Morning Bites (part 2)

💎US jewellery sales rose 5% YoY in August, in line with the revised dynamics in July, IDEX reports. According to Rapaport, local retailers are optimistic about the upcoming 2024 winter holidays season, with some jewellers seen moving back from synthetic to natural diamonds

We reiterate our view that solid demand in the world's key US downstream market (~53% of the global retail gem-set jewellery trade) could accelerate the release of industry inventories, resulting in structural market improvements in the seasonally strong 4Q24-1Q25

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