Morning Bites (part 2)

💍LVMH's organic sales of watches and jewellery increased 6% YoY in 3Q26, compared with the 11% YoY gain in 2Q26, per a company press release. LVMH pointed to softer market conditions in China, contrasting with solid sales growth in the US, Europe and Japan, while also highlighting persistent economic and geopolitical uncertainty globally

We maintain our cautious view on the prospects for a broader recovery in the global diamond market in 2H26-1H27. The pending sale or spinoff of De Beers by Anglo American leaves the company’s future strategy and approach to supply discipline uncertain until the transaction is completed. A sustained market recovery is therefore unlikely before the ownership situation is resolved, while restoring market discipline and pricing power could take several years

#diamonds