Gems TV was a jewellery manufacturer and reverse auction TV shopping network headquartered in Chanthaburi, Thailand. It began its operations in October 2004 in the UK, and then expanded to Germany, America, Japan and China. Gems TV was formed from the merger of Thaigem Limited and Eagle Road Studios, which formed Gems TV UK Limited, which eventually became a subsidiary of Gems TV Holdings Limited when the company expended to other countries. For the fiscal year ending 30 June 2009, revenues amounted to $162.16 million, down 31% from the previous year, with a gross profit of $53 million.
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