Selberan Event

15 November 2024

Gardens Mall, Kuala Lumpur

Malaysia’s jewelry industry is experiencing growth fueled by increased consumer spending, a rising middle class, and growing demand for luxury and custom-designed pieces. Key segments include gold, diamond, and platinum jewelry, with gold being the most significant..

Local brands such as Poh Kong and Tomei dominate, alongside international players catering to retail and gifting markets. While the return of international tourism has boosted luxury jewelry sales, economic pressures like inflation have also led to prioritization of essentials, affecting some consumer segments .

The industry also sees opportunities in sustainability and lab-grown diamonds, reflecting global trends. Challenges include price volatility in precious metals and the need for more innovative marketing strategies.