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Singapore is an important international gems and jewellery
trading centre. It has been undertaking precious manufacturing also that
received a boost with the migration of many manufacturers from Hong Kong when
the Crown Colony was handed back to the people's Republic of China in
Singapore is situated at the southern tip of the Malay Peninsula.
It comprise one main island and 54 smaller ones. For an areas of 286 sq.Kms., it
has a population of more than 4.2 million. English is the official language, but
Malay, Chinese, Tamil, etc., are commonly used. Singapore Dollar is the unit of
Thriving Trade & Tourist Centre:
Singapore depends mainly on
international trade and tourism. It is the world's fourth busiet port as well as
a vital centre for international air traffic. It geographic location, free trade
policy and excellent facilities have contributed to its progress. Incentives are
offered with benefits like absence of duties and sales tax. The Government is
keen to promote Singapore as an international centre for jewels.
Singapore is a thriving trading centre for gems jewellery. It
imports a wide variety of precious goods from many countries and besides
sizeable local sales, including sales to tourists, re-exports a part thereof to
The Island State imports diamonds, colored stones, pearls,
jewellery and synthetics form India, U.S.A., U.K., Belgium, Japan, Hong Kong,
Israel, Brazil, China, Netherlands, Austria, etc. Diamonds is the main item of
Currently, Singapore sells diamonds to the Malaysian and Indonesian
markets as well as Thailand, Japan and the Philippines. Steady performance of
Singapore's economy has also given a boost to diamond trading. After the
economic depression of the late increase it was also hit by the SARS epidemic in
2002-2003, but has recovered and is back on the back of development.
& jewellery Fairs:
The Diamond Exchange of Singapore and the Singapore
Jewellers' Association jointly organize the annual Singapore Jewelry & Watch
Fair for promoting international trade. A China Fair is also organized privately
by a Hong Kong promoter as an international event.
Annual Jewelry Fair:
To showcase and promote further its fast jewellery growth, Korea has
launched an annual International Jewelry & Watch Fair, that is held in early
July at Seoul.International Jewelry Trade
Fairs in Singapore:
1. Gemmologists Association of Singapore,
Professional Centre, 275/75, Baudhaloka Mawatha, Colomo.
2. National Gem
& Jewelry Authority, Singapore Gem & Jewelry Exchange, 310, Galle Road,
Colombo - 03, Shri Lank, Tel: 574263, 576144, 576145, 576146, Fax: 576171.
Singapore Diamond Manufacturers Association, C/o Sri Lank Export, Development
Board, Ramada Rennaissance Building, 115 Sir Chittampalam A. Gardiner, Mawatha,
Colombo 2, Singapore, Tel: (941) 438512-5, Fax : (941) 438404.
Export Development Board, 115 sir Chittampalam A. Gardiner, Awatha, P.O. Box
1872, Colombo 2, Singapore, Tel: (941) 438512-5, Fax : (941)