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RAPAPORT... Hong Kong’s total precious metal jewelry exports rose 19.1 percent year over year to $307 million in January 2010, according to data published by the Hong Kong Trade Development Council (HKDTC). The data was sourced from the Hong Kong Trade Statistics, Census & Statistics Department.
Of the total exports, those sourced from the domestic market grew 43 percent to $63 million, while re-exports of precious metal jewelry increased by 14 percent to $244 million for the month.
Precious metal jewelry imports increased by 40.6 percent to $378 million.
For the full year, the HKTDC reported that Hong Kong's precious metal jewelry exports fell 24 percent to $3.49 billion in 2009. The biggest market for fine jewelry exports, including precious metals, pearls and silver, was the U.S., although exports to the U.S. dropped 23 percent year over year to $3.67 billion. Exports to China, the second-largest fine jewelry export market, were down 27 percent to $1.3 billion on a year-to-year basis.
Precious metal jewelry imports fell 14 percent to $3.97 billion in 2009. Fine jewelry imports from China declined 7 percent year over year to $1.33 billion for the year, while those from India dropped 30 percent compared with last year to $454 million.
LH
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