Morning Bites

💍China’s jewellery and watch retail sales increased 10% YoY in May, after the 3% YoY rise in April. According to Rapaport, the local diamond market is traditionally slow in the summer, with demand likely to rebound in September. Overall, some recovery in the China and US downstream markets (which jointly represent ~65% of global demand for polished diamonds) might accelerate the diamond industry’s stock release, we believe

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