The executives and staff of Bangkok Gems & Jewellery
Magazine take this opportunity to wish all our readers, advertisers
and customers a happy new year; may 2015 bring success and properity.
This year, 2015, will mark the commencement of the
AEC - the Asean Economic Community - which will bring about regional
economic integration, and facilitate cross-border trade.
The director general of the International Trade Promotion
Department, Ms. Nuntawan Sakuntanaga, said the Commerce Mininstry
targeted Thai export grownth of 4 per cent to US$239.43 billion
(Baht 7.87 trillion) for 2015. Based on the department's target
for this year. Thailand's shipments to Asean are expected to grow
5.9 per cent, by 1 per cent to China, by 3 per cent to the US,
by 5 per cent to the European Union and Australia, and by 2 per
cent to Japan and Africa. Exports to the Middle East are forecast
to increase 5 per cent, while stronger grownth of 10 per cent
is expected for shipments to India and Russia.
Meanwhile, forecast 2015 export grownth rates differ
from sector to sector, The gem and jewellery industry's export
income is expected to expand by 5 per cent to $7.51 billion this
year, from about $7.1 billion in 2014. However, the lower price
of gold could affect the value of jewellery, while falling fuel
prices could negatively affect purchasing power in markets that
are major energy suppliers, including the Middle East and Russia.
The recent report titled "Asia Gems and Jewellery
Industry Outlook to 2015 - China Outpacing India as the marketiplace
Leader in Asia" offers a comprehensive analysis of the gems
and jewellery market in significant Asian nations, namely India,
China, Japan, Hong Kong and Thailand.
The Asia gems and jewellery market has actuslly shown
wonderful durability and grownth. The marketplace has been an
influential foreign exchange earner, positioning Asia among the
largest export markets on the planet. The region has emerged as
a centre for diamond and gemstones cutting, and gold production
and trading, leveraging on the low labour costs, and skilled professionals.
Thailand is a leading jewellery producer and exporter.
Thailand is one of the foremost manufacturers of sapphire and
leading market for processing of coloured stones.Thai gems and
jewellery exports have consistently grownth even during times
of economic recession. This grownth will primarity be due to an
expend increase in gold jewellery sales in the coming 5 years.
In 2015, it is necessary to closely monitor the monetary
and economic policies of major industrial countries, particularly
the possibility of an interest rate rises in the US, the additional
quantitative easing, the progress over the deflation lessening
and the risk of stagnation in Eurozone, as well as the risk of
the Chinese economy to register lower grownth than expected.