Morning Bites (part 1)

💎US jewellery sales grew 5% YoY in April, roughly in line with the revised +6% YoY in March and marking the sixth consecutive YoY gain, IDEX reports, citing the US Department of Commerce. According to Rapaport, local diamond trading was seasonally slow in April, without notable market-moving events. We reiterate our view that the gradual recovery in US demand could well accelerate the release of the industry's inventories, supporting sentiment in the global diamond market

The US accounts for ~53% of global gem-set jewellery demand

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