Hong Kong Luxury Sales Continue to Climb in December

Sales of hard-luxury goods in Hong Kong rose in December amid ongoing consumer confidence that sustained economic growth.

Revenue from jewelry, watches, clocks and valuable gifts was up 14% to HKD 5.32 billion ($681 million) for the month, the municipality’s Census and Statistics Department reported Tuesday. This was the eighth consecutive month the luxury segment advanced. Sales across all retail categories grew 7% to HKD 35.04 billion ($4.49 billion).

“The value of retail sales continued to recover solidly in December, rising further [compared to] a year earlier,” a government spokesperson said. “For 2025 as a whole, total retail sales value resumed modest growth. Looking ahead, improving local consumption sentiment underpinned by robust economic growth momentum, together with continued vibrant growth in inbound visitors, will continue to be favorable to retail businesses.”

Revenue from hard-luxury products edged up 1.9% for the full year to HKD 52.32 billion ($6.7 billion), while sales in all retail categories rose 1% to HKD 380.46 billion ($48.7 billion).

Image: A display at a jewelry store in Hong Kong. (Shutterstock)