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Thailand’s jewellery exports to grow 6% in 2012

Thailand’s jewellery exports to grow 6% in 2012

With the long-term growth prospects from Hong Kong and China offsetting softening demand from traditional markets such as the US and Europe, Thailand’s gemstone and jewellery industry is expected to register a six percent growth in exports this year. the ministry of commerce was cited as saying. The ministry remains positive about Thailand’s jewellery exports in 2012 in spite of a double-digit decline in exports in the first seven months of the year.

In 2011, Thailand’s jewellery exports amounted to more than USD 11.8 bn (approximately) or about five per cent of the country’s overall export value. Exports to Asean markets, however, only amounted to USD 86.3 mn.