I just saw this in the JCK Online edition. The new government looks like it still thinks that jewelry is an important export and business of Thailand. The Deputy Minister of Commerce, Viroon Tejapaibol, was quoted as saying the following.
"The contribution of the gems and jewelry to the Thai economy is significant. Gems and Jewelry exports last year exceeded $5.3 billion, up 46.72 percent from the previous year, ranking fifth on Thailand's export lists."
The industry does need all the government help it can give as we are heading into an uncertain economic period. Today on the BBC news I saw how diamond cutting was now undertaken in Botswana which although good for Botswana is probably bad news for India. The present exchange rates do not favor us while the dollar weakens, so government tax breaks make sense.
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