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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 […]

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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, […]

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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 […]

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Pandora Proves It Is More Than Charms With A New Lab-Grown Diamond Jewelry Collection

Pandora Jewelry is the world’s largest jewelry brand, generating some $3.2 billion last year by selling over 102 million pieces of jewelry in 100+ countries through 6,800 points of sale, including some 2,400 of its own stores. It became what it is today by reimaging the classic charm bracelet in 2000, which remains the company’s […]

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Blue Nile To Become Another Jewel In Signet Jeweler’s Crown

Signet Jeweler just announced it signed a definitive agreement to acquire Blue Nile, a pioneering digital disruptor in the diamond jewelry business, founded in 1999. With the $360 million cash deal expected to close in the third quarter, Blue Nile brings a war chest of over 650,000 diamonds, more than three million online customers and […]

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