In Indonesia, the jewellery market is currently vibrant, with major retailers moving from Lunar New Year celebrations into early promotions for International Women's Day and the upcoming Ramadan season.
As of late February 2026, gold prices in Indonesia are near historic highs, influenced by global geopolitical tensions.
Top Brand & Retailer Offers
Central Mega Kencana (CMK) Brands
CMK, which operates MONDIAL, Frank & co., and The Palace Jeweler, is currently running "Year of the Fire Horse" themed collections.
* MONDIAL: Highlighting the Enchantales collection, featuring the Ruì pendant (a horse-shaped piece). They are also offering exclusive luxury hampers for selected high-value purchases.
* Frank & co.: Promoting the Moiselle collection—a series of diamond pendants inspired by the 12 Chinese zodiac animals.
* The Palace Jeweler: Known for being the most accessible "National Jeweler," they are currently offering competitive pricing on 18K gold and a wide range of diamond gift sets starting from affordable price points.
Online & Marketplace Highlights (Tokopedia/Shopee)
* Frank & co. Official Store: Currently offering voucher-based discounts, such as Rp50,000 off on selected items and various "bundle" deals for wedding sets and pendants.
* Miss Mondial: High-end diamond earrings and pendants are available with certified GIA reports and occasional online-only markdowns of 5–10% compared to boutique prices.
Bank & Payment Partnerships
* OCBC Indonesia: Through late February, OCBC credit and debit cardholders can enjoy 0% installment plans for up to 12 months and receive a Travel Jewelry Box bonus with a minimum transaction (typically around Rp98 million at premium partners like Le Feu Diamonds).
* BCA/Mandiri: Keep an eye out for "Lifestyle" deals in your banking apps; it is common for major malls (like Grand Indonesia or Plaza Senayan) to offer 10% cashback when using Reward Points at partner jewellers.
Current Gold Rates (February 23, 2026)
Gold prices have seen a "fantastic increase" this week. Approximate retail rates per gram in IDR:
* 24K Gold (Antam/UBS Bars): ~Rp2,965,000 (Selling) | ~Rp2,694,000 (Buyback)
* 18K Gold (750 - Boutique Standard): ~Rp2,529,000
* 9K Gold (375 - Entry Level): ~Rp1,434,000
Shopping Tips for Indonesia
* The JIJF Effect: The Jakarta International Jewellery Fair just concluded in mid-February. Many vendors (like Galeri 24) are still honoring "post-fair" discounts of 1% to 2.5% on diamond purchases made through their physical branches to clear remaining stock.
* SNI Standard: In 2026, there is a stronger emphasis on the SNI (Indonesian National Standard) for gold. Always ask for the SNI certificate, especially when buying 24K bars or high-carat ornaments for investment.
* Buyback Policy: Brands like Frank & co. and The Palace offer a robust Lifetime Service and a clear Buyback Policy. Given the high current gold rates, trading in your older, simpler gold pieces for modern diamond-set items can be a very cost-effective way to "upgrade."
As of late February 2026, gold prices in Indonesia are near historic highs, influenced by global geopolitical tensions.
Top Brand & Retailer Offers
Central Mega Kencana (CMK) Brands
CMK, which operates MONDIAL, Frank & co., and The Palace Jeweler, is currently running "Year of the Fire Horse" themed collections.
* MONDIAL: Highlighting the Enchantales collection, featuring the Ruì pendant (a horse-shaped piece). They are also offering exclusive luxury hampers for selected high-value purchases.
* Frank & co.: Promoting the Moiselle collection—a series of diamond pendants inspired by the 12 Chinese zodiac animals.
* The Palace Jeweler: Known for being the most accessible "National Jeweler," they are currently offering competitive pricing on 18K gold and a wide range of diamond gift sets starting from affordable price points.
Online & Marketplace Highlights (Tokopedia/Shopee)
* Frank & co. Official Store: Currently offering voucher-based discounts, such as Rp50,000 off on selected items and various "bundle" deals for wedding sets and pendants.
* Miss Mondial: High-end diamond earrings and pendants are available with certified GIA reports and occasional online-only markdowns of 5–10% compared to boutique prices.
Bank & Payment Partnerships
* OCBC Indonesia: Through late February, OCBC credit and debit cardholders can enjoy 0% installment plans for up to 12 months and receive a Travel Jewelry Box bonus with a minimum transaction (typically around Rp98 million at premium partners like Le Feu Diamonds).
* BCA/Mandiri: Keep an eye out for "Lifestyle" deals in your banking apps; it is common for major malls (like Grand Indonesia or Plaza Senayan) to offer 10% cashback when using Reward Points at partner jewellers.
Current Gold Rates (February 23, 2026)
Gold prices have seen a "fantastic increase" this week. Approximate retail rates per gram in IDR:
* 24K Gold (Antam/UBS Bars): ~Rp2,965,000 (Selling) | ~Rp2,694,000 (Buyback)
* 18K Gold (750 - Boutique Standard): ~Rp2,529,000
* 9K Gold (375 - Entry Level): ~Rp1,434,000
Shopping Tips for Indonesia
* The JIJF Effect: The Jakarta International Jewellery Fair just concluded in mid-February. Many vendors (like Galeri 24) are still honoring "post-fair" discounts of 1% to 2.5% on diamond purchases made through their physical branches to clear remaining stock.
* SNI Standard: In 2026, there is a stronger emphasis on the SNI (Indonesian National Standard) for gold. Always ask for the SNI certificate, especially when buying 24K bars or high-carat ornaments for investment.
* Buyback Policy: Brands like Frank & co. and The Palace offer a robust Lifetime Service and a clear Buyback Policy. Given the high current gold rates, trading in your older, simpler gold pieces for modern diamond-set items can be a very cost-effective way to "upgrade."
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