Gold jewellery sales down 80 per cent in Hong Kong this year as Covid-19 puts paid to weddings, birthday parties

Gold jewellery sales in Hong Kong fell by almost 80 per cent this year as the Covid-19 pandemic spoiled countless wedding parties and other celebrations, according to an industry estimate.As disappointed couples were forced to cancel their wedding festivities, so their guests’ plans to buy them gold jewellery as gifts – a Chinese tradition – turned to dust. Sales had already taken a pounding in 2019 as civil unrest rocked the local economy.Though sales of jewellery have tanked this year, the…

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