Singapore Household Wealth Up Despite Slowing Economy
(Straits Times, 23 November 2016)​

Total household wealth in Singapore grew 2.9 per cent this year to US$1.1 trillion (S$1.56 trillion) despite the slowing economy, a new study released yesterday has found.

The study, the Global Wealth Report by Credit Suisse Research Institute, said that this wealth is projected to rise by 3.5 per cent every year over the next five years to US$1.4 trillion in 2021.

Across the whole Asia-Pacific, total household wealth grew a stronger 4.5 per cent to US$79.96 trillion this year - the highest rate of increase among the regions. READ MORE | DOWNLOAD ARTICLE

Image Credit: Straits Times​

Average Wealth Of S’poreans, Including Assets, The Highest In Asia: Credit Suisse
(TODAY, 22 November 2016)

SINGAPORE — Despite a slowing economy and uncertain labour market, Singapore’s adult population has an average wealth of about US$276,885 (S$395,000) per person — up 1.4 per cent compared with the middle of last year, an annual wealth report by the Credit Suisse Research Institute found.

The Global Wealth Report ranked the Republic top in Asia and seventh globally among major economies.

Image Credit: TODAY

Singapore: The Fastest Growing Emerging Gem And Jewellery Market
(Rough & Polished, 8 February 2016)

The Singapore jewellery market is as mixed as the population in the country. The middle class consumers regularly purchase medium priced products from regular stores as well as through platforms like home-shopping via the television marketing. An indication that demands for gems and jewelry are still quite high.

In volume, the mid-range consumers are much bigger than the high end jewellery buyers. This section reveals a massive opportunity for large-scale market expansion. Besides, these consumers look for investing values in the jewellery. READ MORE | DOWNLOAD ARTICLE

Image Credit:  Singapore International Jewelry Expo

AWDC Has Singapore And Malaysia In Its Sights
(Rough & Polished, 16 December 2014)

The representatives of a number of the Antwerp diamond companies took part in the Belgian Trade and Economic Princely Mission in the presence of Princess Astrid of Belgian; the members of the mission visited Singapore and Malaysia in the last ten days of November. The Antwerp World Diamond Centre (AWDС) representing the interests of the Belgian diamantaires held several exclusive business-to-business events during this visit.

The aim was to provide an opportunity to the Singapore and Malaysian dealers to develop new contacts with Antwerp diamond companies; and to the companies from the town on the Schelde – with their colleagues from Singapore and Malaysia taking into account the growing interest of the local consumers to the luxury jewellery. READ MORE | DOWNLOAD ARTICLE

Image Credit:  Singapore International Jewelry Expo

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