PodcastsOct 21, 2026
Episode 10: This Episode Is Haunted Diana Singer shared the stories of two “cursed” diamonds on this month’s podcast, which was inexplicably riddled with technical issues.
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
IndependentsOct 21, 2026
Gardner-Collier Jewelry to Close After 9 Decades in BusinessThe family-owned jeweler has three locations across Missouri and Iowa.
SourcingOct 21, 2026
Venetia Mines Final Carats Ahead of 2-Year ShutdownThe De Beers-owned diamond mine in South Africa is being put on ice as part of a round of previously announced cost-cutting measures.
Brought to you by
A Diamond Is Forever Launches 2026 Holiday Campaign Championing Natural DiamondsA Diamond Is Forever's holiday campaign reimagines natural diamond icons for a new generation celebrating individuality.
CollectionsOct 21, 2026
Helzberg, Nordstrom Carrying New Jewelry Collection From Off-WhiteThe collection centers designs with clean geometric lines, chunky sculptural pieces, and recognizable details from the luxury fashion brand.
Weekly QuizOct 15, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SourcingOct 21, 2026
Gemfields’ Mixed-Quality Ruby Auction Earns $52MThe miner said it saw particularly strong prices for larger, fine-quality rubies at the sale.
CrimeOct 20, 2026
Security Guard Charged With Murder in Shooting at Texas MallThe guard opened fire on a man who was smashing a jewelry display case at La Gran Plaza in Fort Worth last week, police said.
Brought to you by
Open an Account, Get $50 Off Your First Order. No Code Needed.Built on Relationships. Refined by Craft.
IndependentsOct 20, 2026
David Gardner’s Jewelers Unveils Newly Expanded, Revamped ShowroomThe Texas jeweler added 2,000 square feet to its reimagined showroom, complete with a new design studio and an event space.
SourcingOct 20, 2026
The $50M Victoria’s Secret ‘Fantasy Bra’ By The NumbersJacob & Co.'s diamond masterpiece is the most expensive Fantasy Bra ever worn on the Victoria’s Secret Fashion Show runway.
CollectionsOct 20, 2026
Mignon Faget’s Collection Chooses Handmade Over AIThe “Atelier” collection was inspired by the tools, rituals, and objects in an artist’s studio as a quiet rebuttal to an automated world.
MajorsOct 19, 2026
The Knot to Acquire Rival Wedding Planning Platform ZolaThe pending acquisition is an “exciting opportunity” for wedding vendors to grow their business, said The Knot Worldwide’s CEO.
SourcingOct 19, 2026
Jewelry Design Competition Show Airs in Thailand"The Secret Gems" features eight Thai jewelry brands paired with a team of young craftspeople who create jewelry together to win challenges.
CollectionsOct 19, 2026
John Hardy Enters the Medallion Chat With Talisman Collection The brand’s “Modern Talisman” capsule collection introduces pendants inspired by the mythology, natural world, and spiritual ethos of Bali.
IndependentsOct 19, 2026
The Stories of 5 Jewelers Celebrating Their Centennials in 2026Independent jewelers from New Mexico to New Jersey answer the question: What has kept your store in business for 100 years?
SurveysOct 16, 2026
How Inflation, Gas Prices Will Affect Holiday Sales The NRF is expecting holiday sales to increase this year, but consumers and retailers alike are facing Grinch-like headwinds.
CollectionsOct 16, 2026
Christina Puchi’s Earrings Hold the UniverseOur Piece of the Week gathers the planets, represented by a variety of colored gemstones, in a pair of 14-karat yellow gold earrings.
IndependentsOct 16, 2026
Reeds Jewelers Expands, Relocates FlagshipThe New York-based jeweler is moving its Amherst flagship store to a larger location in nearby Snyder.
MajorsOct 16, 2026
Katy Chen Appointed Executive Vice President of Graff USA Chen, who worked at Cartier and Tiffany & Co., will lead retail sales and operations for the luxury jeweler’s 11 U.S. stores.
IndependentsOct 15, 2026
Retailer Hall of Fame 2026: Amy and Elise Greenberg For 40 years, sisters Amy and Elise Greenberg have helmed their 126-year-old family business, leading with appreciation and integrity.
ColumnistsOct 15, 2026
Peter Smith: What Is the Culture REP?It’s a term Smith coined and felt compelled to share following a bad experience with an aborted flight and an unfeeling flight attendant.
WatchesOct 15, 2026
Stephanie Gottlieb’s New Movado Watches Are Made for Your Wrist StackMovado teamed up with the New York-based fine jewelry designer on a new collection of Movado Museum Velura watches.
SourcingOct 15, 2026
Signet Jewelers, Richemont May Join Bidder for De Beers, Report SaysThe two companies are reportedly in talks to join the Global Diamond Consortium, led by former De Beers CEO Gareth Penny, as per Bloomberg.
CollectionsOct 15, 2026
Wolf x Marla Aaron's New Jewelry Box Is for Some (Not All) of Your ThingsThe “Some of the Things” box follows the two larger “Everything” box designs with the look and function of antique sewing and toolboxes.
IndependentsOct 14, 2026
Retailer Hall of Fame 2026: Coleman and Mitchell ClarkFourth-generation jewelers Coleman and Mitchell Clark exemplify the best qualities of their predecessors: humility, modesty, and confidence.
SourcingOct 14, 2026
Manuel Marcial de Gomar, ‘The Emerald Whisperer,’ Dies at 90The gem hunter, whose 70-year career was defined by adventure and exploration, is remembered for his steadfast faith and sense of wonder.
Events & AwardsOct 14, 2026
Chicago Responsible Jewelry Conference Releases 2026 ProgramThis year’s sessions feature leading voices from human rights, legal, and conservation organizations.
