Morning Bites (part 2)

💍Hong Kong jewellery and watch sales shrank 11% YoY in October, decelerating from the 18% YoY decline seen in September, per the government data. According to Rapaport, demand is expected to pick up in November ahead of Christmas and the Chinese New Year

Despite slack demand in HK, sentiment remains strong in the key US market (~53% of the world's gem-set jewellery trade), which might support the depressed diamond sector, were this trend to persist

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