What is an example of a "precious product" under the updated definition of "precious product" as of 1 May 2024?

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As of 1 May 2024, the updated definition of precious product includes jewellery, watch, apparel, accessory, ornament or other finished product containing precious stones and/or precious metal, that is priced above the prescribed value of S$20,000.

An example of such a precious product is watch containing gold and has net sales price above S$20,000, even when the value of the gold in the watch is less than 50% of the net sales price.

What is an example of a "precious product" under the updated definition of "precious product" as of 1 May 2024?

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