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Thai Gem, Jewellery Exports May Reach 100 Billion Baht Target.
Byline: Nareerat Wiriyapong
Jul. 6--Thai exports of gems and jewellery grew in the first five months of the year, and are on course to reach the targeted amount of 100 billion baht for the year despite increased competition from Asian rivals and the negative effects from the Sars outbreak.
The value of exports surged by 25 percent year-on-year in dollar terms to exceed US$1 billion (about 42 billion baht) as of the end of May, according to the Thai Gem and Jewellery Traders Association.
Sunee Sriorathaikul, the association's outgoing president, said gem and jewellery exports rose by a "satisfactory level" in the first five months with increased orders made electronically helping to make up for the drop of foreign buyers coming to Thailand.
Gem and jewellery exports account for 3.3 percent of the total value of Thai exports, ranking sixth among top export earners.
"We're still on track to achieve 12-15 percent growth for the first half of the year and surpass the target of 100 billion baht for the entire year," said Mrs Sunee.
In 2002, gem and jewellery exports rose 18 percent and are expected to grow in the same range this year, with a goal of 200 billion baht by 2007.
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