Morning Bites (part 2)

💍LVMH's organic sales of watches and jewellery stood flat YoY in 1Q25, decelerating from the +3% YoY in 4Q24, according to a press release from the retailer. The company’s Watches & Jewellery segment remained stable YoY thanks to Tiffany & Co. performing well, while the continued renovation of LVMH’s jewellery stores also provided a positive impulse to sales

Overall, we maintain our view that it might take longer than we had originally anticipated for the global diamond market to recover, given the still high midstream inventories in early-2025 and the ongoing escalation in the US-China trade war (jointly, they account for ~65% of the world gem-set jewellery trade) affecting consumer confidence

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