Watch and jewelry sales, along with clocks and valuable gifts, have surged in Hong Kong during March following the reopening of borders in February, the cancellation of other Covid-related requirements and a tourism boom, IDEX Online reports.
Total revenue for the sector was up to $650 million in March – an increase of 165% year-on-year. Chow Tai Fook has reported that same store sales for Hong Kong and Macau were up 96.5% year-on-year between January and March.
Additionally, retail sales rose 40.9% during March, with the clothing sector seeing the biggest rise of all (188% year-on-year).
