Morning Bites (part 1)
 
💍LVMH's organic sales of watches and jewellery rose 8% YoY in 4Q25, vs. the 2% YoY gain in 3Q25, according to a press-release from the retailer. The company noted solid performance of its high end jewellery collections

Despite some improvement in the performance of retailers in 2025, we maintain our cautious view on the prospects for global diamond market recovery (at least in 2026), 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 global trade disputes

#diamonds