Macau reports solid growth in Q2 jewellery sales

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Jewellery

Macau’s retail sales of watches, clocks and jewellery registered a strong year-on-year growth of 25.1 percent in the second quarter of 2017, reaching MOP 3.19 billion (around US$395.42 million), the Statistics and Census Service of Macau (DSEC) revealed.

According to government data, overall retail sales of jewellery amounted to MOP 6.91 billion (around US$857.08 million) for the first half of 2017, up 21.8 percent from the same period last year.

DSEC attributed the significant growth in jewellery sales to increased spending of inbound tourists. Jewellery sales made up 22 percent of Macau’s total value of retail sales, which hit MOP 14.48 billion (around US$1.8 billion) in Q2 2017, disclosed DSEC.

News Source: jewellerynewsasia.com

Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.

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