Morning Bites (part 2)

💍US preliminary jewellery sales dropped further, being down 4% YoY in November, after the 2% YoY fall in October, as consumers preferred more travelling and eating out. In addition, ex-jewellery luxury sales were also down 3.1% YoY last month. We reiterate our view that the slowdown in US jewellery sales, were it to persist, would be an unfavourable factor for short-term demand for rough diamonds

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