Gem exporters eye 5% growth

Exports of gems and jewellery products are on track to achieve the nation’s growth target of 5% this year, says the Gem and Jewelry Institute of Thailand (GIT).

- PHUSADEE ARUNMAS.

Sumed Prasongpongchai, director-general of GIT, said for the first half of 2025, total exports in this sector jumped by 82.3% year-on-year, totalling US$14 billion. Excluding unwrought gold, exports surged by 62.7% to $7.41 billion.

Key export products included gold jewellery, silver jewellery, and coloured gemstones, with the major markets India, Hong Kong and the US.

Mr Sumed said the 2025 export growth target of 5% remains achievable. In 2024, gems and jewellery exports excluding unwrought gold generated $9.6 billion, representing year-on-year growth of 11.5%.