Published: Friday April 4, 2014 MYT 12:00:00 AM
Updated: Friday April 4, 2014 MYT 6:37:18 AM
KUALA LUMPUR: Habib Jewels Sdn Bhd, aims to boost sales by 20% this year driven by growing demand for gold as an investment.
Managing director Datuk Meer Sadik Habib said the sales of gold jewellery were expected to increase this year as consumers prepare for implementation of the goods and services tax (GST) in April next year.
“Last year, the sales of gold items were very good as the price of the metal fell. I believe the trend will continue, although the price is stable now.
“Most consumers buy gold jewellery as a long-term investment and implementation of the GST will somewhat affect sales,” he told reporters after the launch of the Habib Diamond Fest 2014, themed Shoot For The Stars here yesterday. – Bernama