THAILANDSICThailand Standard Industrial Classification

TSIC Activity

32120

Manufacture of imitation jewellery and related articles

ประกอบกิจการ ประดิษฐ์และจำหน่ายของที่ระลึก เครื่องประดับ หรืออื่นๆที่เกี่ยวข้อง

What this activity covers

This activity involves the manufacture of jewellery and related articles made from artificial gems and materials.

  • Imitation jewellery — Jewellery made from artificial gems, such as rings and necklaces
  • Jewellery with metal inserts — Jewellery incorporating precious metal with artificial stones
  • Metal watch straps — Manufacture of watch straps not made from precious metal
  • Decorative items — Items made from synthetic materials, including plastic and rubber
  • Synthetic gemstones — Production of jewellery from synthetic gemstones

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 jewellery and related items
  • Jewellery design — Creating designs for imitation jewellery
  • Online retail — Selling jewellery products through online platforms
  • Souvenir production — Manufacturing souvenirs alongside jewellery

Not included here

  • Manufacture of jewellery of precious metal or clad with precious metal; manufacture of jewellery of genuine precious stones; manufacture of watch straps of precious metal, see subclass 3211.

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.

171
active companies operate here
฿1.4Bregistered capital, combined
฿18.3B
Sector revenue · 2025
+112% since 2023
฿202.8M
Net profit · 2025
66 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
41%of new registered capital is foreign-held
฿12.0M foreign฿17.5M Thai

Foreigners are strongly represented in new investment under this activity.

2 of the 5 largest companies here are foreign-owned Thailand subsidiaries.

New in 2026

10+400.0%

registrations, YTD

Registered capital

฿1.4B+4.8%

since year-end

Largest by registered capital

  1. 1Adderans Thai Co., Ltd.Buri Ram฿210.0M
  2. 2Jintai Jithuan (Thailand) Co., Ltd.intlBangkok฿128.0M
  3. 3KGK Jewelry Manufacturing (Thailand) Co., Ltd.Bangkok฿125.0M

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.

44
Registered
since 2022
39
Still active
5
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 14 in 20232026

Largest active companies by registered capital

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.

Talk to Emerhub Thailand