Morning Bites (part 3)
 
💎Kimberley Process has reported a 1% YoY drop, to 118.0mnct, in global diamond production in 2022. Botswana's output was flat YoY, while production in Russia rose 7% YoY to 41.9mnct. However, this increase was offset by declining output in the rest of the world. Despite relatively stable production in 2022, we maintain our view that the stressed global jewellery market is likely to keep weighing on diamond demand, at least in the short term

#diamonds    
https://metals-wire.com/sector/Diamonds