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Morning Bites (part 1)

💍US jewellery sales were down 2% YoY in October, after the 1% YoY increase in September. As a result, this was the first negative YoY indication since May 2020, when COVID lockdowns were affecting the industry. Overall, the results were in-line with the negative preliminary figures. The latter underpins our concern that the ongoing global economic slowdown will pose risks to jewellery sales and diamond demand

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