Investors’ need for safe-haven assets boosts gem, jewellery export #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

Investors’ need for safe-haven assets boosts gem, jewellery export

EconOct 12. 2020

Sumed Prasongpongchai, deputy director of the Gem and Jewellery Institute of Thailand

Sumed Prasongpongchai, deputy director of the Gem and Jewellery Institute of Thailand

By The Nation

Thailand’s export of gems and jewellery in the first eight months of this year rose 32.77 per cent year on year to US$15.206 billion, said Sumed Prasongpongchai, deputy director of the Gem and Jewellery Institute of Thailand.

However, if gold is excluded, then export during the period dropped 43.99 per cent to US$2.94 billion as consumers have been cautious in spending due to the Covid-19 outbreak.

Gold export in the period skyrocketed 97.52 per cent to $12.27 billion, accounting for 80 per cent of the total gems and jewellery export.

Global demand for gold has surged during this period as people are opting for safe-haven assets during the economic crisis.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s