Morning Bites (part 2)

💎Petra Diamonds’ LFL rough prices at its auction number 5 remained broadly flat (-1%) vs. Tender 4, as follows from Petra’s press release. The miner’s LFL prices for >2ct stones remained solid, while smaller goods showed some seasonal weakness. However, average LFL prices at the 1-5 tenders of fiscal 2024 (July 2023 - March 2024) were still 9% lower YoY

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 global diamond market, which is expected to show the first signs of a recovery in the next ~6 months, we believe

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