Morning Bites (part 2)

💍Hong Kong jewellery and watch sales surged 165% YoY in March, following the 129% YoY growth in February. According to government data, monthly sales in March reached their highest since January 2020. In addition to the low base effect from Covid-19 restrictions (e.g. Hong Kong’s border with the Mainland was only reopened in February 2023), the robust recovery was also driven by improved consumer sentiment. In our view, this might slightly support demand, though the impact is limited

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