Revenue in the luxury watches & jewelry segment of the luxury goods market Hong Kong 2019-2029

The revenue in the 'Luxury Watches & Jewelry' segment of the luxury goods market in Hong Kong was forecast to continuously increase between 2024 and 2029 by in total 3.1 billion U.S. dollars (+38.08 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 11.2 billion U.S. dollars and therefore a new peak in 2029.

Find further information concerning the revenue in the 'Luxury Leather Goods' segment of the luxury goods market in the United States and the revenue change in the luxury goods market in the United Kingdom.

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Revenue in the luxury watches & jewelry segment of the luxury goods market Hong Kong from 2019 to 2029 (in billion U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

Watches & Jewelry are usually referred to as “hard luxury” to differentiate them from fashion and accessories, which are made from comparatively “soft” materials. The overall definition of this market follows broadly the Consumer Market Insights Watches & Jewelry market in the Accessories market, while here only sales of luxury brands are considered, and consequently, trend watches and fashion jewelry are excluded. Another difference is that luxury watches include hand-made watches that are not included in the Accessories market of the Consumer Market Insights.

Structure:

The Luxury Watches & Jewelry is divided into 2 markets:

Luxury Watches that contain luxury wristwatches, pocket watches, handmade and industrially produced watches and luxury segments and brands of the companies covered.
Luxury Jewelry that constitutes a part of the market that is called “hard luxury” to differentiate it from fashion, accessories and cosmetics, which are made from “soft” materials. It includes jewelry (gem-sets, bracelets, necklaces, wrist gems, earrings, brooches etc.) and luxury segments and brands of the companies covered.

Additional Information:

The shown market data are based on an analysis of the biggest luxury companies in the world. Accordingly, watches and jewelry from smaller companies or artisanal production unaffiliated with the companies covered are not included. A complete list of all companies and brands covered can be found in the methodology description. All data are shown at retail value, which includes markups for retail distribution and sales taxes.

The biggest players in this field are LVMH, Richemont, Kering, Swatch, Chow Tai Fook and Rolex.

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