Morning Bites

💍LVMH's organic sales of watches and jewellery rose 7% YoY in 1Q26, vs. the 8% YoY gain in 4Q25, a company press-release revealed. LVMH noted solid performance in its jewellery segment, but highlighted risks to the business environment amid escalation of the Middle East conflict

We maintain our cautious view on the prospects for global diamond market recovery in 2026. Risks to supply discipline persist as Anglo American is disrupting the price-over-volume strategy amid the planned sale or spinoff of De Beers. Meanwhile, geopolitical/trading concerns have the potential to disrupt trade and negatively affect consumer sentiment

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