Logo of Phnom Penh Post newspaper Phnom Penh Post - Gem exports strong, gold on the way

Gem exports strong, gold on the way

Gem exports strong, gold on the way

Cambodia exported over $418.29 million worth of gemstones and jewellery to the international market last year, said a Ministry of Commerce report.

Singapore was Cambodia’s largest export market, worth $226 million. Thailand ranked second and imported around $165 million worth of jewellery while the US ranked third and imported more than $23 million, said the report.

Other export destinations included Vietnam ($3.36 million), Belgium ($ 1.15 million), Japan ($110,000), Italy ($1,851) and China ($1,142).

The report measured exports of natural or cultured pearls, precious or semi-precious stones, metals, precious metals, imitation jewellery and coins.

Cambodia also imported more than $194 million worth of gemstones and jewellery to supply local markets last year.

Most of the goods came from Thailand, Singapore, Canada, Belgium and Hong Kong but Cambodia also imported from 16 other destinations, including the US, India, China, Vietnam, Japan, Malaysia, South Korea and Italy, said the report.

Yek Hon, the owner of Channey Jewelry shop at Central Market in the capital’s Daun Penh district, told The Post on Monday that she had imported platinum and diamonds from Hong Kong to be processed into jewellery.

“I imported jewellery from Hong Kong and used platinum bought locally to process jewellery. My store is focused on processing platinum with diamonds,” said Hon.

She said the global outbreak of Covid-19 is significantly affecting the local jewellery market.

“I noticed that the local jewellery market had sharply declined and I decided to close the shop temporarily because of the Covid-19 disease,” she said.

However, a representative of Pailin Jewelry Co Ltd, who declined to be named, said the international gemstone and jewellery markets are in a good situation as business continues as normal, despite the spread of Covid-19.

“I see that the jewellery market is unaffected, the price of jewellery is stable,” the representative said.

Cambodia currently has two major gold mining companies operating in the northeast region of the country.

Indian-owned mining firm Mesco Gold (Cambodia) Ltd has started construction on a processing plant at its Phum Syarung mine near Peak village in O’Yadav district’s Yatung commune in Ratanakkiri province.

The company has temporarily halted work on the plant due to Covid-19, but it said it’s still on schedule to start refining gold this year.

Emerald Resources NL, the Australian-listed mining firm behind Mondulkiri province’s Okvau gold project, is expected to start its first large-scale gold operation in the Kingdom during the second quarter of next year.

Watch video:


  • PM imposes nationwide Covid restrictions, curfew over Delta scare

    Prime Minister Hun Sen late on July 28 instructed the municipal and provincial authorities nationwide to strictly enforce Covid-19 measures including curfew for two weeks from July 29 midnight through August 12 to stem the new coronavirus Delta variant. The instruction came shortly after he issued a directive

  • Two luxury hotels latest quarantine options for inbound travellers

    The Inter-Ministerial Committee to Combat Covid-19 has designated two luxury hotels as alternative quarantine options for travellers who wish to enter Cambodia through Phnom Penh International Airport – Sokha Phnom Penh Hotel & Residence and the Courtyard by Marriott Phnom Penh. In a notice detailing guidelines issued

  • Visa A holders get to quarantine at Himawari Hotel

    The Ministry of Health has permitted foreign diplomats, UN and International NGO officials to undergo quarantine at Himawari Hotel in the capital in case they do not have a separate place suitable for this purpose, but the government would not be responsible for the expenses.

  • Jabs for kids bring hope for school reopenings

    Cambodia is tentatively planning to reopen schools – at least at the secondary level – when the vaccination of children aged 12-17 is completed, even though daily transmissions and deaths in other age groups remain high. Schools across the country have been suspended since March 20, one month

  • China denies Mekong hacking

    As the US and its allies joined hands last week to expose what they allege to be China’s Ministry of State Security’s malicious cyber activities around the world, the attention also turned to Cambodia with the US Department of Justice claiming that four

  • 8 provinces on Thai borders put in lockdown amid Delta fears

    The government has decided to place several border provinces in lockdown for two weeks in a bid to prevent the new coronavirus Delta variant spreading further into community. According a directive signed by Prime Minister Hun Sen late on July 28, the provinces include Koh Kong,