Morning Bites
  
💍China’s jewellery and watch retail sales rose 2% YoY in November, after the 45% YoY spike in October (mostly driven by the low base effect). This was the highest November result on record, with sales also 3% above the 2021 level (as well as +65% vs. November 2019). According to Rapaport, local trading is improving ahead of the holidays, but consumers are shifting to lower-priced categories: overall, the diamond sector keeps sending the initial signs of a recovery, bolstered by the resumption of Indian imports and the market environment improving. Were this recovery trend to persist, it would add support to the stressed diamond sector, we believe
  
#diamonds
https://metals-wire.com/sector/Diamonds