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Morning Bites (part 2)

💎US jewellery sales jumped 6% YoY in June, marking the highest YoY growth in two years, the eighth consecutive YoY gain, after the revised 3% YoY rise in May, IDEX reports, citing the US Department of Commerce. According to Rapaport, US dealers enjoyed decent demand from retailers with stable high-end market

We reiterate our view that the ongoing recovery in US downstream demand (~53% of global retail gem-set jewellery trade) could accelerate the release of industry inventories in 2024, supporting sentiment in the global diamond market

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