Gem and jewelry has been among Thailand’s top ten export products for a long time. The product categories in which Thailand has high competitiveness in the global market are polished precious stones and gemset jewelry.
Color Gemstones Industry
Thailand is one of the world’s major centers of colored stone manufacturing and trading, and also the most important market of gem corundums, particularly Ruby and Blue Sapphire – the most famous colored stones around the world. Thailand maintains its reputation with knowledge from local wisdom, high-level skill in gemstone enhancement so called “Heat Treatment” and gemstone cutting, which help adding value to the products. In addition, its large trading markets attract buyers from around the world, making such a huge volume of transactions that can be said most high quality colored stones in the global market have once been circulated in Thailand.
In 2015, colored stone was the fourth most important export product of the gem and jewelry category with the export value of USD 1,041.69 million.
Thailand is one of the world’s largest suppliers of high-quality jewelry. Its reputation as gem and jewelry manufacturer might not be comparable to China and India in global statistics. However, in terms of gemset jewelry manufacturing with outstanding designs and exquisite craftsmanship, as well as excellent after-sales service, Thailand has always been internationally recognized at the forefront.
Jewelry industry was the highest export earner among other finished-goods-producing industries under the gem and jewelry category with a 33.63 percent share.
Source : Gem and Jewelry Information Center
The Gem and Jewelry Institute of Thailand (Public Organization)