Hong Kong’s luxury market continued to climb in November 2025, as jewellery and watch sales rose for the seventh consecutive month, underscoring the city’s ongoing retail recovery.
According to figures from the Census and Statistics Department, the value of retail sales of jewellery, watches and clocks, and valuable gifts increased by 3.6 percent year-on-year to HK$4.64 billion, supported by resilient inbound tourism and higher gold prices. Total retail sales value for the month grew 6.5 percent to HK$33.73 billion, marking a sustained rebound across most retail categories.
Government data indicated that electrical goods and other consumer durable goods recorded the strongest growth, while sales of medicines, cosmetics, and optical products also posted solid gains.
From January to November 2025, the cumulative value of sales of jewellery, watches and clocks, and valuable gifts edged up 0.7 percent to HK$47.01 billion, while total retail sales for the same period rose 0.4 percent to HK$345.43 billion.
A government spokesperson noted that “retail sales sustained their recovery momentum in November,” adding that the gradual improvement in local consumption sentiment and a continued increase in visitor arrivals “will continue to benefit retail businesses.”
26-01-2026
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