situations pose possible risks of cash devaluation. Today’s cash of 100 baht may worth 95 baht on the next day. Possessing gold, gold articles or gold ingots, is one of many choices in maintaining wealth level, which is able to reach people of every income level. The choice also holds low risk of value loss. However, not every country allows liberal gold import and export as gold can effect currency value fluctuation. Therefore, CLMV countries such as Vietnam and Myanmar have to restrict import of gold to be done exclusively by governmental agencies.

Thailand Gem and Jewelry Export Performance (Jan-Jun, 2017)

Thailand’s gem and jewelry export value from January to June 2017 shrank by 22.99 percent to USD 6,294.53 million. The export value earned in the first half of 2016 was USD 8,173.91 million. Gem and jewelry was the third most significant export product with a 5.54 percent share of Thailand’s gross export. The continued drop in the export value was due to a 40.91 percent decline in unwrought gold export value, which accounted for an approximate 43 percent share. Excluding unwrought gold, the actual export value of gem and jewelry was USD 3,602.21 million, a 0.43 percent decline from the same period of the previous year.

Thailand Colored Stone Industry Review 2016

In 2016, Thailand’s export of colored stone was the fourth largest export product under the gem and jewelry category. With the export value of USD 1,066.77 million, its export accounted for a 7.49 percent share of the gross export value. Despite a 2.41 percent growth from the previous year, the growth rate was lower than that of years before due to the vulnerable recovery of the global economy.

ข่าวธุรกิจอัญมณีและเครื่องประดับ

Gold loses its shine in India amid crackdown

Rising gold prices and government measures to enforce compliance in the Indian jewelry industry are deadening demand in the world’s second-largest bullion market at the start of the traditional festival season when buying usually explodes.

Govt 'close to agreement' to reopen gold mine

Negotiations to end the conflict between the Thai government and Australian gold mining conglomerate Akara Resources are progressing well, with the possibility that the company's closed mine in Phichit will reopen.

All a-glitter gold, diamonds, sapphires and rubies are all set to mesmerise visitors to next week's bangkok gems and jewelry fair

The 60th edition of the Bangkok Gems and Jewelry Fair gets underway next week with this year's highlight certain to be the showcase of jewelry designed by Her Royal Highness Princess Sirivannavari Nariratana.