Kingdom Jewellery is trying to stand out among the eerily quiet luxury stores in Hong Kong’s Causeway Bay, once the world’s most expensive shopping district in terms of rents.
But while it has hung signs promoting a “crazy sale” and payment by instalments in the window, buyers are still scarce.
“Our customer flow has dropped 60-70 per cent” since the peak of Chinese luxury spending in 2013, says manager Jacky Sze. “I don’t have much hope for the rest of this year, or next.”
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