Export of jewelry, as well as goods from manufacturers of gold and silver utensils from Hong Kong in January rose by 2.9% to $ 2.5 billion on an annualized basis, according to the Census and Statistics Department (CCD). From November 2014 to January 2015, exports in the same sector grew by 0.9% to $ 8 billion. At the same time, the level of jewelry exports fell 5.4% to $ 28.72 billion in 2014.
"It should be noted that the trade indicators in January were somewhat distorted due to the difference in the time of the Chinese New Year holiday, which this year fell to the middle of February, and not the end of January, as last year," the representative of CCD says. it would be more correct to analyze the joint indicators of January and February in order to clearly understand the trends underlying these data, but global economic and political problems can affect Hong Kong's export level in the short term. "
Although demand for jewelry starts to grow in 2015 due to the recovery of the global economy, unstable prices of jewelry raw materials may affect the level of jewelry exports from Hong Kong. Nicholas Kwan, director of the research department of the Hong Kong Trade Development Council (HKTDC), said that jewelry exporters from Hong Kong will be able to enter into a number of new contracts, but "they will have to cope with fluctuations in the prices of precious stones and metals. " He added that in 2015 the level of exports from Hong Kong could increase by 3%.