Hong Kong jewelry and watch sales have climbed to their highest since 2019 as wealthy Chinese shift into gold and gemstones to preserve wealth amid Beijing’s ti

Hong Kong jewelry and watch sales have climbed to their highest since 2019 as wealthy Chinese shift into gold and gemstones to preserve wealth amid Beijing’s tighter controls. The rise stands out against China’s broader luxury slowdown; UBS still sees gold at $5,000 by 2027.