HONG KONG: SALES OF JEWELRY AND WATCHES GO UP IN OCTOBER
Data provided by Hong Kong’s Census and Statistics Department and quoted by IDEX Online shows that sales of jewelry, watches, clocks and other valuable gifts went up 3.3% year-on-year in October, reaching HKD 6.868 billion ($878 million).
For the first ten months of 2018 (January to October), sales of jewelry, watches, clocks and other valuable gifts soared 18.2% to HKD 71.184 billion ($9.10 billion).
Overall retail sales in Hong Kong rose 6% year-on-year in October to HKD 39.745 billion ($5.08 billion). Between January and October, overall retail sales increased 10.6% to HKD 401.0 billion ($51.3 billion). There were also more sales in October than in September, a rise attributed to an “increase in visitor arrivals and continued income growth”.