Morning Bites (part 1)

💍LVMH has reported 11% YoY growth in the organic sales of watches and jewellery in 1Q23, vs. the 3% YoY increase in 4Q22. According to the company, in jewellery, Tiffany & Co. had a strong start to the year. The popularity of the new collections also continued to grow throughout its worldwide rollout. However, despite the accelerating YoY growth rate in 1Q23, we note the still adverse macroeconomic conditions which are underpinning the risks to global jewellery demand, and could be a limiting factor for diamond demand

#diamonds
https://metals-wire.com/sector/Diamonds