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DESTINATION

Singapore

A growing emerging gem and jewellery market

The Singapore jewellery market is as mixed as the population in the country. A multi-culture cosmopolitan environment with four major ethnic groups of Chinese, Malays, Indians, and Eurasians.The result is the melting pot culture that influences the jewellery market in Singapore.
All shopaholics should agree that talking about Singapore equals an amazing destination for jewellery and watches: variety, quality and good prices.
All the famous international jewellery and watches brands are present in Singapore in shopping mall such as The Shoppes at Marina bay, ION Orchard, Takayashima, Paragon. Little India is the destination to find distinctive Indian jewellery and Chinatown for ethnical Chinese jewellery.
In the next five years, Singaporean jewellery market is expected to increase by 3% annually. With the 0% custom and import duty, the country’s jewellery market has grown rapidly in the past decade. The market is worth approximately $3.5 billion, with 26% of the jewellery sold containing diamonds. The country has also become a leading place for high-stake auctions in recent times. Though the Singapore gem and jewelry market abounds in challenges, the opportunities available are many more for businesses to grow and thrive.
The top-end jewellery consumers have enough knowledge about the products, which makes them ready buyers as they are well informed and this segment will remain strong and consistent. However, the mid-range customers will contribute maximum to the overall sales as they are in the majority.
The first choice of jewellery in Singapore is the Singaporean jewellery brands. Some of the main players are Aspial Corporation, a jewellery corporation with a chain of boutiques; Lee Hwa Jewellery, Goldheart Jewellery; Citigems; Soo Kee Jewellery Pte Ltd; Poh Heng Jewellery and among many others.
Singapore is an ideal location for online jewellery business due to its robust e-commerce market. In addition, cross border sales in the country provides multiple opportunities for online retailers operating in the country.
Currently, Singapore’s two main jewellery fairs are becoming increasingly popular with the global jewellery industry…the Singapore International Jewellery Expo (SIJE) and Singapore Jewellery & Gem Fair (SJGF).
Source: Rough-polished

About Singapore

Population: 5.4 million

Tourists per year: 15.5

Jewelry Stores: 500

Median Monthly Household Income: $8,666

Trade Associations

Singapore Jewellers Association

Diamond Exchange of Singapore

Gems Laboratories

Far Eat Gem Lab

NGI

Logistics

Malca Amit

Cisco

Brinks

Singapore Jewellery Stores

Are listed, only independent jewelers and local chain store with less than ten shops.

Start from (USD)$100/per day

Jewel Trend, One Raffles Place

1 Raffles Place #04-00, One Raffles Place Shopping Mall, Singapore 048616

Fine Jewellery

Pop Up Showcase

4 years ago

Start from (USD)$100/per day

Fine Jewellery

4 years ago

Flower Diamond Boutique

391 Orchard Rd, Singapore 238873

Fine Jewellery

Pop Up Showcase

4 years ago

Fine Jewellery

4 years ago

Larry Jewelry, ION

2 Orchard Turn, Singapore 238801

Fine Jewellery

Pop Up Showcase

4 years ago

Fine Jewellery

4 years ago

Larry Jewelry, Paragon

290 Orchard Rd, Singapore 238859

Fine Jewellery

Pop Up Showcase

4 years ago

Fine Jewellery

4 years ago

Lee Heng Jewellers, Chinatown

133 New Bridge Rd, Singapore 059413

Fine Jewellery

Pop Up Showcase

4 years ago

Fine Jewellery

4 years ago

TianPo Holland Village

211 Holland Ave, Singapore 278967

Fine Jewellery

Pop Up Showcase

4 years ago

Fine Jewellery

4 years ago

Kim. T Fine Jewellers

328 North Bridge Rd, Singapore 188719

Fine Jewellery

Pop Up Showcase

4 years ago

Fine Jewellery

4 years ago