Morning Bites
 
💍LVMH's organic sales of watches and jewellery increased 11% YoY in 2Q26, compared with the 7% YoY gain in 1Q26, the company revealed in a press-release. LVMH reported solid first‑half results, while stressing that its operating environment remains unsettled and further strained by the conflict in the Middle East

We maintain our cautious view on the prospects for global diamond market recovery in 2026. Risks to supply discipline remain, as Anglo American's planned sale or spinoff of De Beers undermines market participants' confidence in price-over-volume strategy. Meanwhile, geopolitical concerns keep weighing on consumer sentiment

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