Sales Of Hong Kong Jewellery & Watches Fell For The First Time In 3 Years In May

According to the Xinhua News Agency, the Hong Kong SAR Government’s Census and Statistics Department announced the latest figures on July 3, and the sales of jewelry, watches and clocks in May this year saw the first decline since July 2009.
   Data show that the total retail sales value of Hong Kong’s retail industry in May this year was HK $ 36 billion, up 8.8% year-on-year, the lowest increase since September 2009. Sales of jewellery, watches and clocks and valuable gifts, which were well received by individual travellers in the Mainland, recorded a 2.9% drop in sales. The chairman of the Retail Management Association, Mai Ruiqiong, said that due to the economic uncertainty and the weakening of the consumption power of individual mainland visitors to Hong Kong, the retail industry as a whole has entered ‘autumn and winter’, and some have been ‘cold winter’. Jewelry was the most affected, with sales increasing by only 3.1%. This is the first time that such a low-growth figure has appeared since the launch of a personal travel to the Mainland in Hong Kong. ”Except for watches and jewellery, growth in clothing and cosmetics has slowed.