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Thailand Gem and Jewelry Import-Export Performance January-November 2022
Thailand’s gem and jewelry export value from January to November 2022 climbed 57.24 percent from the value of USD 9,215.12 million in the same period of the previous year to USD 14,489.54 million. Export value of Thai gem and jewelry products escalated following growths in export to key markets around the world.
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Technology Expedites Gem and Jewelry Business Capacity Enhancement
AR technology allows customers to experience trying on jewelry pieces in real-time as if they are at a jewelry store. Shoppers can explore or try on products and also decide on buying a product more conveniently. Such service will help promote online jewelry sales.
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Expand Opportunities in Global Market with Gem and Jewelry Trading Platforms
E-commerce has been booming all over the world throughout the pandemic. Lockdowns and store closures have caused a rapid growth in online shopping. Online Gem and jewelry trading platforms, which have broadened distribution channels to consumers around the world, are the following 5 platform.
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Metaverse: Opportunity or Risk for Gem and Jewelry Industry?
Metaverse is the technology designed to connect the real and the virtual worlds. Each virtual world offers an opportunity for businesses or brands to advertise, organize events, launch campaigns, as well as design and sell non-fungible token (NFT) products. It offers new options for gaining revenue, raising brand awareness as well as establishing close relationships with customers.
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Sammuang Kaewwaen: Chanthaburi’s Inventor of Gemstone Heat Treatment
In the present, Gemstones an important export product of Thailand and establishing its status as the world’s major gem and jewelry center. The name Chanthaburi is well known in the colored gemstone industry, if it is not because Sammuang Kaewwaen invented the heat treatment, Chanthaburi might not be one of the world’s most important gemstone trading centers as it is today. Can read his legacy in this article
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NFT: From the World of Art to Gem and Jewelry
With the economic fluctuation during the past two years, the investment trend is heading towards an increasing variety of alternative assets. Now the new trending digital asset called NFT is gaining interest from people around the world. Selling NFTs is one of the options chosen by professional and amateur artists as the main channel to approach their targets, where their works can be displayed and sold directly without the help of physical exhibiting venues. Thus, the NFT platform has become a practical solution during the covid-19 pandemic, resulting in its rapid growth.
Covid-19 Resurgence Hits Hong Kong Jewelers
Retail sales at Hong Kong-based jewelers Chow Tai Fook and Luk Fook fell in the third fiscal quarter amid a coronavirus wave in China and a rise in gold prices.
Sri Lankan authorities restrict import of gold jewellery
Authorities in Sri Lanka have limited the import of gold jewellery to 22 carats per person in a bid to curb illegal gold smuggling operations.
How A Post-Pandemic Return To Travel & Entertainment Is Impacting Consumer Diamond Demand
The re-availability of experiential consumer options such as travel and entertainment could be drawing some discretionary spending away from the jewellery category.
What You Should Know About the Company Mining in Yogo Again
Yogo Mine in Montana, which produces the popular Yogo sapphires, was dormant for nearly four decades. The first two seasons Yogold operated the Yogo Mine—in 2020 and 2021—the company was doing only surface mining with the intent of eventually moving underground.
Sales to Jump at India’s Large Gold Retailers
India’s organized gold-jewelry sector will grow by up to a quarter this fiscal year as demand increases and regulations make the larger players more competitive. Wedding and festive sales will boost major retailers’ top lines, as will greater disposable incomes and higher gold prices.
India Seeks 0% Import Duty on Lab-Grown Seeds
India’s jewelry industry is asking the government to abolish import duty on seeds for growing synthetic diamonds, claiming the move would boost the country’s manufacturing sector. Most importers currently pay 5% tax on those materials, compared with 0% for natural or lab-grown rough.
The Smart Lab: These Will Be the Big Digital Marketing Trends in 2023
Live chat, influencers and video are just a few of the elements that need to be part of your digital marketing plan. The marketing rules have fundamentally changed and to continue to be successful, you need to adapt and grow.
HK, China jewellery sales dip in Nov
Retail sales in Hong Kong and China were down in November 2022, following steady performances in the previous months. Sales of jewellery, watches and clocks, and valuable gifts in Hong Kong dipped 8.3 per cent to HK$2.91 billion during the month in review.
Solid demand bolsters 2022 auction sales
A strong 2022 turnout at major auction houses Christie’s and Sotheby’s is pointing to continued growth in the auction sector, bolstered by the art and luxury categories.
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