Morning Bites

💎US jewellery sales jumped 9% YoY in October, vs. the revised spike of 10% YoY in September, IDEX reports. According to IDEX, declining interest rates and slowing inflation, coupled with low layoff rates and wage growth, are driving the positive sales momentum

We reiterate our view that the solid downstream demand in the US (~53% of global gem-set jewellery trade) is likely to accelerate the ongoing destocking in 4Q24-1Q25, supporting sentiment in the stressed diamond market, we believe

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