In the Maldives, the jewellery market in late February 2026 is centered on high-end luxury resort boutiques and locally loved artisan brands in Malé. With the peak tourist season in full swing, current offers focus on exclusive travel-themed charms and artisanal silver pieces.
Top Brand & Artisan Offers
Island Bazaar (Malé)
This elegant European-style boutique is a favorite for high-quality, locally inspired designs.
* Charm Bundles: They are currently offering a MVR 200 discount when you purchase their "Clip Anywhere Charm Pack" (includes three charms), reduced from MVR 960 to MVR 760.
* Sterling Silver Classics: Their popular Dhivehirajje (Maldives map) necklaces and Dhoni pendants in sterling silver are currently priced starting at MVR 670.
Oevaali Art Shop
A premier lifestyle brand known for 100% Maldivian art and design.
* Couple’s Ring Promotion: Though their "Paired Together" 10% discount officially ran through February 14th, they frequently offer in-store bundles in their Malé and Singapore branches for high-end "Stone Solasta" cuffs and semi-precious stone rings.
* New Arrivals: Check their "New Now" section for heritage-inspired pendants and Tila bracelets.
Pandora (Via Ubuy Maldives)
While there isn't a massive standalone flagship, online retailers like Ubuy are clearing seasonal stock for Maldivian shoppers:
* Selected Clearance: Discounts ranging from 15% to 24% off are active on classic "Mom Script" heart charms and "Sun, Stars & Moon" openwork charms.
* Travel Exclusives: Authentic Maldives Flag and Beach-themed charms are available starting from approximately MVR 822.
MANGO Maldives
For high-street fashion and costume jewellery:
* Newsletter Perk: New subscribers to their digital updates get 10% off their next purchase.
* Price Point: Their "New Now" 2026 collection features double pendant necklaces and beaded rigid collars at a fixed price of US$ 35.99.
Current Gold Rates (February 23, 2026)
Gold prices in the Maldives have trended upward recently. Approximate retail rates per gram in Maldivian Rufiyaa (MVR):
* 24K Gold: ~MVR 2,505
* 22K Gold: ~MVR 2,296
* 18K Gold: ~MVR 1,879
* 14K Gold: ~MVR 1,461
Shopping Tips for the Maldives
* Majeedhee Magu: This is the main shopping thoroughfare in Malé. It is the best place to find independent local jewellers who may offer more flexible pricing on traditional "black coral" (ensure it is sustainably sourced/certified) and silver ornaments compared to resort boutiques.
* Resort Boutiques: If you are staying at a high-end resort (like the St. Regis or Ritz-Carlton), check the "Fari Islands" or resort galleries. While prices are significantly higher, these shops often carry exclusive international collaborations (like Swarovski SCS 2026 exclusives) not found on the mainland.
* Duty-Free: If you are looking for international luxury brands like Cartier or Bvlgari, wait until you are at Velana International Airport (MLE), where prices are tax-exempt for departing passengers.
* Hallmarking: Always look for the 925 stamp on silver and the appropriate carat stamp on gold. For high-value diamond purchases, ask for a GIA or IGI certificate.
Top Brand & Artisan Offers
Island Bazaar (Malé)
This elegant European-style boutique is a favorite for high-quality, locally inspired designs.
* Charm Bundles: They are currently offering a MVR 200 discount when you purchase their "Clip Anywhere Charm Pack" (includes three charms), reduced from MVR 960 to MVR 760.
* Sterling Silver Classics: Their popular Dhivehirajje (Maldives map) necklaces and Dhoni pendants in sterling silver are currently priced starting at MVR 670.
Oevaali Art Shop
A premier lifestyle brand known for 100% Maldivian art and design.
* Couple’s Ring Promotion: Though their "Paired Together" 10% discount officially ran through February 14th, they frequently offer in-store bundles in their Malé and Singapore branches for high-end "Stone Solasta" cuffs and semi-precious stone rings.
* New Arrivals: Check their "New Now" section for heritage-inspired pendants and Tila bracelets.
Pandora (Via Ubuy Maldives)
While there isn't a massive standalone flagship, online retailers like Ubuy are clearing seasonal stock for Maldivian shoppers:
* Selected Clearance: Discounts ranging from 15% to 24% off are active on classic "Mom Script" heart charms and "Sun, Stars & Moon" openwork charms.
* Travel Exclusives: Authentic Maldives Flag and Beach-themed charms are available starting from approximately MVR 822.
MANGO Maldives
For high-street fashion and costume jewellery:
* Newsletter Perk: New subscribers to their digital updates get 10% off their next purchase.
* Price Point: Their "New Now" 2026 collection features double pendant necklaces and beaded rigid collars at a fixed price of US$ 35.99.
Current Gold Rates (February 23, 2026)
Gold prices in the Maldives have trended upward recently. Approximate retail rates per gram in Maldivian Rufiyaa (MVR):
* 24K Gold: ~MVR 2,505
* 22K Gold: ~MVR 2,296
* 18K Gold: ~MVR 1,879
* 14K Gold: ~MVR 1,461
Shopping Tips for the Maldives
* Majeedhee Magu: This is the main shopping thoroughfare in Malé. It is the best place to find independent local jewellers who may offer more flexible pricing on traditional "black coral" (ensure it is sustainably sourced/certified) and silver ornaments compared to resort boutiques.
* Resort Boutiques: If you are staying at a high-end resort (like the St. Regis or Ritz-Carlton), check the "Fari Islands" or resort galleries. While prices are significantly higher, these shops often carry exclusive international collaborations (like Swarovski SCS 2026 exclusives) not found on the mainland.
* Duty-Free: If you are looking for international luxury brands like Cartier or Bvlgari, wait until you are at Velana International Airport (MLE), where prices are tax-exempt for departing passengers.
* Hallmarking: Always look for the 925 stamp on silver and the appropriate carat stamp on gold. For high-value diamond purchases, ask for a GIA or IGI certificate.
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