Thai officials said consumer appetite for jewellery and accessories, which had been dampened by the COVID-19 pandemic, had begun to increase. Thailand’s pre-COVID imports of gem and jewellery from India stood at $300 million while exports were about $600-700 million. One of Thailand’s main export markets is still India, with an export value of $143.97 million from January-March 2021, DITP data showed. Apart from silver jewellery and accessories, India is the third-largest buyer of Thai-colored gemstones due to their ‘fine craftsmanship, competitive price and excellent quality’, according to Thai Silver Exporters’ Association. In the recent years, Thai silver jewellery had gained popularity as it was more affordable compared to other metals such as gold and platinum, they said.

Source: The Hindu June 04, 2021 16:27 UTC