Rise in Hong Kong Jewelry Market, Exports Up 6% in Early 2024 In the first two months of 2024, Hong Kong experienced a modest increase in jewelry exports and retail sales, signaling a steady recovery in business and consumer sentiment. According to the Census and Statistics Department, jewelry shipments rose by 6% year-over-year to approximately US$4.4 billion. Retail sales of jewelry, watches, clocks, and valuable gifts also increased by 8.8% to around US$1.3 billion during the same period, despite a slight dip in February’s sales. This growth is attributed to improved exports to China and the US, enhanced household incomes, and government efforts to boost consumer spending, although changing consumption patterns continue to challenge the sector. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts WGC: Is There a January Effect for Gold? READ MORE Oil Prices Waver as U.S. Stockpile Growth Meets OPEC+ Supply Cut Speculation READ MORE The $10 Trillion Defense Dilemma: Calls for Doubling NATO Defense Spending READ MORE Gold’s Behaviour Points to Sustained Strong Demand READ MORE Ports as Pawns: The $2 Trillion Transformation of Global Trade Hubs READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment