Buying gold jewelry in Singapore
Business travelers to Singapore may be surprised to learn that Singapore is actually a mecca for purchasing gold jewelry – especially for Indians. In fact, even Indians living as far away as Australia or even New Zealand will fly all the way to Singapore to purchase wedding jewelry to take back home with them or to take to relatives living in India. Why go all the way to or make a detour to Singapore? Simply put, Singapore is a well-regulated city state and thus, you can be confident about the purity and the quality of the gold jewelery that is sold there.
Hence, many gold jewelry shops can be found in Singapore’s Little India neighborhood and especially along Serangoon Road near the the Little India MRT station. One of the more popular destinations for gold jewelry buyers is Mustafa’s – a 6,300-square-meter department store that has a huge jewelry department and is open 24 hours a day. Other popular jewelry shops include retail chains such as Lee Hwa, Goldheart and Soo Kee which have branches all over the city.
When shopping though, shoppers should check to see if the shop they plan to patronize is participating in the GST Refund Scheme for tourists. Such shops will display signs such as 'Global Refund' or 'Premier Tax Free' while other shops like Mustafa’s will administer their own refund scheme.
Also, gold jewelry is sold by the weight and is based on the current price of gold. Hence, shopping for gold jewelry is a matter of picking out a design and then placing it on a scale to determine its value. And even if you are not in the market for the more unique and elaborate ethnic designs or wedding ensembles, Singapore’s jewelry shops offer a wide selection of rings, pendants, earrings and gold bracelets to choose from.
Thus, should you find yourself in the market for gold jewelry and you plan to take a business trip to Singapore or reside there as an expatriate, consider allocating some time for browsing the local jewelry shops.
Labels: Shopping, Singapore, Useful Travel Tips
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