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Post #1930 196
Morning Bites (part 2)

💍Richemont's Jewellery Maisons segment sales jumped 14% YoY in 4Q24, accelerating from +2% in 3Q24, according to a press-release from the retailer. This was the sharpest increase since 2Q23 and the highest sales result ever in nominal terms. Overall sales growth was again recorded in almost all regions except Asia Pacific (-7% YoY): Europe (+19% YoY), Americas (+22% YoY), Japan and Middle East (+15% and +21% YoY, respectively)

We reiterate our view that consistently solid US demand (53% of global gem-set jewellery trade), especially in the seasonally most important pre-Christmas period, is likely to support the recovery in stressed global diamond market in 2025

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