“What we’ve been capable of do really effectively is to maintain our ATVs up, both on pure diamonds and on lab-created,” Drosos stated within the earnings name. The linchpin of Signet’s progress strategy is diamond jewelry, a market estimated by Statista to have totaled $47.7 billion in 2022, representing over half of the $81.eight billion customers spent on jewelry final year. Signet Jewelers SIG , the jewellery market share chief with its Kay Jewelers, Zales, Jared, Diamonds Direct, Blue Nile and 5 other banners, hit an even rougher patch. Through October, its year-to-date gross sales are down 9.7%, from $5.2…
