Thailand’s gem and jewellery exports are expected to fare better than expected this year despite increasing challenges, including the slowing economies of key trading partners, uncertain economic prospects, persistently high inflation caused by the energy crisis and the Russia-Ukraine war. According to Sumeth Prasongphongchai, director of the Gem and Jewelry Institute of Thailand (GIT), the industry is more active this year, driven by accelerated demand and investment expansion of gemstone and diamond mines to refill stocks which significantly declined during the Covid-19 pandemic over the pas…

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