Third-generation jeweller’s jumbo task reviving family business

His pieces combine traditional craftsmanship with modern methods like 3D printing

- Timothy Goh

Mr Gabriel Tan says the best financial decision he's made so far is investing in things that add value to his business. "For example, studying gemology has helped me spot opportunities that others might overlook, especially undervalued stones." PAINFUL LESSON I think you learn the most about money when you lose it all. For me, that moment came during the 1997 Asian financial crisis when our extended family's assets were wiped out and we were left with very little. It made me realise how much financial stability shapes one's choices - from education and self-development to business opportunities and even social standing.

(ST PHOTO: AZMI ATHNI MR GABRIEL TAN)

Mr Gabriel Tan still remembers how hard the 1997 Asian financial crisis hit his family’s jewellery business, Jumbo Gold and Diamonds.

The wholesale supplier of precious metals and gemstones was founded in the 1970s by Mr Tan’s grandfather.

“The losses were heavy, and the sudden change was a shock. The crisis hit when I was in my teens, and I realised we had to turn things around quickly or risk falling behind,” said the now 36-year-old.

Years later, Mr Tan co-founded and became director of Mark Gabriel Fine Jewellers, a company that functions as the retail arm of the business his grandfather started. He runs it with his brother Mark.

After he graduated in 2016 from the Gemmological Association of Great Britain with a diamond diploma, Mr Tan went about modernising the business.

“We started working more with gemstones and diamonds, and began using professional grading techniques to help us source better stones for our clients and plan the cuts we need,” he said.

Much of the family business operated in a more “traditional” way before he joined, Mr Tan said.

“In the past, many dealers didn’t see certain gemstones as valuable,’ he added.