Morning Bites (part 3)

💍Hong Kong jewellery and watch sales surged 61% YoY in November 2023, following the 27% YoY increase in October, according to the government data. To recap, the reopening of HK’s border with the Mainland in early 2023 became a major trigger for the trade recovery (in November 2023, 3.8mn visitors arrived in HK, 2.6x higher YoY). Sales were also 41% stronger than the pre-Covid 2019 level. Overall, the gradual improvement in consumer sentiment on the US and Chinese markets (~53% and ~12% of the world's gem-set jewellery trade, respectively) might add support to the stressed diamond sector

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