Luxury Watches & Jewelry - Hong Kong

  • Hong Kong
  • In Hong Kong, the Luxury Watches & Jewelry market records a revenue of US$9.54bn in 2024.
  • It is projected to experience an annual growth rate of 0.96% (CAGR 2024-2028).
  • When compared globally, in China stands out as the top revenue generator in this segment, with a staggering US$25,250m in 2024.
  • Looking at the per person figures in relation to the total population, each individual in Hong Kong generates revenues of US$1.27k in 2024.
  • Hong Kong's luxury watch and jewelry market continues to thrive, attracting affluent consumers with its diverse range of high-end brands and exclusive shopping experiences.

Key regions: Singapore, South Korea, Russia, United States, France

 
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Analyst Opinion

Hard luxury is a mainstay of the personal luxury goods industry and still accounts for a high share of sales, yet it has been characterized by relatively low growth in recent years due to an economic slowdown and changing consumption habits, especially in the Greater China region, which used to fuel global sales at the beginning of the decade. The biggest players in this field are LVMH, Richemont, Kering, Swatch, Chow Tai Fook, Lao Feng Xiang, and Rolex. A detailed list of all assessed companies and their brands can be found in the methodology.

Methodology

The Luxury Watches & Jewelry market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Luxury Watches & Jewelry industry.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Sales Channels
  • Global Comparison
  • Methodology
  • Key Market Indicators
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