Exports of gems and jewellery (excluding gold) are expected to grow by 10% this year as demand in the high-end segment remains strong.
The anticipated growth comes despite lower shipments in the first quarter and risk factors related to the global economic slowdown, a possible recession in the US and the EU, geopolitical conflicts, rising energy prices, high inflation in many countries and increasing interest rates.
Sumed Prasongphongchai, director of the Gem and Jewelry Institute of Thailand, said products that retain strong potential include gemstone jewellery, while luxury jewellery remains in high demand.
In the first quarter, Thailand exported US$4.25…
