ong Kong’s luxury retail sector has extended its winning streak, recording a 20-percent year-on-year surge in April. This marks the 12th consecutive month of growth for luxury goods, which includes jewellery, watches, clocks, and valuable gifts.
According to data released by the Census and Statistics Department, HKSAR, revenue from the luxury segment reached HK$4.41 billion. This strong performance helped lift Hong Kong’s overall retail sales by 9 percent to HK$31.35 billion, fueled by a steady rebound in inbound tourism and strengthening local consumer confidence.
The growth was even more pronounced across the first four months of the year. Luxury goods revenue climbed 26 percent to HK$20.67 billion, while total retail sales for the same period rose 11 percent to HK$137.68 billion. Industry experts noted that the sustained growth highlights the resilience of the luxury market, particularly natural diamond demand, despite broader global economic uncertainties.
A government spokesperson expressed optimism about the sector's outlook, stating that the retail market should continue to benefit from ongoing economic expansion. However, officials also warned that they remain alert to downside risks arising from evolving geopolitical tensions and their potential impact on local consumption.
30-06-2026
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