Hong Kong Luxury Sales Nearly Double in August

Sales of hard-luxury goods in Hong Kong rose in August as consumer sentiment and inbound tourism picked up.

Revenue from jewelry, watches, clocks and valuable gifts grew 16% to HKD 4.55 billion ($585.3 million) for the month, the municipality’s Census and Statistics Department reported last week. The increase is nearly double the previous month’s 9% hike and is the fourth month of improvement for luxury in the municipality. Sales across all retail categories increased 3.8% to HKD 30.33 billion ($3.9 billion).

The luxury-goods category saw the second-highest rate of year-on-year improvement in August. The growth was likely attributable in part to higher margins from sales of gold products as the price of the yellow metal increased.

Hard-luxury sales fell 2% to HKD 33.47 billion ($4.3 billion) for the first eight months of 2025, as softer results from the start of the year outweighed gains in the last few months. Sales in all categories slipped 1.9% to HKD 245.14 billion ($31.51 billion) for the period.

“The value of total retail sales grew [in August,] marking the fourth consecutive month of growth,” a government spokesperson said. “Looking ahead, the stabilizing local consumer sentiment, coupled with sustained growth in inbound visitors and the government’s proactive efforts in promoting tourism and mega events, should render support to retail businesses,”

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