Morning Bites (part 2)

💎US jewellery sales grew 4% YoY in December, vs. the revised 3% YoY gain in November, IDEX reports, citing the local Department of Commerce data. Overall sales were up 5% YoY, on our numbers. According to Rapaport, US retailers faced a lack of special 3ct+ polished stones, with less-desirable items building up in inventories in December

Although the solid sales dynamics in the key US downstream market (~53% of the global gem-set jewellery trade) is favourable for sentiment, the diamond market recovery might take longer than we had anticipated, given that there are still elevated midstream inventories in early-2025, according to market participants

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