International News
Hong Kong’s luxury retail sector, incl jewellery, sustains growth
Jewellery sales rise 3.6% year-on-year, driven by inbound tourism and higher gold prices.
Hong Kong’s hard-luxury retail sector, particularly jewellery, sustained growth in November 2025 amid broader economic recovery. Jewellery, watches, clocks, and valuable gifts sales rose 3.6% year-on-year to HKD 4.64 billion ($595.5 million), marking the seventh consecutive monthly advance. This performance aligns with overall retail sales climbing 6.5% to HKD 33.7 billion.
Jewellery sector revenue reached HKD 4,641 million in November, up from prior months, driven by robust inbound tourism and elevated gold product margins amid rising prices. Volume indices showed a -5.9% dip in some reports, but value growth persisted due to premium pricing. For January-November 2025, cumulative hard-luxury sales edged up 0.7% to HKD 47.01 billion.
Strong visitor arrivals boosted luxury demand, complementing local consumption sentiment improvements from economic expansion. Gold price climbs enhanced retailer margins, supporting jewellery sales resilience despite varied volume trends. Government notes vibrant inbound tourism will continue aiding retail, including jewellery outlets.
Total retail value hit HKD 33,730 million, with online sales surging 28.4% to 11.2% of total. Other categories like electrical goods (+38.6%) outperformed, while fuels declined. Year-to-date retail grew 0.4% to HKD 345.43 billion.
International News
India-UAE Jewellery Dialogue Draws 200+ Stakeholders, Reinforces Trade Confidence
GJEPC and UAE Leadership Reaffirm Commitment To Market Resilience and “Business Beyond Borders.”

- The India-UAE Gems & Jewellery Dialogue -Boosting Confidence, held on 2 April 2026 at Taj Business Bay, Dubai, saw strong industry participation, underscoring continued optimism in bilateral trade. The event was organised under the patronage of the Embassy of India in the UAE, the Consulate General of India in Dubai, and the GJEPC.
The high-level gathering brought together over 200 stakeholders across the jewellery value chain, including manufacturers, retailers, wholesalers, and policymakers from both countries. Among the dignitaries present were H.E Mohammed Ali Rashed Lootah, President & CEO Dubai Chamber, H.E. Ahmed Al Khaja, CEO Dept of Economy & Tourism, H.E. Jumal Al Kait, Asst Undersecretary Ministry of Foreign Trade, Tawhid Abdullah, Chairman Dubai Jewellery Group. Speakers highlighted the resilience of the UAE’s jewellery ecosystem and pointed to expanding opportunities for integration with Indian manufacturers.

Delivering the keynote, H.E. Dr Deepak Mittal, the Ambassador of India to the UAE, reaffirmed the Government of India’s continued support for the sector and emphasised the UAE’s strategic importance as a partner under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
Hon’ble Consul General Satish Kumar Sivan stressed the need for unity and confidence within the trade amid shifting global dynamics. In his welcome address, Mr Sabyasachi Ray, Executive Director, GJEPC, outlined GJEPC’s focus on strengthening exports and deepening engagement across the GCC through collaborative initiatives.
Key discussions reaffirmed the strength of India-UAE trade ties in gems and jewellery, sustained confidence in the UAE market despite global uncertainties, and the need for closer coordination between government, trade bodies, and industry. Participants also recognised the India Jewellery Exposition Centre (IJEX) as a critical platform enabling market access in the region.
The dialogue concluded with a shared commitment to deepen cooperation, strengthen trust, and drive growth in bilateral jewellery trade, with GJEPC reiterating its focus on facilitating “Business Beyond Borders.”
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