Hong Kong’s luxury retail scene regained momentum in October, with jewellery and high-end accessories reporting a notable lift. Government figures show the category — covering jewellery, watches, clocks and premium gifts — climbed 9.5 per cent to roughly HK$5 billion, signalling renewed confidence among shoppers.
From January to October, the segment held steady with a slight 0.3 per cent rise to HK$42.36 billion. Overall retail activity across all categories also showed improvement in October, rising 6.9 per cent, although the year-to-date numbers remained marginally lower at 0.2 per cent.
According to the government, the uptick reflects stronger sentiment among local consumers, alongside consistent growth in visitor arrivals — two key factors expected to keep supporting retail performance in the coming months.
The festive season traditionally boosts spending, but shifting buying behaviours may influence outcomes this year. Last November and December saw jewellery sales fall 5.4 per cent and 13.8 per cent respectively, as more residents opted to travel abroad during the holidays, reducing local footfall.