On Cheong Jewellery
From Wikipedia, the free encyclopedia
- Retailing
- Jewellery Manufacturing
(1936)
 | |
| Industry |
|
|---|---|
| Founded | Singapore (1936) |
| Founder | Ho Yew Ping (1911 - 1965） |
| Headquarters | Chinatown , Singapore |
Area served | Singapore |
Key people | Ho Nai Chuen, MD |
Number of employees | 1300 |
| Website | www.oncheong.com |
On Cheong Jewellery (安昌) is a jewellery manufacturing company based in Singapore. On Cheong Jewellery is a member of the Singapore Jewellers Association (SJA), a non-profit representing jewellery operators in Singapore.[1]
On Cheong Jewellery was founded in 1936 by Ho Yew Ping, an emigrant of Guangdong Shunde province of China.[2][3] The name of the company is derived from the phrase "平安昌盛", meaning peace and prosperity.[4][5] On Cheong moved to its current location, a shophouse on South Bridge Road, in 1941.[2][3][4] In the 1940s On Cheong acquired Kwong Yik and Nan Jing Goldsmiths as part of an expansion and was formally incorporated in 1949.[3] Ho Yew Ping’s wife and the eldest son took over the operations of the business after Ping's death in 1965.[2]
Ho Nai Chuen, the youngest of Ho's children, joined the family business in 1985 and is currently the Managing Director of On Cheong.[4]
During the 2008 financial crisis, sales of gold jewellery fell. In response On Cheong shifted from mass-produced jewellery to customized pieces. The firm also placed additional emphasis on jade jewellery.[6][7][8]