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Thailand’s gemstone and jewellery sector ended 2019 on a high note, having concluded the year with successful events such as the ICA Congress and the first International Chanthaburi Festival. JNA asks industry experts about trends and developments that could influence the sector in 2020.
Loose emeralds from Bonas
International Chanthaburi Festival jewellery fashion show
Buyers at the Chanthaburi Festival
Gemstones on display at the Chanthaburi Festival
Coloured gemstones and finished jewellery are among Thailand's top-performing export products, accounting for a 6.99 per cent share in the country's gross exports in 2019.
Data from the Gem and Jewellery Institute of Thailand (GIT) showed that overall gem and jewellery exports (excluding gold) rose 6.68 per cent in the first nine months of 2019 from 2018.
Shipments to major markets such as Hong Kong and the US however fell by 3.93 per cent and 7.98 per cent, respectively, due to global economic and political challenges such as the US-China trade war and the social unrest in Hong Kong.
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