KUALA LUMPUR: Homegrown jeweller, Habib Jewels Sdn Bhd, has grown 30 per cent in terms of sales over the period of three-month tax holiday, said managing director Datuk Seri Meer Sadik Habib.
Meer Sadik said besides the zerorisation of Goods and Services Tax (GST) beginning June this year, Habib Jewels’ sales were also supported by growing buying trend among consumers over festive season.
“We also seen growing buying trend from the younger generation from our others selling platform, besides our store, such as online shopping websites and television.
“Besides that, buying momentum has also grown as consumers are taking advantage over the tax holiday period,” he told reporters during Habib’s Merdeka Bazaar here today.
He said the company expects the growing buying sentiments for jewelry to continue for the rest of the year, as jewelry were among the items exempted from the upcoming Sales and Service Tax (SST).
“We expect this trend to continue until year end as consumer confidence increases. We are also glad that jewelry remained SST-exempted, similar as in the past,” he said.
Meanwhile, Habib Jewels is celebrating its annual Merdeka sales this year with a special 10-day sales bonanza which began on August 24 until September 2.
The Merdeka Bazaar is an annual celebration in conjuction with Malaysia’s Independence Day as a mark of Habib Jewels’ pride as a Malaysia heritage jeweller.
During the 10-day Merdeka Bazaar, Habib Jewels is offering discounts on selected diamonds and coloured gemstones items up to 70 per cent and RM10 to RM25 per gram for 916 or 999 gold jewellery.
In conjunction with the National Day celebration, customers will be offered exclusive merchandises at attractive prices namely the Malaysian themes 916 gold pendants priced at RM88, gold Jalir Gemilang locket at RM161, pearl earrings priced at RM61 per pair, and men’s moonstone rings in grey and orange priced at RM388 while stocks last.