Morning Bites (part 2)

💎US jewellery sales grew 6% YoY in November 2024, vs. the revised spike of 10% YoY in October, IDEX reports, citing the local Department of Commerce data. According to Mastercard SpendingPulse, US jewellery sales in November-December gained 4% YoY, implying a ~3% YoY increase in the seasonally most important pre-Christmas sales in December, on our numbers

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 1Q25, supporting sentiment in the still stressed diamond market, we believe

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