Exploring Value Creation in the Gems and Jewellery Sector in Singapore

Lotte Thomsen, Martin Hess

Research output: Contribution to conferenceConference abstract for conferenceResearchpeer-review

Abstract

This paper is concerned with value creation, and focuses on the domestic fine gems and jewellery retail sector in Singapore. Based on interviews with Singaporean jewellers, it argues that exploration of this sector heightens our understanding of value in its various formal and informal forms. The value of gemstones, metals and jewellery are, on the one hand, standardised for example as the carat of gold. On the other hand, it is subject to much wider value creating dynamics associated with particular places and the cultural backgrounds of consumers, and used in the domestic and tourism market strategies of Singaporean jewellery retailers and corporations. The paper also shows how value creation in the Singaporean jewellery sector reaches far beyond the level of jewellery consumption and retail into firm-level pawning and investment sectors, and even into national financial sectors, making the topic particularly interesting in the geographical context of the financial center of Singapore.
Original languageEnglish
Publication date2019
Number of pages1
Publication statusPublished - 2019
EventRGS-IBG Annual International Conference 2019: Geographies of Trouble / Geographies of Hope - Royal Geographical Society, London, United Kingdom
Duration: 27 Aug 201930 Aug 2019
http://conference.rgs.org/AC2019/

Conference

ConferenceRGS-IBG Annual International Conference 2019
LocationRoyal Geographical Society
CountryUnited Kingdom
CityLondon
Period27/08/201930/08/2019
Internet address

Cite this

Thomsen, L., & Hess, M. (2019). Exploring Value Creation in the Gems and Jewellery Sector in Singapore. Abstract from RGS-IBG Annual International Conference 2019, London, United Kingdom.
Thomsen, Lotte ; Hess, Martin. / Exploring Value Creation in the Gems and Jewellery Sector in Singapore. Abstract from RGS-IBG Annual International Conference 2019, London, United Kingdom.1 p.
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Thomsen, L & Hess, M 2019, 'Exploring Value Creation in the Gems and Jewellery Sector in Singapore', London, United Kingdom, 27/08/2019 - 30/08/2019, .

Exploring Value Creation in the Gems and Jewellery Sector in Singapore. / Thomsen, Lotte; Hess, Martin.

2019. Abstract from RGS-IBG Annual International Conference 2019, London, United Kingdom.

Research output: Contribution to conferenceConference abstract for conferenceResearchpeer-review

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T1 - Exploring Value Creation in the Gems and Jewellery Sector in Singapore

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AB - This paper is concerned with value creation, and focuses on the domestic fine gems and jewellery retail sector in Singapore. Based on interviews with Singaporean jewellers, it argues that exploration of this sector heightens our understanding of value in its various formal and informal forms. The value of gemstones, metals and jewellery are, on the one hand, standardised for example as the carat of gold. On the other hand, it is subject to much wider value creating dynamics associated with particular places and the cultural backgrounds of consumers, and used in the domestic and tourism market strategies of Singaporean jewellery retailers and corporations. The paper also shows how value creation in the Singaporean jewellery sector reaches far beyond the level of jewellery consumption and retail into firm-level pawning and investment sectors, and even into national financial sectors, making the topic particularly interesting in the geographical context of the financial center of Singapore.

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Thomsen L, Hess M. Exploring Value Creation in the Gems and Jewellery Sector in Singapore. 2019. Abstract from RGS-IBG Annual International Conference 2019, London, United Kingdom.