According to Sumed Prasongpongchai, director of the National Gem and Jewelry Research and Development Institute (GIT), a public organisation under the Commerce Ministry, globally, jewellery export markets have shown both increases and decreases, with Hong Kong up by 143.29%, Japan by 5.40%, Italy by 49.16%, the United Arab Emirates by 44.58%, and Singapore by 91.36%. The US market fell by 6.70%, Germany by 17.06%, the UK by 18.82%, and Switzerland by 7.67%, with India experiencing the largest decrease of 68.79%.
Broken down by segments, gold jewellery exports increased by 33.95%, platinum jewelry by 34.48%, gemstones by 25.86%, cut/polished hard gemstones by 80.83%, cut/polished soft gemstones by 140.45%, and raw diamonds by 39.26%. However, silver accessories decreased by 18.65%, cut/polished diamonds by 35.49% and costume jewellery by 14.93%.
Sumed added that the export trend is…
