Morning Bites (part 5)

💍Hong Kong jewellery and watch sales grew 75% YoY in April, after the 165% YoY surge in March, according to government data. In addition to the resurgence in tourism after HK’s border with the Mainland was reopened in early-2023 (in April, 2.9mn visitors arrived in HK vs. <5k a year ago), the robust recovery was also affected by improved consumer sentiment. Despite some moderate upbeat sentiment in Asia, the impact on the global diamond market, which is still being heavily stressed by adverse macroeconomic conditions, is rather limited

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