Jewelry & Precious Metals — Pay Thai Suppliers Faster, Cheaper
Import jewelry, gemstones, precious metals, and luxury accessories. And your bank makes it worse — 3-day settlements, 2-4% hidden FX spreads, and zero visibility into what your payments actually cost.
We built payment infrastructure for jewelry & precious metals businesses. 0.5% spreads. Same-day THB settlement. Free container tracking.
Get a Quote for Your Next Thai PaymentJewelry & Precious Metals margins are too thin to donate 2-4% to your bank on every supplier payment.
Before we show you a single number, know this: we are regulated, audited, and transparent. Our pricing is published. Our client funds are segregated. These aren't marketing claims — they're regulatory requirements we meet daily.
These aren't marketing claims — they're regulatory requirements we meet daily.
Save £2,120 per £100k Payment
Typical savings for Jewelry & Precious Metals paying Thailand suppliers
- ❌ 2-3 day settlement
- ❌ Hidden FX margins
- ❌ High correspondent bank fees
- ❌ Manual compliance checks
- ✓ Settles in seconds — 2.3 second average
- ✓ Transparent pricing
- ✓ PromptPay available
- ✓ 0.14s automated compliance
At £300k-£3M monthly volume, save £25,440/year
What Challenges Do Jewelry & Precious Metals Businesses Face Paying Thailand?
Industry Pain Points
- High-value shipments requiring insurance
- Gold price volatility compounds FX risk
- Hallmarking requirements
- Conflict mineral compliance
Country-Specific Considerations
- Bank of Thailand FX regulations
- Thai Customs documentation
- VAT (7%) on imports
- BOI (Board of Investment) incentives for certain sectors
How Do Jewelry & Precious Metals Businesses Typically Pay Thai Suppliers?
Fast Settlement: Settles in seconds — 2.3 second average
Use PromptPay for instant THB settlement. Thailand instant payment system, 50M+ users
Real-Time FX Exposure Tracking
Upload supplier invoices as PDFs. Our AI OCR extracts amounts and currencies. See exactly what waiting costs you in real-time. Lock rates for 15 seconds when you see a good rate.
0.14s Compliance Screening
Automated compliance checks for Thailand regulations. Bank of Thailand FX regulations handled automatically.
How Jewelry & Precious Metals Businesses Typically Pay Thai Suppliers
If you're importing in this sector, you're likely dealing with a mix of payment terms. Here's how they work — and why speed matters.
⏱ Payment Timing
T/T advance for gold content. Net 30 for established suppliers. Consignment arrangements for high-value pieces.
📄 Invoice Terms
T/T advance (gold), Net 30 (established), consignment (trusted partners). LC for large diamond purchases.
Seasonal: Q4 peak, Valentine's (Feb), wedding season. Stock buildup 2-3 months ahead. High working capital requirements.
📊 FX Risk Profile
EXTREME: Double exposure (gold price + FX). INR for manufacturing, THB for gems, USD for diamonds. Hedge both commodity and currency.
Long-term relationships for quality consistency. India (manufacturing), Belgium/Israel (diamonds), Thailand (gems). Trust essential for consignment.
Common Documentation for Jewelry & Precious Metals
- Kimberley Process Certificate
- Hallmarking Certificate
- GIA/IGI Grading Report
- Insurance Certificate
- Valuation Report
Popular Thailand Supplier Types for Jewelry & Precious Metals
Common Thailand Suppliers
- Automotive parts (Bangkok, Rayong)
- Textile manufacturers (Bangkok, Chiang Mai)
- Food processors (Bangkok, Chonburi)
- Electronics assemblers (Ayutthaya)
Payment Tips for Thailand
- Thailand = Automotive hub (Toyota, Honda), food export leader
- PromptPay widely adopted - instant B2B payments
- Bangkok + Eastern Economic Corridor = Manufacturing zones
- Seasonal considerations - monsoon affects logistics
Frequently Asked Questions: Jewelry & Precious Metals Payments to Thailand
How do Jewelry & Precious Metals businesses pay suppliers in Thailand?
Jewelry & Precious Metals businesses can pay Thailand suppliers instantly using Unicorn Currencies. We offer a 0.5% FX spread with 2.3-second average settlement using local payment rails like PromptPay. This is significantly faster and cheaper than traditional SWIFT transfers which take 2-3 days.
What banking details do I need for Thailand Jewelry & Precious Metals suppliers?
To pay Jewelry & Precious Metals suppliers in Thailand, you need the recipient's Branch Code + Account (Thai baht transfer: branch code and account number), account number, and beneficiary name. Our platform validates these details automatically to ensure successful payment delivery.
How much can Jewelry & Precious Metals businesses save on Thailand payments?
Jewelry & Precious Metals businesses typically save 81% compared to traditional banks when paying Thailand suppliers. On a £100k transaction, that's £2,120 in savings. With Unicorn Currencies, you pay just 0.5% FX spread + £5 per payment vs banks charging 2.6% spread + £25 fees.
Is container tracking available for Jewelry & Precious Metals shipments from Thailand?
Yes, Unicorn Currencies offers FREE container tracking for Jewelry & Precious Metals shipments from Thailand. You receive real-time visibility into your cargo, including demurrage alerts to help avoid costly port storage fees. This feature is included at no extra cost with your payment account.
What currencies do Jewelry & Precious Metals businesses typically use with Thailand?
Jewelry & Precious Metals businesses typically convert GBP to THB when paying Thailand suppliers. Unicorn Currencies provides live exchange rates with a transparent 0.5% spread, and you can lock rates for 15 seconds when you see a favorable rate. Our AI-powered invoice OCR can automatically extract amounts and currencies from supplier invoices.
Ready to Pay Thailand Suppliers 81% Cheaper?
Join Jewelry & Precious Metals businesses saving £2,120 per £100k payment with t+0 (2.3s avg within unicorn network).
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