Habib Jewels: Glittering future for gold prices

KUALA LUMPUR: Habib Jewels Sdn Bhd expects gold prices to strengthen further in the medium to long term due to good demand and global economic factors. Managing director Datuk Meer Sadik Habib said gold prices have been increasing in the last 12 years and many of those who invested in the commodity have benefited.

Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/HABIB21/Article/
Published: February 22, 2013

"Today is a good day to invest in gold due to its price. If you buy gold jewellery, you can enjoy wearing them but at the same time, they have very good investment value," he said at the launch of the Habib Suria KLCC Centre Court Exhibition here yesterday.

"Gold is very liquid... you can sell it anywhere in the world."

On Habib Jewels' future plan, Meer Sadik said it is opening three new outlets outside of the Klang Valley this year, with an investment of about RM5 million per outlet.

Currently, there are 29 Habib Jewels outlets nationwide.

"We are focusing on growing our presence in the country as we have no plans to venture overseas, although we do hold exhibitions in Singapore, Hong Kong and the Middle East. The demand in Malaysia is very high and we want to focus on our customers here," he said.

Meanwhile, the Habib Suria KLCC Centre Court Exhibition started yesterday and will end on March 5.

In conjunction with the exhibition, Habib has officially launched its Oro Italia 916 collection.

The collection consists of new additions to its Italian-designed 916K gold jewellery range and features Italian designs with exquisite craftsmanship.