Morning Bites

💍Hong Kong jewellery and watch sales shrank 29% YoY in April, accelerating from the revised -16% YoY in March, per the government data. According to Rapaport, sales remained under pressure as local consumers made outbound trips during the Easter holiday period

Despite the soft demand in HK, and rather slow recovery in China, sentiment remains strong on the key US market (~53% of the world's gem-set jewellery trade), which might speed up the industry's stock release and add support to the stressed diamond sector, we believe

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