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Degussa, Europe's Leading Gold Bar and Precious Metals Retailer, Joins the Prestigious Singapore Bullion Market Association

Degussa Precious Metals Asia Pte Ltd
2016-08-18 12:02 4046

SINGAPORE, Aug. 18, 2016 /PRNewswire/ --Degussa, Europe's leading precious metals retailer, has announced it has become a member of the Singapore Bullion Market Association (SBMA). Formed in 1993, SBMA has been playing an active role in promoting Singapore as a precious metal hub in the region.

Degussa, which opened its first Asian outpost in Singapore in October last year, has been increasing its portfolio of precious metals and its customer base. The German brand is already a major player in the gold and precious metal market on an international stage and in Singapore has reported rapid month-on-month increase in the number of investors looking at diversifying their investment portfolios with precious metals such as silver and, more significantly, gold.

For Degussa, the SBMA membership marks the beginning of an important relationship and further opportunities for growth. Mr. Michael Kempinski, Managing Director of Degussa Precious Metals Asia Pte Ltd, said, "Degussa is a brand that international investors recognise, trust and believe in. Over the years, we have established a personal relationship with our customers and are making the same progress in Singapore. Degussa's membership with SBMA is significant for both our brand and for this important Singapore institution."

"We are confident that through this membership, we will have further opportunities to grow our business opportunities and clientele in Singapore. We're also certain that with Degussa's years of experience and expertise, we will be enhancing SBMA's position as a leading association promoting transparency and governance in the Singapore bullion market."

Other high caliber corporate members of SMBA include: J.P. Morgan, ICBC Standard Bank PLC and UOB Bullion and Future LTD.

For further information about the Singapore Bullion Market Association, please visit: www.Sbma.org.sg and Degussa Singapore visit: http://www.degussa-pm.sg 

About Degussa Goldhandel (Gold trading)

Degussa as a brand is a synonym for quality and reliability in the field of precious metals. Degussa Goldhandel AG, Switzerland, has been active in the market since 2012. The head office of Degussa Goldhandel GmbH is located in Frankfurt. Degussa products and services are available at branch offices in Stuttgart, Munich (2), Frankfurt, Cologne, Hamburg, Berlin, Nuremberg, Hannover and Pforzheim as well as in Madrid and at Degussa Goldhandel AG in Zurich. The comprehensive portfolio of Degussa is completed by an online shop, available to customers 24 hours a day, 7 days a week, which offers constantly updated prices, high availability and fast processing. In August 2014, Degussa Group acquired its own precious metals refinery in Pforzheim, Germany. The refinery is active in the reprocessing of scrap precious metals as well as the production of upstream products for the jewellery industry.

Products and Services

Apart from its worldwide renowned precious metal bars made of gold, silver, platinum, palladium and rhodium with the characteristic diamond-shaped Sun / Moon logo, Degussa also offers a wide range of bullion and collector coins. Top-class experts are available to customers in the field of numismatics for the assessment as well as for sale and purchase of historical coins ranging from antiques to those of recent times. Clients have the possibility of storing their precious metals stocks at Degussa's high-value storage facility and at certain branches Degussa offers safe deposit boxes. Furthermore, Degussa has a "VAT-free" storage facility which is also available to its customers.

Purchase of scrap precious metals

Jewellery no longer being used, silverware, damaged precious metal bars and coins as well as industrially utilised precious metal products are purchased at reasonable prices and recycled.

Contact

Degussa Precious Metals Asia Pte Ltd
22 Orchard Road #01-01 Singapore 238885
Email: info@degussa-pm.sg
Telephone: +65-6804-5080
Internet: www.degussa-pm.sg  

Singapore Press contact:

Wani Diwarkar
PR Bespoke Pte Ltd
Email: wani@prbespoke.com
Telephone: +65-6933-9562
Mobile: +65-9832-0643

Logo - http://photos.prnasia.com/prnh/20160818/8521605240LOGO

Source: Degussa Precious Metals Asia Pte Ltd
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