Another Rise in Hong Kong Watch and Jewelry Sales
December 04, 25
(IDEX Online) - Watch and jewelry sales in Hong Kong maintained a robust recovery during October as domestic consumer sentiment and tourism both recovered.
Revenue in the jewelry, watches, clocks and valuable gifts sector was up 9.5 per cent year-on-year to HKD 4.94bn (USD 634m), according to newly-released figures from the Census and Statistics Department for the special administrative region. It does not provide a more detailed, by category-by-category breakdown.
In September sales for the sector rose by 9.1 per cent, and surged in August by 17.5 per cent, likely as a result of the peak numbers of summer tourists.
Despite the recent recovery, total sales for January to October have increased only marginally, up 0.3 per cent, because of poor performances earlier in the year.
Hong Kong's retail sales all sectors increased by 6.9 per cent in October. The biggest increase by far was among electrical goods and consumer durables (+24.6 per cent).
A government spokesman said the recovery in retail sales had gathered strength in October.
"Ongoing improvement in local consumer sentiment and sustained notable growth in visitor arrivals should continue to render support to retail businesses," he said.