Morning Bites (part 2)

💍Richemont's Jewellery Maisons segment sales grew 12% YoY in 1Q25, vs. the +14% in 4Q24, according to a press-release from the retailer. Richemont highlights notable improvement in the Jewellery Maisons business unit in 4Q24-1Q25, where the slowdown in Asia Pacific sales is being offset by higher demand from the company's Japan and Americas regions

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. Meanwhile, further de-escalation of the US-China trade war (jointly, they account for ~65% of the world gem-set jewellery trade), if materialised, might become a favorable factor for consumer confidence

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