Jewellery

Singapore is making a decent grab at the Asian Jewellry markets.According to a recent report on the jewellery sector, India and China together are projected to emerge as a market equivalent to the United States by 2015. The Middle East is yet another large market to consider. According to the World Wealth Report 2009, High Net-Worth Individuals (HNWIs) are investing 22 per cent of their wealth in jewellery, gems and watches. This consumption resides mainly in Asia and the Middle East. The rising trend of HNWIs devoting proportionately more to this category suggests that they perceive jewellery, gems, and watches as safer, tangible investments with long-term value.

These trends have not gone unnoticed by Singapore’s jewellery retailers who are actively growing their export markets. Last year, S$5.7 billion worth of jewellery and precious metals were exported, an increase of nearly S$2 billion from 2002.

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