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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.

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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.

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SIJE 2026 To Host 450+ Global Brands As Singapore Welcomes Back The World Diamond Congress After 38 Years

The Largest Edition In The Expo’s History Will Coincide With The Inaugural Singapore Diamond & Jewellery Week From 9–15 July 2026.

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Singapore International Jewellery Expo (SIJE) 2026 is set to stage its largest-ever edition, bringing together more than 450 brands and exhibitors from 26 countries across 10,000 square metres at Marina Bay Sands from 9 to 12 July 2026.

The event will be officially inaugurated by Alvin Tan, Minister of State for the Ministry of Trade & Industry and the Ministry of National Development, Singapore, and is expected to attract around 18,000 trade buyers and consumers over four days.

A major highlight of this year’s edition is Singapore hosting the 41st World Diamond Congress for the first time since 1988, marking the prestigious event’s return to the city-state after 38 years. The Congress, scheduled from 12 to 15 July at PARKROYAL COLLECTION Marina Bay, will bring together global leaders from across the diamond value chain, including miners, manufacturers, traders, retailers and industry associations.

SIJE 2026 also forms one of the two pillars of the inaugural Singapore Diamond & Jewellery Week (SDJW), a week-long celebration running from 9 to 15 July 2026 that will feature retail experiences, industry events, promotions and international showcases across the island nation.

Despite ongoing global economic uncertainties, SIJE 2026 has recorded its strongest international participation to date, underlining confidence in Singapore’s position as a trusted hub for jewellery, luxury retail, gemstones and high-value trade.

The exhibition will feature prominent country pavilions and exhibitors from Italy, Hong Kong and Uzbekistan, alongside leading jewellers, gemstone dealers, luxury watchmakers, designers and manufacturers from around the world.

One of the unique attractions this year will be the display of a replica of the historic Crown of Carlo di Borbone at the Diamond Exchange of Singapore (DES) Pavilion. The crown, originally created in the 18th century for Charles III of Spain, has been reconstructed from historical records and is linked to the legendary “Perfect Colour of Violet” diamond

Organised by Italian Exhibition Group (IEG) Asia, SIJE continues to strengthen Singapore’s role as a gateway to the rapidly expanding markets of Southeast Asia and the Asia-Pacific region.

Industry observers note that the scale of SIJE 2026, coupled with the return of the World Diamond Congress, reflects growing momentum in the regional luxury market and reinforces Singapore’s standing as one of the world’s most important centres for jewellery trade, craftsmanship, innovation and international business exchange.

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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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