THAILANDSICThailand Standard Industrial Classification

TSIC Activity

47732

Retail sale of jewellery in specialized stores

ประกอบกิจการค้า ทอง นาก เงิน เพชร พลอย และอัญมณีอื่น รวมทั้งวัตถุทำเทียมสิ่งดังกล่าว

What this activity covers

Retail sale of jewellery, including precious metals and stones, in specialised stores.

  • Jewellery retail — Selling gold, silver, and other jewellery
  • Precious metals — Trading in gold and silver bars
  • Gemstones — Selling diamonds and other gems
  • Imitation gems — Retail of synthetic gemstones
  • Jewellery repair — Providing repair services for jewellery

What companies here also do

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

  • Gold trading — Buying and selling gold and precious metals
  • Diamond production — Producing diamonds and gemstones

Foreign ownership

List 3: Restricted, FBL/BOI route availableinherited from 47

Retail sale of goods of all kinds, where the aggregate minimum capital or 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 retailer is exempt from this List 3 item (no Foreign Business Licence needed) once registered capital meets the Act's minimum, typically THB 100 million in total and THB 20 million per store. Verify current ministerial-regulation figures.

FBA B.E. 2542, List 3 (14)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.

10,186
active companies operate here
฿88.6Bregistered capital, combined
฿8877.4B
Sector revenue · 2025
+267% since 2023
฿9.0B
Net profit · 2025
6,643 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
17%of new registered capital is foreign-held
฿134.2M foreign฿667.5M Thai

Foreigners are actively investing in this activity.

New in 2026

346+5.2%

registrations, YTD

Registered capital

฿88.6B+8.0%

since year-end

Largest by revenue

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

  1. 1Hua Seng Heng Commodities Co., Ltd.฿5556.7B
  2. 2Intergold Goldtrade Co., Ltd.฿808.9B
  3. 3Aurora Trading Co., Ltd.฿705.0B
  4. 4Bestan Gold Trading Co., Ltd.฿291.6B
  5. 5Osiris Co., Ltd.฿122.4B

Largest by registered capital

  1. 1Hua Seng Heng Commodities Co., Ltd.Bangkok฿1.5B
  2. 2Hua Seng Heng Gold Shop Co., Ltd.Bangkok฿1.4B
  3. 3AURORA DESIGN PUBLIC CO., LTD.Bangkok฿1.4B

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.

1,951
Registered
since 2022
1,778
Still active
173
Dissolved
฿2.0M
Median capital
of active

New registrations per year

2020peak 446 in 20242026

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