Gems and jewellery exports gain from weakening baht

Thailand’s export of gems and jewellery in May was US$757.48 million (27.63 billion baht), up 69.70 per cent year on year, he explained. However, he said the export value, including gold, in May was $1.01 billion (36.86 billion baht), down 7.03 per cent year on year.

He said the export of gems and jewellery between January and May this year was $3.28 billion (119.74 billion baht), up 46.90 per cent year on year. The export value including gold in the first five months was $7.58 billion (276.72 billion baht), up 113.96 per cent year on year, he added.

Sumed explained that many of Thailand’s major gems and jewellery export markets have expanded, including the US (53.53 per cent), India (158.21 per cent), Hong Kong (7.6 per cent), Germany (16.61 per cent), United Kingdom (73.52 per cent), Switzerland (123.88 per cent), United Arab Emirates (17.95 per cent), Belgium (35.86 per cent),…