Richemont delivered stunning holiday quarter performance with luxury jewelry sales up 14%, while Signet reported holiday accessible/mass-market jewelry sales down 2%.
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Collaborations With Target, Wrangler And Barbie Help Kendra Scott Jewelry Do More Good
Brand collaborations have become a really big thing with last year breaking records in collabs and product drops, according to Queue-It, a software company that helps brands manage online traffic.Unlike traditional licensing, which is largely transactional, more narrowly focused and longer term, collaborations lean into the partners’ creativity to bring something new and fresh to […]
Signet Jewelers Makes A Minor Acquisition With Major Implications For Jewelry Retailers
Despite revenues declining 8.1% in the second quarter and 12% on a same-store sales basis, Wall Street rewarded Signet Jewelers for a job well done in what everyone expected would be a tough period.The day before the earnings release on August 31, shares were trading at about $71 and reached almost $80 at the close […]
An Engagement Gap Is Challenging Jewelers: How Three Major Jewelry Brands Will Manage
It’s been three years since the pandemic threw a monkey wrench into the more or less stable wedding market and disrupted the evergreen bridal jewelry business that fine jewelers depend upon.From 2000 to 2019, some 2.2 million weddings took place each year on average. Then couples hit the pause button with lockdowns in place, and […]
VRAI Is Diamond Foundry’s Channel To Make Lab-Grown Diamonds True Luxury
Couples are increasingly choosing a lab-grown diamond for their all-important diamond engagement ring purchase. The Wall Street Journal reported that more than one-third of U.S. couples chose a lab-grown center stone in 2022, based upon a survey conducted by The Knot among nearly 12,000 engaged couples.Younger couples purchase lab-growns at a far higher rate than the […]
