Macau Records 23% Growth in Q1 Jewellery Sales

Macau: Macau’s retail sales of watches, clocks and jewellery recorded a year-on-year growth of 23.2 percent in the first quarter of 2017 as the market slowly recovers from economic uncertainties, says a report in JNA.

As per data released by the Statistics and Census Service of Macau (DSEC), jewellery retail sales rose to $478.88 mn from $388.64 mn during the same period in 2016.

The report attributes the stronger jewellery retail market in Macau to the positive situation in the greater China region, with markets in Hong Kong and mainland China both showing signs of improvement since the start of the year.

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