Morning Bites (part 2)

💍Hong Kong jewellery and watch sales gained 14% YoY in December, vs. the +4% YoY in November, per government data. According to Rapaport, local consumer sentiment remains solid, which would be a supportive factor for sales in the coming months

We maintain our cautious view on the medium-term prospects for a recovery in the global diamond market, 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 geopolitical/trading concerns

#diamonds