Market Trends in Hong Kong’s Jewellery Sector
As Hong Kong reasserts its position as a global jewellery hub, the market is poised for a transformative leap by 2026. Fueled by rising luxury demand, ethical sourcing imperatives, and digital innovation, the city’s jewellery industry is expected to reach new heights. According to Statista, Hong Kong’s jewellery market revenue is projected to hit US$10.10 billion in 2025, with a compound annual growth rate (CAGR) of 5.91% through 2030.
This article explores the forces shaping Hong Kong’s jewellery landscape, from affluent consumer behavior and sustainability trends to the impact of global trade dynamics and digital retail channels.
Luxury Jewellery: The Core Growth Engine
Hong Kong’s reputation as a luxury shopping destination remains unshaken. In 2025, 69% of jewellery sales in Hong Kong are expected to come from luxury products, including high-end diamond pieces, branded collections, and bespoke designs. The city’s affluent population, coupled with its role as a gateway to Mainland China, continues to attract global brands and discerning buyers.
Key drivers include:
- High Net-Worth Individuals (HNWIs): Hong Kong ranks among the top cities globally for HNWIs, who favor investment-grade jewellery and rare gemstones.
- Tourism Recovery: Post-pandemic tourism rebound, especially from Mainland China, is expected to boost retail footfall and luxury purchases.
- Brand Expansion: Leading brands like Chow Tai Fook, Luk Fook, and Cartier are expanding their flagship stores and experiential retail formats.
Ethical Sourcing and Sustainability: A Rising Priority
Sustainability is no longer a niche concern—it’s a strategic imperative. Ethical sourcing, traceable supply chains, and ESG compliance are becoming central to buyer decisions.
Recent trends include:
- Lab-Grown Diamonds: Demand for lab-grown diamonds is surging, driven by younger consumers seeking eco-friendly alternatives. SpringLee Jewels and other local players are investing in certified lab-grown collections.
- Responsible Mining: Suppliers are increasingly aligning with the Responsible Jewellery Council (RJC) and sourcing conflict-free gems from certified mines.
- Green Packaging and Carbon Offsetting: Brands are adopting biodegradable packaging and carbon-neutral shipping to appeal to ESG-conscious buyers.
Hong Kong’s jewellery fairs, such as the Hong Kong International Jewellery Show 2025, showcased sustainability-focused exhibitors and panels on ethical sourcing.
Market Segmentation and Demand Forecast
According to 6Wresearch, the Hong Kong jewellery market is segmented into:
| Segment | Forecast Trend |
|---|---|
| Necklaces & Rings | Strong growth due to cultural gifting and bridal demand |
| Earrings & Bracelets | Popular among Gen Z and millennial buyers for daily wear |
| Real Jewellery | Dominates market share, especially in gold and diamond |
| Costume Jewellery | Gaining traction in online retail and fast fashion |
Offline retail remains dominant, but online jewellery sales are expected to grow by over 20% annually, driven by mobile commerce and virtual try-on technologies.
Pricing and Consumer Behavior
Hong Kong consumers are increasingly value-driven yet brand-loyal. Key behavioral shifts include:
- Personalization: Custom engraving, birthstones, and bespoke settings are in demand.
- Heritage & Storytelling: Buyers favor pieces that reflect cultural heritage or personal milestones.
- Digital Discovery: Social media, influencer marketing, and livestream shopping are influencing purchase decisions.
Average revenue per capita in Hong Kong’s jewellery market is projected at US$1,350 in 2025, indicating strong per-person spending.
Trade Dynamics and Global Positioning
Hong Kong’s jewellery trade is deeply intertwined with global markets. Key developments:
- China-Hong Kong Integration: Cross-border e-commerce and relaxed import/export policies are streamlining trade.
- Global Trade Rules: Compliance with international trade regulations, including CITES and Kimberley Process, is essential for exporters.
- Currency Stability: The Hong Kong Dollar’s peg to the US Dollar provides pricing stability for international buyers.
Forecast for 2026: What’s Ahead?
By 2026, Hong Kong’s jewellery market is expected to:
- Surpass US$11 billion in revenue, driven by luxury and ethical sourcing.
- See lab-grown diamonds capture 15–20% of the diamond market share, up from 10% in 2024.
- Experience double-digit growth in online jewellery retail, especially among Gen Z buyers.
- Witness increased participation in global jewellery fairs, with Hong Kong positioned as a key exhibitor and buyer destination.
Strategic Takeaways for B2B Buyers and Suppliers
- Invest in ESG Compliance: Align with ethical sourcing standards to meet buyer expectations.
- Embrace Digital Channels: Optimize for mobile commerce, AR try-ons, and influencer partnerships.
- Target Luxury Segments: Focus on high-end offerings with personalization and heritage appeal.
- Monitor Trade Policies: Stay updated on import/export regulations and certifications.
Reference Sources
- HKTDC Jewellery Trends 2026
- Statista Hong Kong Jewellery Market Forecast
- 6Wresearch Hong Kong Jewellery Market Report
- SCMP Jewellery Fair Coverage
- Responsible Jewellery Council
- Kimberley Process Certification Scheme
- Chow Tai Fook Annual Report
- Luk Fook Holdings Newsroom
- BriteCo Jewellery Trends
- SpringLee Jewels Sustainability
⚠️ Disclaimer
This article is intended for informational purposes only. All market data and forecasts are based on publicly available sources and are subject to change. Readers should conduct their own due diligence before making business decisions.
