TSIC Activity

32111

Manufacture of jewellery and bijouterie of precious stones and metals

ประกอบกิจการผลิต ตัดแต่ง ออกแบบ เครื่องประดับ การซื้อ ขาย นำเข้า ส่งออก ให้บริการแลกเปลี่ยน โอน จำนอง จำนำ เป็นตัวแทนซื้อขาย ซ่อมแซมและปรับปรุงสภาพเครื่องประดับและอัญมณีทุกประเภท รวมถึง เงิน ทอง ทองคำ

What this activity covers

This activity involves the manufacture of finished jewellery from precious and semi-precious stones and metals.

  • Jewellery from pearls — Manufacture of finished jewellery using pearls
  • Jewellery from precious stones — Manufacture of jewellery from diamonds and other precious stones
  • Jewellery from semi-precious stones — Manufacture of jewellery using semi-precious stones
  • Jewellery from precious metals — Manufacture of jewellery from gold, silver, and other precious metals
  • Watch straps and cases — Manufacture of watch straps and tobacco cases from precious metals

What companies here also do

Seen in real company registrations under this code — beyond the official definition, so licensing may differ.

  • Import and export — Trading in gold, silver, diamonds, and gemstones
  • Design services — Providing design services for jewellery
  • Production contracts — Contract manufacturing of jewellery and related materials

Not included here

  • Manufacture of jewelry made from artificial gemstones, see activity 32120

Foreign ownership

List 2: Restricted, Cabinet routeinherited from 321

Production of goldware, silverware, nielloware, bronzeware or lacquerware

The mapped TSIC group covers jewellery and related articles generally.

FBA B.E. 2542, List 2, Chapter 2 (7)Routes: Cabinet permission, US Treaty of Amity

Auto-mapped, verify against the Act. These TSIC mappings are indicative, not legal advice; the schedules of the Foreign Business Act B.E. 2542 are the authority. See the full foreign ownership reference.

Industry at a glance

as of 23 ก.ค. 69

The whole registered industry under this activity, every registration year, from the DBD DataWarehouse.

1,499
active companies operate here
฿22.2Bregistered capital, combined
฿190.8B
Sector revenue · 2025
+52% since 2023
฿5.2B
Net profit · 2025
559 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
80%of new registered capital is foreign-held
฿176.5M foreign฿43.6M Thai

Foreigners are strongly represented in new investment under this activity.

New in 2026

62+0.0%

registrations, YTD

Registered capital

฿22.2B-0.2%

since year-end

Largest by revenue

Latest filed-year revenue, not a multi-year total

  1. 1SIAM JEWELRY CREATION CO., LTD.฿44.7B
  2. 2Pandora Production Co., Ltd.฿35.6B
  3. 3AMARYLLIS JEWELRY CO., LTD.฿15.6B
  4. 4Intrithong Gold Bar Trading Co., Ltd.฿5.4B
  5. 5Artinian Co., Ltd.฿3.3B

Largest by registered capital

  1. 1Pandora Production Co., Ltd.Bangkok฿3.2B
  2. 2Lindell Engineering Co., Ltd.Bangkok฿1.0B
  3. 3Shining Gold Co., Ltd.Pathum Thani฿620.0M

Source: Department of Business Development DataWarehouse. Financial figures are combined totals of companies that filed statements; revenue and profit shown for the latest three reporting years.

Companies registered since 2022

Browse all

New DBD registrations under this activity since 2022, the period the registry snapshot covers, not the full historical register.

416
Registered
since 2022
388
Still active
28
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 110 in 20232026

Source: Department of Business Development (DBD) new-registration records, 2022 to present. Counts cover companies first registered in that window, reflect the latest snapshot load, and may lag the live register.

Emerhub

Restricted activity? There is usually a route.

Emerhub structures foreign-owned companies around FBA restrictions: Foreign Business Licence applications, BOI promotion, and compliant shareholding structures. Talk through your case before you commit to one.

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