By 2012, exports of jewellery are expected to touch US $400 million because of increasing demand for well-crafted and high-end Philippine designs, local makers informed.
Moreover, prices of local jewellery are more competitive compared to Thailand, which has a $1.5 billion export market.
Last year, exports of jewellery stood at $40 million, mainly to countries like Japan, United States and Europe.
This year, they are anticipating a growth rate of 10 percent in exports. They also requested Government to provide more support to the industry.
marketing@alchempro.com
