The third edition of the Singapore Jewellery & Gem Fair will see more than 200 exhibitors from 28 countries taking part. Last year’s edition of the show attracted just under 10,000 visitors. The show's, organizers, a unit of UBM Asia, said Singapore is the third-wealthiest nation in the world based on Gross Domestic Product (GDP) and also has 105,000 high-net-worth individuals (HNWIs) and is poised to record the world’s highest growth of ultra-high-net-worth individuals (UHNWIs) in the next decade.
In 2014, Singapore’s jewelry market was worth approximately $3.5 billion. According to the Antwerp World Diamond Centre, approximately 184,000 carats of polished diamonds valued at $315 million were exported from Antwerp to Singapore in the last six years, and the Singapore jewelry market is expected to grow even further in the coming years.