In the mainland, same-store average selling price of gem-set jewellery was HK$7,500 last quarter, compared to HK$7,000 in the previous quarter, while the average selling price for Hong Kong and Macau jumped to HK$17,700 from HK$11,500 driven by big-ticket transactions.
The same-store average selling price of gold jewellery and products increased to HK$5,300 from the previous quarter of HK$4,400 in the mainland but declined to HK$5,700 from HK$7,400 in Hong Kong and Macau.
Meanwhile, luxury brands are increasing prices despite the pandemic, with Gucci pumping up the price of its bags from January 8 by as much as 20 percent.
