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.
US tariffs ignite global jewellery industry panic
The US Government has installed sweeping tariffs on imports which has sent shockwaves through global markets and sent the international jewellery trade scrambling.
US retail sales to hit $5.42T amid instability – NRF
US retail sales are poised to grow between 2.7 per cent and 3.7 per cent to between US$5.42 trillion and US$5.48 trillion in 2025 amid uncertainties, the National Retail Federation (NRF) said.
It’s War! U.S. Slaps Tariffs on Nearly All Imports
On April 2, President Trump signed an executive order imposing a 10% tariff on imports from around 60 countries as well as a 26% “reciprocal tariff” on India, a major jewelry manufacturer. The order also hikes China’s levy to 54%.
The anticipated implications of President Donald Trump's proposed imposition of import tariffs on global trading partners warrant careful consideration.
On April 2, 2025, President Donald Trump announced an increase in import tariffs on countries with a trade surplus with the United States. ow will the U.S.'s significantly higher import duties impact Thailand? Read more in this article.
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.
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.
Scam Jam: Fraud, Fakes and Other Industry Misdemeanors of 2024
This year saw an increasing number of industry activities that were sometimes illegal, and many times morally dubious.
Growth of the Diamond Jewelry Market in India
The demand for diamond jewelry in India has grown consistently in recent years, paralleling the country's economic growth. This has resulted in an increase in middle-class income, leading to greater spending on luxury items like diamond jewelry. Consequently, India currently boasts the fastest-growing diamond jewelry market in the world.
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