GIT Information Center
"Do or Die - Go Digital or Die - Thai Jewelry Business to China Market": CBEC (China Cross Border E-Commerce) Policy: Factor that kills or grow the Thai Jewelry Businesses.
In the rapidly evolving landscape of international trade, Thai jewelry businesses face a stark reality: go digital or risk obsolescence. The Chinese market, with its vast potential and tech-savvy consumers, presents both an immense opportunity and a formidable challenge for Thai jewelers.
GIT Information Center
Thailand Gem and Jewelry Import-Export Performance January - June 2024
Thailand’s gem and jewelry export value from January to June 2024 amounted to USD 7,573.12 million, a 2.86% Increase compared to the same period of last year. The products ranked as the country’s third most important exports with a 5.21% 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 4,555.97 million, a 8.48% rise year-on-year.
GIT Information Center
Thailand Gem and Jewelry Import-Export Performance January - May 2024
Thailand’s gem and jewelry export value of January- May 2024 went down by 1.70 percent from the value of USD 6,433.63 million last year to USD 6,324.15 million. The products were listed as Thailand’s third most important exports with a 5.25 percent share of the country’s gross exports. However, without the export value of unwrought gold, the actual export value of gem and jewelry products was USD 3,851.79 million, a 11.24 percent rise from the same period of last year.
GIT Information Center
Thailand Gem and Jewelry Import-Export Performance January - April 2024
Thailand’s gem and jewelry export value of January-April 2024 fell by 8.83 percent from the value of USD 5,392.07 million last year to USD 4,915.74 million. However, without the export value of unwrought gold, the actual export value of gem and jewelry products was USD 3,025.71 million, a 13.39 percent rise from the same period of last year. Because of the key export markets has expanded in line with the global manufacturing sector’s growth sign.
GIT Information Center
Thailand Gem and Jewelry Import-Export Performance January - March 2024
Thailand’s gem and jewelry export value from January to March 2024 amounted to USD 4,115.13 million, a 0.28% decrease compared to the same period of last year. The products ranked as the country’s third most important exports with a 5.80% 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 2,513.73 million, a 13.36% rise year-on-year.
GIT Information Center
Unveiling the Dynamics from China to India: Significance in the Global Gem and Jewelry Market
In 2024, the global economy continues to navigate a myriad of ongoing changes that have extended from the previous year. Various factors are poised to significantly impact diverse industries, including the gem and jewelry sector. Notably, the pivotal roles played by China and India serve as crucial variables influencing both demand and supply, thereby shaping the trajectory of the market.
IGI Brings Grading Services to Diamond Growers’ Factories: Filing
Some big Indian lab-grown diamond companies no longer need to send their stones to an International Gemological Institute (IGI) office for grading.
Buying behaviour, travel weaken HK retail sales
A change in consumption patterns combined with a strong Hong Kong dollar and increased travel are weighing on jewellery sales in Hong Kong.
4,000 years later: Ancient jewellery unveiled in Scotland
Jewellery worn by a Scottish woman has been shown for the first time in 4,000 years.
Hong Kong Luxury Sales Decline as Consumer Spending Shifts
Hong Kong’s retail sales dropped in July as consumers traveled abroad for their summer vacations.
Rare rubies at Phillips’ October auction
Highly coveted Burmese rubies alongside refined sapphires and emeralds will headline Phillips’ Hong Kong Jewels Auction scheduled for October 3.
Gold tariff cuts fuel demand in India, says WGC
India’s decision to slash import duties on gold is bearing fruit as local prices have since dropped while gold jewellery demand is improving, a World Gold Council (WGC) research paper showed.
Gold Futures Cross $2,500 Mark for First Time Ever
The price of gold futures passed the psychologically important $2,500 mark for the first time on Friday, setting yet another record for the yellow metal
Zambian emerald auction rakes in US$32.5M
Grizzly Mining Ltd reported robust demand for Zambian emeralds at its latest auction in Dubai, which generated overall revenues of US$32.5 million.
Asian Star’s Full-Year Revenue Falters
Revenue at Mumbai-based diamond and jewelry manufacturer Asian Star fell 21% in the past fiscal year.
Have you read news today?
Videos
Go to youtube channelFree Publications
Read more
140 ITF Tower Building, 4th Floor,<br> Silom Road, Suriyawong, Bangrak, <br>Bangkok10500, Thailand
Phone: (662) 634-4999 ext 444
Fax: (662) 634-4970
