Thailand’s gem and jewellery exports projected to grow well in 2022
Thailand's gem and jewellery exports are expected to grow better than expected this year despite increasing challenges, reported the Bangkok Post.
Illustration. (Photo: AFP/VNA)According to Sumeth Prasongphongchai, director of the Gem and Jewelry Institute of Thailand (GIT), the industry is more active this year, driven by accelerated demand and investment expansion of gemstone and diamond mines to refill stocks which significantly declined during the COVID-19 pandemic over the past two years.
The outstanding products for export are silver, gold jewellery, artificial cut diamonds, and hard and soft gemstones.
Sumeth said the exports are expected to outstrip a 20% projection for 2022 made earlier this year.
Last year, the nation’s gem and jewellery export value, excluding gold, rose by 26.9% over the previous year to reach 6.16 billion USD. When including gold, which is volatile, the figure decreased by 44.8% annually to 10 billion USD./.
You should also see
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
See more
ASEAN
UK supports ASEAN’s economic integration
The UK delegation to ASEAN held a seminar in Jakarta, Indonesia on April 24 to discuss the ASEAN-UK economic integration programme.
ASEAN
ASEAN Future Forum 2024 wraps up in Hanoi
The ASEAN Future Forum 2024 (AFF 2024) wrapped up in Hanoi on April 23 after a day of productive discussions.
ASEAN
ASEAN Future Forum 2024 looks to ensure comprehensive security for community
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
ASEAN
ASEAN Future Forum 2024 enters first session
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
ASEAN
Canada, ASEAN consolidate climate change response, economic cooperation
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
