GIT Information Center
Thailand Gem and Jewelry Import-Export Performance January 2025
In January 2025, Thailand's gem and jewelry exports surged to USD 2,902.13 million, marking an impressive 148.87% increase compared to the same month in the previous year. These exports ranked as the country's first most significant export category, contributing 11.48% to Thailand's total gross exports. However, after deducting the value of unwrought gold from the total export figure, the true export value of gem and jewelry stood at USD 1,734.26 million, reflecting a notable year-on-year increase of 148.82%.
GIT Information Center
Thailand Gem and Jewelry Import-Export Performance January - December 2024
Thailand’s gem and jewelry export value from January to December 2024 amounted to USD 18,367.12 million, 25.49% increase compared to the same period of last year. The products ranked as the country’s third most important exports with 6.11% share of Thailand’s total gross exports. Nevertheless, when deducting unwrought gold from the total export value, the actual export value of gem and jewelry was USD 9,609.10 million, 10.99% rise year-on-year.
GIT Information Center
Thailand Gem and Jewelry Import-Export Performance January - November 2024
Thailand’s gem and jewelry export value from January to November 2024 amounted to USD 16,924.49 million, a 23.86% increase compared to the same period of last year. The products ranked as the country’s third most important exports with a 6.14% share of Thailand’s total gross exports. Nevertheless, when deducting unwrought gold from the total export value, the actual export value of gem and jewelry was USD 8,611.89 million, a 6.30% rise year-on-year.
GIT Information Center
Thailand Gem and Jewelry Import-Export Performance January - October 2024
Thailand’s gem and jewelry export value from January to October 2024 amounted to USD 15,415.07 million, 21.32% increase compared to the same period of last year. The products ranked as the country’s third most important exports with 6.16% share of Thailand’s total gross exports. Nevertheless, when deducting unwrought gold from the total export value, the actual export value of gem and jewelry was USD 7,788.55 million, 5.35% rise year-on-year.
GIT Information Center
Generative AI: The Power of Creativity in Gem and Jewelry
In the past, when talking about AI, we often thought of robots and technology in sci-fi movies that imagined the future world. However, today, advancements in technology have made these things a reality. AI has been applied in many industries, including the gem and jewelry industry, helping to reduce time, cut costs, and continuously generate new ideas.
GIT Information Center
Thailand Gem and Jewelry Import-Export Performance January - September 2024
Thailand’s gem and jewelry export value from January to September 2024 amounted to USD 12,448 million, a 11.85% increase compared to the same period of last year. The products ranked as the country’s third most important exports with a 5.58% share of Thailand’s total gross exports. Nevertheless, when deducting unwrought gold from the total export value, the actual export value of gem and jewelry was USD 7,053.53 million, a 9.83% rise year-on-year.
Watch Out! April 2, 2025 – U.S. Announces Import Tariff Hike, Shaking Up Thailand’s Gem and Jewelry Exports
The world is closely watching April 2, 2025, a day U.S. President Donald Trump has dubbed "Liberation Day." On this day, Trump is set to impose retaliatory tariffs on countries with trade surpluses against the U.S., with Thailand being one of the 10 affected nations. It is expected that the U.S. will raise import tariffs on nearly all goods, including gemstones and jewelry. How will Thailand’s gemstone and jewelry industry be impacted? Read more here.
High gold prices dent India jewellery demand - WGC
Record-high prices of gold are weighing down on gold jewellery demand in India, with consumers limiting their purchases to occasion-based jewellery pieces, revealed the World Gold Council (WGC).
Continued slowdown in HK jewellery exports
Hong Kong’s jewellery exports stayed in negative territory in February, demonstrating a persistent weakness in the jewellery industry.
US reportedly softening on enforcing Russian sanctions
Recent reports have raised uncertainty about the future role of the US in economic sanctions targeting the Russian diamond industry.
India Diamond Trade Gears Up for Possible US Tariffs
The Indian diamond sector is preparing for potential hikes in US duties from next week, with efforts underway to thwart the plans amid concerns about their impact.
Mergers and acquisitions in luxury industry expected to ramp up
An intriguing new report has highlighted a long-running trend of consolidation among major luxury brands, with analysts forecasting more deals in the not-so-distant future.
New diamond sales tool for US retailers
Jewelers of America has introduced a sales tool designed to educate store staff and help them confidently present natural and lab-grown diamond facts to customers.
Zambia's Emerald Export Tax Hike: Impact on Industry and Investment?
Zambia's recent implementation of a 15% export tax on emeralds raises concerns about the gem industry's competitiveness and investment climate. The tax increase, affecting the world's largest emerald mine, could reshape the global market as producers face combined tax rates significantly higher than rival nations Brazil and Colombia.
Update on the jewelry market trends in Saudi Arabia
The jewelry market in Saudi Arabia is one of the fastest-growing markets in the Middle East region, driven by high demand from affluent customers and a strong focus on jewelry that reflects luxury and social status.
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