THAILANDSICThailand Standard Industrial Classification

TSIC Activity

46492

Wholesale of watches, clocks and jewellery

ประกอบกิจการเป็นนายหน้า ตัวแทนจำหน่าย ซื้อมาขายไป หยก อัญมณี เครื่องประดับ ทุกชนิด

What this activity covers

Companies in this sector wholesale watches, clocks, and various types of jewellery, including precious metals and gemstones.

  • Watches and parts — Wholesale of watches and their components
  • Jewellery wholesale — Wholesale of gold jewellery and other items
  • Gemstone trading — Wholesale of gems, including diamonds and synthetic materials
  • Gold trading — Wholesale of gold bars and ornaments
  • Silver trading — Wholesale of silver items and jewellery

What companies here also do

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

  • Import and distribution — Importing and distributing various jewellery and gemstones
  • Pawning services — Buying, selling, and pawning of jewellery and gems

Not included here

  • Wholesale leather watch straps View 46493 activities

Foreign ownership

List 3: Restricted, FBL/BOI route availableinherited from 46

Wholesale of goods of all kinds, where the minimum capital per store is below the level prescribed in the Act

Not a hard restriction — only applies while under-capitalised. A foreign-majority wholesaler is exempt from this List 3 item (no Foreign Business Licence needed) once minimum registered capital reaches the Act's threshold, typically THB 100 million per store. Verify current ministerial-regulation figures.

FBA B.E. 2542, List 3 (15)Routes: Foreign Business Licence, BOI promotion, 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.

2,154
active companies operate here
฿29.3Bregistered capital, combined
฿2573.7B
Sector revenue · 2025
-18% since 2023
฿1.7B
Net profit · 2025
911 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
52%of new registered capital is foreign-held
฿122.0M foreign฿113.3M Thai

Foreigners are strongly represented in new investment under this activity.

New in 2026

98+127.9%

registrations, YTD

Registered capital

฿29.3B+0.8%

since year-end

Largest by revenue

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

  1. 1YLG Bullion International Co., Ltd.฿1090.1B
  2. 2G-Cap Co., Ltd.฿424.8B
  3. 3Classic Gold Co., Ltd.฿318.9B
  4. 4T.D.C. Gold Co., Ltd.฿253.3B
  5. 5GT Gold Bullion Co., Ltd.฿224.3B

Largest by registered capital

  1. 1Ruby Impex Co., Ltd.Bangkok฿5.0B
  2. 2Luyuhuat Gold Trading Co., Ltd.Bangkok฿800.0M
  3. 3The Swatch Group Trading (Thailand) Co., Ltd.intlBangkok฿740.0M

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.

337
Registered
since 2022
311
Still active
26
Dissolved
฿2.0M
Median capital
of active

New registrations per year

2022peak 81 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