Gold is an auspicious precious metal in Chinese culture so it is not surprising to see a lot of jewelry shops selling golden items in Hong Kong. In fact, Hong Kong is one of the best places to shop for gold bars, coins and jewelry.
Gold jewelry in Hong Kong are known for their competitive prices and exquisite craftsmanship. This is the very reasons why many Chinese mainlanders come to Hong Kong just to shop for gold. Causeway Bay and Tsim Sha Tsui are the two areas where most of the well-known jewelry stores are located. Don't be shocked to see branches of the same store within just a few hundred feet from each other. This is because these companies want to maximize their presence in the area a have a big piece of pie in the market.
Merchandise from Hong Kong gold jewelry shops are not limited to necklaces, pendants, bracelets, rings and earrings. Small golden statues of cartoon characters and animals of the zodiac are also sold. AApart from off-the-shelf goods, some stores also offer customization so customers can get unique pieces not sold anywhere else.
However, gold merchandise in shops at Causeway Bay and Tsim Sha Tsui can be slightly more expensive than other districts because shop owners need to pay more for the lease. If you go to other districts where there are not many jewelry stores, the price for a piece of jewelry could be comparatively cheaper.
The gold and jewelry market in Hong Kong is a million dollar industry that is why the government imposes strict rules on selling these items. For instance, Hong Kong law requires gold jewelry to be stamped with a hallmark, indicating the purity of the gold. The most common hallmarks are: 999.9 (99.99% pure) and 999 (99.9% pure) for 24-carat gold, 990 (99% pure), 916.6 for 22-carat gold, 750 for18-carat gold and 585 for 14-carat gold. Gold jewelry should also be marked with the shop's name and sellers must provide an invoice indicating not only the price but also the weight, purity and craftsmanship of the item. These regulations aim to keep the good reputation and the highest standards within the industry.
Below are some of Hong Kong's most popular gold jewelry stores:
Chow Sang Sang - Over 60 retail stores all over the city.
Chow Tai Fook - Over 2,000 retail outlets in Hong Kong, Macau, Taiwan and Mainland China.
Lukfook - Over 1,400 shops in Hong Kong, Macau, Mainland China, Singapore, Korea, the United States, Canada and Australia.
Tse Sui Luen Jewellery (TSL) - Over 20 boutiques across Hong Kong.