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Jewelry - Hong Kong

Hong Kong
  • In Hong Kong, the revenue in the Jewelry market for the year 2025 is projected to reach US$10.17bn.
  • This market is expected to grow annually by 5.69% (CAGR 2025-2029).
  • When compared to other countries, China leads the way with a revenue of US$120bn in 2025.
  • Looking at the per capita figures, each person in Hong Kong is anticipated to generate revenues of US$1.36k in 2025.
  • Furthermore, it is predicted that 56% of the sales in the Jewelry market by 2025 will be attributed to Luxury.
  • Hong Kong's jewelry market is experiencing a surge in demand for high-end diamond pieces, driven by the city's affluent population and its reputation as a global luxury shopping destination.

Definition:

The Jewelry market covers rings, necklaces, earrings, bracelets, brooches, and other small decorative items that are worn for personal ornamentation.

Additional information:

The market comprises revenues and average revenue per capita. The key players in the market are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.

In-Scope
  • High jewelry
  • Fashion jewelry
Out-Of-Scope
  • Non-wearable items made from precious metals, pearls, precious or semi-precious stones
Accessories
Accessories
Related markets:
methodology
Download PDFFAQs and more info on the methodology

Revenue

Created with Highcharts 11.4.8ValuesTotal20182019202020212022202320242025202620272028202910203040506070

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Created with Highcharts 11.4.8ValuesTotal2018201920202021202220232024202520262027202820290.511.522.533.54

Most recent update: Sep 2024

Source: Statista Market Insights

Key Players

Most recent update: Mar 2024

Source: Statista Market Insights

Sales Channels

Most recent update: Mar 2024

Source: Statista Market Insights

Product Types

Most recent update: Dec 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Sep 2024

Source: Statista Market Insights

Methodology

Data coverage:

The data encompasses B2C enterprises. The figures are based on consumer spending on accessories that comprise of Watches & Jewelry and Luggage & Bags that are produced for private end customers for both offline retail and online retail.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, market data from independent databases and third-party sources, historical developments, current trends, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Accessories market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).

Key Market Indicators

Notes: Based on IMF, World Bank, UN and Eurostat

Most recent update: Jan 2025

Source: Statista Market Insights

Explore more high-quality data on related topic

Global Jewelry Market - Statistics & Facts

Humans have worn jewelry for many thousands of years. It is one of the most ancient and enduring forms of personal expression. Whether it’s a luxurious diamond necklace, or a simple charm bracelet, jewelry can make the wearer instantly feel more confident and stylish. In 2022, the global luxury jewelry market amounted to about 28 billion euros. Globally, the lion’s share of the jewelry and watch market revenue generated in 2022 is attributed to three countries: China was the largest, followed closely by India and the United States. The value of the jewelry market is expected to increase from about 270 billion U.S. dollars in 2022 to over 330 billion dollars by 2026. One of the most exciting new innovations in the jewelry industry is lab-created diamonds, which are often indistinguishable from natural diamonds, and are expected to become much more common and readily available in the near future.
More data on the topic
Value of personal luxury goods market worldwide
362bn EUR
Value of the global jewelry market
269.6bn USD
Market value of luxury jewelry worldwide
29bn euros

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