ColumnistsJul 21, 2026
Sherry Smith: Shattering the Illusion of the ‘Either/Or’ Diamond MarketSmith offers retailers guidance on creating an environment where natural and lab-grown diamonds can both thrive.
FinancialsAug 27, 2015
Signet comps up 4 percent in Q2
Boosted by the continued integration of Zale and a strong performance from bridal jewelry, Signet reported an increase in both same-store sales and total sales in the second quarter on Thursday.
Hamilton, Bermuda--Signet Jewelers Ltd. reported Thursday that its second quarter comps were up 4 percent year-over-year, as all selling channels saw strong and consistent sales growth.
Total sales in the quarter ended Aug. 1 surged ahead 15 percent to $1.41 billion as the company’s continued integration of Zale further boosted its performance.
Signet CEO Mark Light said in the earnings call that diamond jewelry was particularly strong for the company during the period, noting that the bridal category grew faster than Signet’s overall rate of growth.
He specifically mentioned bridal brands Neil Lane, Vera Wang Love, and Tolkowsky as “standouts,” as well as its non-branded bridal portfolio. Light also noted the continued momentum of its Diamonds in Rhythm, Unstoppable Love and solitaire diamond earrings programs.
For the company’s Sterling division, which includes Kay Jewelers and Jared the Galleria of Jewelry, same-store sales were up 3 percent and total sales were up nearly 6 percent over the year-earlier period to $858.5 million.
Individually, Kay and Jared posted same-stores sales growth of 4 percent and 3 percent, respectively.
Signet attributed this performance to “broad-based” increases across store banners, product brands and non-brands, as well as omnichannel. Bridal and diamond jewelry also did well for the division in the second quarter.
The average transaction price at Sterling increased by 4 percent, even as the number of transactions was down 3 percent due mainly to merchandise mix.
The Zale division, which was acquired in May 2014, pulled out a stronger performance, with comps increasing by 6 percent in the second quarter and total sales rising by 57 percent, reaching $389.3 million.
Signet said that sales-related drivers for Zale included sales associate training, branded bridal, branded diamond fashion jewelry, targeted promotional events and new marketing efforts.
The second quarter of fiscal 2016 marked the 23rd consecutive quarter of positive comps for Sterling Jewelers, while Zale also has been consistently posting positive numbers.
Signet said that it expects same-store sales growth of between 3 percent and 4 percent in the third quarter, and a strong performance going forward based on a number of new initiatives. The company will launch a partnership with Alex and Ani in the fall to drive traffic, testing the brand in 108 Jared stores beginning in mid-September.
It also will launch a “Chosen Diamonds” program in 60 Jared stores this fall, meant for the “sentimental customer” as it
Editors' Picks
Sponsored by
provides documentation of a stone from rough to polished so that every consumer knows the steps their stone went through.
Signet operates more than 3,600 stores throughout all divisions across North America and the U.K.
More on Financials
The Latest
Events & AwardsJul 21, 2026
Apollo Funds Completes Emerald AcquisitionFormer Emerald President and CEO Hervé Sedky has transitioned to the role of senior advisor.
CollectionsJul 21, 2026
Graff’s New Butterfly High Jewelry Brooches MetamorphosizeThe 12-piece capsule collection transforms from brooches to pendants.
Brought to you by
Wedding Band Trends 2026: Personalization Takes Center StageColored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.
SourcingJul 21, 2026
Anglo Reportedly Selects Gareth Penny’s Consortium as Top Bidder for De BeersA Botswana government official told lawmakers Anglo has selected The Global Diamond Consortium, an entity chaired by Penny, to buy De Beers.
Weekly QuizJul 17, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Policies & IssuesJul 20, 2026
Tariffs on Brazil to Increase But Rough Gemstones ExemptThe new tariff, imposed after a Trump administration study, is 25 percent and will stack on top of existing tariffs.
CollectionsJul 20, 2026
Vhernier Transforms ‘Freccia’ Collection Into High JewelryThe collection from 2014 has been reinterpreted into high jewelry with its signature triangular-shaped elements.
Brought to you by
Building the Future of Jewelry Retail: DCA Expands Education, Leadership Development, and Workforce SolutionsDCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.
MajorsJul 20, 2026
Krista Collins Walters Promoted to Publisher of InstoreShe will also take on the role of vice president of jewelry for SmartWork Media, a newly created position.
Events & AwardsJul 20, 2026
TJS Accepting Speaker Proposals for 2027 EventOrganizers are looking for presentations on topics like manufacturing, technology and research, bench work, gemstones, and sustainability.
CollectionsJul 17, 2026
HOWL Taps Shailene Woodley for ‘Home Sweet Home’ CampaignWoodley is seen in the campaign wearing our Piece of the Week, the “Frida” collar featuring 13 pieces of hand-carved Venetian glass.
SourcingJul 17, 2026
U.K. Woman Pays £5 for £15K Diamond Ring at Car Boot SaleA WeBuyVintage jewelry expert uncovered how much the flea market find was actually worth.
SourcingJul 17, 2026
Diamond Dealer Jeff Pancis Pens MemoirThe founder of natural colored diamond wholesaler Pancis Gems shares stories from his five decades in the industry.
Events & AwardsJul 17, 2026
Gem Awards Opens 2027 Nomination PeriodSubmissions for the milestone 25th annual Gem Awards will be accepted across three categories from now through July 31.
EditorsJul 16, 2026
Q&A: Guzema’s Co-Owners On Its US Expansion, 10-Year AnniversaryValeriya Guzema and Mariana Lenha look back on the last decade and discuss the Ukrainian brand’s first U.S. store.
SourcingJul 16, 2026
Ekati to Close, Leaving Canada With One Diamond Mine The diamond mine, which opened nearly 30 years ago in Canada’s Northwest Territories, is expected to shut down by mid-August.
Events & AwardsJul 16, 2026
MJSA Mentor & Apprenticeship Program Certifies First Advanced Apprentice GraduateThe graduate, Grace Barden, credited the program with helping her secure a job as a bench jeweler.
Events & AwardsJul 16, 2026
Jewelers of Louisiana to Host 80th ConventionThe event, scheduled for next month in New Orleans, will include dinner, a custom jewelry design contest, and education sessions.
SourcingJul 15, 2026
1,305-Carat Diamond Recovered from Mine in BotswanaThe yet-to-be named stone is the 10th diamond weighing more than 1,000 carats to come out of Lucara’s Karowe mine.
IndependentsJul 15, 2026
New Jersey Jeweler Barry Berman Dies at 81The founder of Fords Jewelers, Berman is remembered for his love of connecting with his community.
Events & AwardsJul 15, 2026
Hamptons Jewelry Show to Return in JulyThe open-to-the-public luxury jewelry and timepiece show, in its second year, is slated for July 23-26.
CollectionsJul 15, 2026
Pomellato’s New High Jewelry Is LiberatingBold color, expressive gem-setting, and sculptural form define the three chapters that make up “Stile Libero.”
IndependentsJul 14, 2026
Foundrae Opens First Standalone Store Outside USThe New York-based jewelry brand has expanded overseas, opening a store in London’s Mayfair district.
ColumnistsJul 14, 2026
Sherry Smith: What Today’s Jewelry Consumer Is Telling Us Rising revenue does not automatically mean a healthy business, particularly in the current economic landscape, Smith writes.
TrendsJul 14, 2026
Amanda’s Style File: Shoulder Dusters These long, fluid drop earrings are sure to catch the eye.
CrimeJul 14, 2026
Man Charged in $1M Jewelry Store Heist Lands on FBI Most Wanted ListAlberto Perez-Elias is one of four men charged with robbing a Cape Coral, Florida, jewelry store and is the only one still at large.
Events & AwardsJul 14, 2026
Conference on Mining, Sustainability Kicks Off in NYCInitiatives in Art and Culture is hosting its 16th annual Gold and Diamond Conference, with the theme of “Resilience.”
