Thailand’s gem and jewellery exports excluding gold are expected to grow by 15%-20% this year, driven by the global economic recovery and increasing economic activities as well as less severe symptoms caused by the Omicron variant.
Sumeth Prasongphongchai, director of the Gem and Jewelry Institute of Thailand (GIT), said many Thai trading partners adjusted their safety policies to allow more open trading conditions.
“In addition to more vaccination coverage worldwide, the Omicron variant appears to generate less severe symptoms. This results in increased economic activities and rising demand for gems and jewellery products,” said Mr Sumeth.
This year the GIT forecast growth of…
