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“What we’ve been in a place to do really successfully is to maintain our ATVs up, each on pure diamonds and on lab-created,” Drosos stated in the earnings name. The linchpin of Signet’s progress technique is diamond jewellery, a market estimated by Statista to have totaled $47.7 billion in 2022, representing over half of the $81.eight billion shoppers spent on jewelry final 12 months. Signet Jewelers SIG , the jewellery market share chief with its Kay Jewelers, Zales, Jared, Diamonds Direct, Blue Nile and five other banners, hit a fair rougher patch.
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