Hong Kong’s jewellery sales continued their upward trajectory in November last year, registering a 14.4 per cent year-on-year increase on the back of strengthening consumer sentiment. 

Latest government data showed jewellery sales in November 2021 reached HK$3.17 billion (around US$407.12 million) while total retail sales during the month in review rose 7.1 per cent year on year to HK$30.7 billion (around US$4 billion).

January to November jewellery retail increased by 28 per cent to HK$35 billion (around US$4.5 billion).

According to the Census and Statistics Department, retail businesses got a much-needed boost from a government-led consumption scheme aimed at bolstering buyer sentiment. The payments, which were handed out to residents in tranches, totalled HK$5,000 (around US$640).

“Looking ahead, the local epidemic situation remains under control, the improving economic and labour market conditions should continue to provide support to the retail sector,” a government spokesman said.