Jewelry and Watch Sales Fall in Hong Kong

By John Jeffay / January 05, 2023 / www.idexonline.com / Article Link

(IDEX Online) - Sales of jewelry in Hong Kong fell last November, according to newly-released figures.Total retail sales fell year-on-year by 4.2 per cent. The figure for jewelry, watches, clocks, and valuable gifts was almost double that, at 8.3 per cent (The Census and Statistics Department does not provide a more detailed breakdown). Total sales were $372m.The sectors that fared worse were commodities in department stores (down 19.3 per cent) clothes (down 16.4 per cent).A spokesman for the special administrative region's government said retail businesses softened in November following the improvement in the preceding month. "While tightened financial conditions will continue to weigh on local consumption demand, the further relaxation of social distancing measures and continued improvement in labour market conditions will provide support," he said."In addition, the expected increase in visitor arrivals should benefit retail sales performance."Pic shows Hong Kong

Recent News

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com

Rise in gold stocks propels TSXV Mining

August 25, 2025 / www.canadianminingreport.com

Market sees gold sector nearing full value overall after target upgrades

August 18, 2025 / www.canadianminingreport.com

Gold stocks gain even as metal pulls back

August 18, 2025 / www.canadianminingreport.com

Gold stocks rocket to new highs, valuations no longer inexpensive

August 11, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok