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Hong Kong: Sales of Jewelry and Watches Jump in May

Sales of these categories went up 7.1% in May in Hong Kong
Chow Tai Fook jewellery shop Hong Kong
Credit: Iris Hortman

Figures released by the Census and Statistics Department Hong Kong Special Administrative Region and quoted by Rough & Polished show that sales of jewelry, watches and clocks, and valuable gifts went up 7.1% year-on-year in May.

 

The value of total retail sales in May 2022, provisionally estimated at $29.1 billion, decreased by 1.7% compared with the same month in 2021. For the first five months of 2022, the value of total retail sales decreased 2.9% year-on-year.

 

Of the total retail sales value in May 2022, online sales accounted for 7.7% of purchases.

 

Gucci fashion jewelry store
Credit: TungCheung / shutterstock.com


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