Sales of hard-luxury goods in Hong Kong rose in July amid the government’s efforts to boost tourism and hold promotional events to attract shoppers.
Revenue from jewelry, watches, clocks and valuable gifts advanced 9% to HKD 4.1 billion ($525.8 million) for the month, the municipality’s Census and Statistics Department reported Monday. The increase is an improvement from the previous month’s 7% hike, which followed months of declines. Sales across all retail categories grew 1.8% to HKD 29.69 billion ($3.81 billion).
The luxury-goods category was one of the few that saw a year-on-year improvement during the month. The growth was likely attributable in part to higher margins from sales of gold products as the price of the yellow metal increased. A slight recovery in gem-studded jewelry was also noted for the market overall.
Hard-luxury sales slid 4.3% to HKD 28.94 billion ($3.71 billion) for the first seven months of 2025, as softer sales from January to May outweighed gains in June and July. Sales in all categories dropped 2.6% to HKD 214.84 billion ($27.56 billion) for the period.
“Retail sales continued to stabilize in July,” a government spokesperson said. “The value of total retail sales increased [at a] slightly faster [rate] than the increase in the preceding month. Looking ahead, local consumption sentiment should remain steady. The government’s proactive efforts in promoting tourism and mega events will also benefit retail business.”
Image: Causeway Bay shopping district in Hong Kong. (Shutterstock)