Thai gemstone exports face uncertainty amid US tariff hike, risk losing ground to Vietnam and Sri Lanka

- Photo: The Nation/ANN

BANGKOK: The United States is one of the largest markets for gemstones and jewellery globally and a key export destination for Thailand and many other countries.

However, following the US President’s announcement to increase import tariffs on gemstones and jewellery from all countries by 10%—effective from April 9 to July 9, 2025—exporters are closely monitoring the situation.