Morning Bites (part 2)

💍Richemont's Jewellery Maisons segment sales grew 7% YoY in 2Q25, vs. the +12% in 1Q25, according to a press-release from the retailer. Richemont highlighted the increase in sales across most regions, except for Japan with higher comparative base

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