Hong Kong Luxury Sales Keep Improving in October

Sales of hard-luxury goods in Hong Kong rose in October due to ongoing gains in consumer confidence and a consistently strong inflow of visitors.

Revenue from jewelry, watches, clocks and valuable gifts jumped 10% year on year to HKD 4.94 billion ($634.4 million), the municipality’s Census and Statistics Department reported Monday.

This was the sixth consecutive month that saw a year-on-year increase. The improved performance was likely due in part to higher margins on gold products, as gold prices have continued to rise.

Overall retail sales for Hong Kong came to HKD 35.18 billion ($4.52 billion) in October, an increase of 7%.

Total hard-luxury sales for the first 10 months of 2025 rose 0.3% year-on-year to HKD 42.37 billion ($5.44 billion) — the first year-to-date gain the segment has seen this year. Total sales in all retail categories slipped 0.2% to HKD 311.7 billion ($40.04 billion) for the period.

“The recovery in retail sales gathered strength in October,” said a government spokesperson. “The value of total retail sales rose, picking up further from the increase in the preceding month. Sales of most broad retail outlet types continued to grow. Looking ahead, ongoing improvement in local consumer sentiment and sustained notable growth in visitor arrivals should continue to render support to retail businesses.”

Image: Mongkok shopping district in Hong Kong. (Shutterstock)