Morning Bites (part 1)

💍According to MasterCard SpendingPulse, preliminary US jewellery sales shrank 4% YoY in October, after the 1% YoY increase in September. Of note, if these estimates materialise, October will show negative YoY dynamics for the first time since May 2020. Meanwhile, we reiterate our concern that the currently unfavourable economic conditions pose risks to jewellery sales and diamond demand. In addition, luxury goods sales (excluding jewellery) are also expected to be down 9% YoY in October

#diamonds
https://metals-wire.com:3000/news-reports