The decision comes after similar action by mainland China, the US and the Philippines.
Conservation groups had urged the southern Chinese city's government to dispose of the ivory to send a strong sign it's serious about cracking down on the black market trade that is decimating Africa's elephants.
Hong Kong is a major transshipment point for illegal ivory sent to mainland China and officials have seized about 32.5 tons of ivory in the past decade, making it one of the biggest stockpiles in the world.
Conservation officials yesterday said they decided to destroy most of the rest of stockpile "in view of the management burden and the security risk generated by prolonged storage of the forfeited ivory."
They expect to start disposing of the ivory in the first half of 2014. In a sign of just how big the stockpile is, the disposal is expected to take "about one to two years."
China's demand for ivory is soaring as rising incomes mean ivory carvings prized as status symbols are becoming more affordable.
Earlier this month, authorities in southern China destroyed about 6 tons of illegal ivory in a surprise move praised by conservation groups. The US and the Philippines destroyed similar amounts last year.
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