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Local jewellers lament cost, margin pressures

They face tough times due to higher precious metal prices; near-term outlook continues to be unpromising

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Given the weak demand situation, jewellery retailers have to work hard to avoid passing higher costs on to customers.

Singapore 

LOCAL jewellers are feeling the pinch of higher precious metal prices, which is likely to put further pressure on margins that have already been hit by cautious consumer spending and reduced footfall at stores.

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