Over the forecast period, Singapore's jewellery market is expected to maintain steady growth in both retail volume and value terms, despite ongoing macroeconomic challenges. With the timing of engagements and weddings closely tied to the completion of public housing projects, including Housing and Development Board (HDB) flats and new condominium developments, the continued release of these housing units is likely to support demand for fine jewellery.
The jewellery industry is experiencing a major shift due to digitalisation, offering consumers an interactive, personalised shopping experience. Advancements in technology now allow customers to create their own designs directly on jewellers' websites, revolutionising the purchasing process.
Looking ahead, the jewellery market in Singapore is expected to continue benefiting from the integration of both online and offline channels. While offline retail remains dominant for high-value pieces like fine jewellery, the shift to e-commerce - accelerated by the pandemic - is clearly here to stay.
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Understand the latest market trends and future growth opportunities for the Jewellery industry in Singapore with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Jewellery industry in Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Jewellery
Jewellery is a kind of personal adornment usually made with various precious and semi-precious materials such as gemstones, precious metals, beads, glass, and shells. Jewellery is segmented as either real or costume jewellery. Hair Accessories are not included as part of Real or Costume jewellery.
See all of our definitionsThis report originates from Passport, our Jewellery research and analysis database.
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