Morning Bites (part 1)

💍Richemont's Jewellery Maisons segment sales grew 6% YoY in 4Q25, vs. the 12% YoY gain in 3Q25, per a company press-release. Richemont highlighted continuous strength in demand in its Watch & Jewellery segment

Despite some improvement in the performance of retailers, we maintain our cautious view on the medium-term prospects for global diamond market recovery, given the risks to supply discipline related to Anglo American's planned sale of De Beers (which is currently disrupting the price-over-volume strategy), as well as concerns about a global trade war

#diamonds