Jewellery sales in Hong Kong remained in negative territory in June but the drop was less steep compared to previous months, latest government data revealed.
Sales of jewellery, watches and clocks, and valuable gifts in Hong Kong fell by 56.5 per cent year on year in June from 69.7 per cent in May, 76.7 per cent in April and 75.2 per cent in March as the local Covid-19 situation started to abate during the month, according to the Census and Statistics Department of Hong Kong.
From January to June, jewellery sales were down 65.5 per cent compared to a year ago.
A government spokesman commented, “With inbound tourism remaining at a standstill and local consumption hit by the surge in local Covid-19 cases in July and the resultant tightening of social distancing measures, the operating environment for the retail trade has turned more austere again.”
China’s jewellery sales meanwhile dipped by 6.8 per cent in June from 3.9 per cent in May, data from the country’s National Bureau of Statistics showed.
January to June figures saw a 23.6 per cent slump compared to 26.8 per cent in January to May and 32.5 per cent during the first four months of the year.