Jewellery sales in Hong Kong fell 17.9 per cent year on year in January 2025, demonstrating a continued decline in the jewellery retail business.

Data from Hong Kong’s Census and Statistics Department showed sales of jewellery, watches and clocks, and valuable gifts reached HK$4.46 billion (around US$574.04 million) in the first month of the year, down from HK$5.54 billion (approximately US$713.04 million) during the same period in 2024. 

Hong Kong ended 2024 with HK$51.38 billion (about US$6.61 billion) in jewellery retail sales, down 14.5 per cent from the year prior.

Meanwhile, total retail sales in Hong Kong dipped 3.2 per cent in January 2025, with consumer durable goods exhibiting the steepest declines. Food, alcoholic drinks and tobacco saw strong gains, the latest data further showed.

The government said changes in consumption patterns of foreign and local consumers could continue to impact the retail sector in the near-term. It is also counting on China’s measures to boost the domestic economy alongside Hong Kong’s efforts to boslter tourism and local consumption sentiment to support growth.