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Hong Kong luxury  jewellery, watches sales slip in May

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In May 2025, Hong Kong witnessed a nuanced retail landscape: while total retail sales rebounded modestly, rising 2.4% year on year to HKD 31.32 billion ($3.99 billion), sales of luxury goods—specifically jewelry, watches, clocks, and other valuable gifts—contracted by 3.2% to HKD 3.87 billion ($493.1 million). This divergence offers critical insights into the shifting dynamics of consumer behavior, external macroeconomic pressures, and sector-specific challenges.

Several interrelated factors contributed to the luxury segment’s decline. First, surging gold prices significantly dampened consumer appetite for jewelry purchases, as higher costs discouraged discretionary spending on big-ticket items. Second, demand for luxury products on the Chinese mainland softened, reducing the influx of high-spending tourists traditionally pivotal to Hong Kong’s retail sector. Lastly, increased outbound tourism encouraged local consumers to shop abroad, further eroding domestic sales.

From January to May 2025, hard-luxury sales dropped by 9% to HKD 20.27 billion ($2.58 billion), while overall retail sales fell 4% to HKD 155.05 billion ($19.75 billion). These figures highlight a broader recalibration within Hong Kong’s retail environment, reflecting evolving consumer preferences and economic headwinds.

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74th Bangkok Gems & Jewelry Fair Set for September 2026 with Expanded Global Showcase

Stronger Participation, Wider Sourcing Opportunities, and Enhanced Exhibition Space Position the Fair as a Key Platform for Global Jewellery Trade

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The 74th edition of the Bangkok Gems & Jewelry Fair is scheduled to take place from September 8–12, 2026, at the Queen Sirikit National Convention Center (QSNCC) in Bangkok, building on the strong momentum of its previous edition.

The 73rd edition recorded an impressive THB 4.75 billion in trade value and attracted over 40,000 visitors from 118 countries, reinforcing the fair’s position as a global sourcing hub for the jewellery industry.

This year, organisers have expanded the exhibition footprint to cover the entire QSNCC venue, including Halls 1–8 and Plenary Halls 1–4, with the addition of Plenary Hall 3. The move aims to accommodate growing exhibitor demand and improve navigation across product categories.

For jewellery retailers, the fair offers access to a diverse supplier base, spanning loose gemstones, finished jewellery, and manufacturing services. It also enables connections with OEM and ODM partners, supporting the creation of customised collections tailored to regional markets and pricing strategies.

Positioned within Thailand’s well-established gemstone and jewellery manufacturing ecosystem, the event provides opportunities to explore competitive sourcing, diversify supply chains, and gain insights into global trends.

With its broad product mix, international participation, and strong industry relevance, the upcoming edition is expected to support inventory planning, supplier discovery, and business expansion for jewellery retailers worldwide.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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