Policies & IssuesApr 28, 2026
Tariff Refunds: How to File, What to Expect Importers can submit claims now to receive money back for the IEEPA tariffs they’ve paid, with refunds expected to take up to 90 days.
FinancialsMay 26, 2016
Signet Sees Same-Store Sales Rise 2% in First Quarter
Despite a “choppy” retail environment, the company saw comps and total sales increase on the strength of its Ever Us collection, diamond fashion jewelry and select branded bridal.
One of the rings in Signet Jewelers Ltd.’s “Ever Us” collection of two-stone jewelry. The collection continues to be a success for Signet, and CEO Mark Light said in its first quarter conference call that they were testing out line extensions in time for the holiday season.
Hamilton, Bermuda--Signet saw positive growth in its first quarter of the fiscal year, with comps and total sales both increasing, due in large part to the success of its Ever Us two-stone line, diamond fashion jewelry and select branded bridal.
Same-store sales in the three-month period ended April 30 grew by 2 percent, while total sales were up 3 percent to $1.58 billion (a 4 percent increase on a constant-exchange-rate basis).
In a conference call Thursday morning, CEO Mark Light said that the company is testing a number of extensions to its successful Ever Us line, including new diamond ring styles as well as bracelets and necklaces, in time for the holiday season.
The company also is testing a collection of Vera Wang fashion diamond jewelry and pearl jewelry, joining the trend of jewelry companies collaborating with established fashion brands on designs.
Additionally, Signet is “resetting” its Pandora presentation, Light said, with new shop-in-shops. The company will release a television advertising campaign behind the brand in the fourth quarter.
Signet also is rolling out its Chosen Diamond program, which kicked off last fall and allows customers to trace the journey of their diamond from mine to market, to all stores, and will bring new technology to its stores that will allow “clienteling,” as Light referred to it, for employees to establish relationships and engage customers based on their previous purchase history and profile.
By division, Sterling’s same-store sales in Q1 were up 2 percent on the strength of select branded bridal jewelry as well as fashion jewelry, Charmed Memories and lower-priced promotional items that drove transactions. Total sales for Sterling in the three-month period rose 4 percent to $980.4 million.
The Zale Division also saw comps increase nearly 3 percent on diamond fashion jewelry and branded bridal as well as lower-priced promotional items, while sales hit $450.4 million, a 3 percent increase compared with the year-earlier period. Total sales for Zale’s U.S. jewelry division rose 4 percent to $330 million.
The company said that Sunday (May 29) marks the two-year anniversary since the close of the acquisition of Zale, and notes that the “integration continues to go extremely well across all aspects of our business.”
Meanwhile, e-commerce sales for Signet in the first quarter were $80.1 million, making up 5 percent of total sales. This is a $3.2 million increase compared with the prior-year period.
The
Editors' Picks
Sponsored by
company reaffirmed its annual guidance for the year, noting that it expects same-store sales growth of between 1 percent and 2 percent in the second quarter, and an increase in comps of 2 to 3.5 percent for the full year.
More on Financials
The Latest
IndependentsApr 28, 2026
This North Carolina Jeweler Is Passing the TorchThe owners of Gregory Jewelers in Morganton, North Carolina, are heading into retirement.
SourcingApr 28, 2026
Doug Hucker Retires From ICAThe colored gemstone industry leader is heading into retirement after four years as the association’s CEO.
Brought to you by
Discover Timeless Treasures: A Showcase of Antique Jewelry & Timepieces in Las VegasGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
SourcingApr 28, 2026
NDC Hires Tapestry Exec to Head Global Marketing Susie Dewey joins the Natural Diamond Council as its new chief marketing officer.
Weekly QuizApr 23, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
AuctionsApr 27, 2026
12 Years Later, the ‘Ocean Dream’ Diamond Resurfaces at Christie’sThe largest known fancy vivid blue-green diamond could fetch more than $12 million at its second auction appearance.
ColumnistsApr 27, 2026
Stop Treating Mother’s Day Like an AfterthoughtEmmanuel Raheb says jewelers need to start marketing early and make it easy for customers to pick a gift for mom.
Brought to you by
Las Vegas Antique Jewelry & Watch Show: Showcasing the Most Collectible Merchandise from Across the GlobeGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
IndependentsApr 27, 2026
Longnecker Jewelry Celebrates 30 YearsIn honor of the milestone, the Nebraska jeweler has debuted Leslie & Co., its new in-house jewelry brand.
MajorsApr 27, 2026
JBT Re-Elects Jeff Corey as Board ChairThe trade organization, which held its annual elections earlier this year, also added five new board members.
SurveysApr 24, 2026
Mother’s Day 2026 Jewelry Spending to Top $7B, NRF SaysNRF’s annual survey found that 45 percent of consumers plan to purchase jewelry for a loved one this Mother’s Day.
TechnologyApr 24, 2026
TwentyFour’s Digital-Age Locket Is a Virtual VaultThe “Vault” charm, our Piece of the Week, expands on the memories that can be stored in a locket by connecting to your phone.
Events & AwardsApr 24, 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.
IndependentsApr 23, 2026
Meet the Real Moms of Day’s JewelersThe jeweler’s Mother’s Day campaign highlights the women who work there—mothers, grandmothers, women who want to be mothers, and dog moms.
Supplier BulletinApr 23, 2026
JM® Shipping Solution: Smarter Shipping for High-Value GoodsSponsored by Jewelers Mutual
Lab-GrownApr 23, 2026
Charles & Colvard May Sell Assets for $1.5MThe proposed agreement follows the moissanite maker’s Chapter 11 bankruptcy protection filing last month.
AuctionsApr 23, 2026
John Jacob Astor IV’s Titanic Pocket Watch Fetches $1MThe Patek Philippe for Tiffany & Co. timepiece Astor brought aboard the ill-fated ship sold for double its estimate at a Freeman’s auction.
CollectionsApr 23, 2026
Adam Neeley’s High Jewelry Collection Steps Into Salvador Dalí’s GardenThe “Dalí’s Garden” collection was inspired by a surreal dream Neeley had after cooking a recipe from Salvador Dalí’s 1973 cookbook.
IndependentsApr 23, 2026
Windsor Jewelers Names New Buying DirectorNatalie Feanny has been appointed to the role.
CrimeApr 22, 2026
New Mexico Couple Pleads Guilty to Selling Fake Native American JewelryThe pair falsely claimed their jewelry was made by Navajo artists, but it was imported from Vietnam.
AuctionsApr 22, 2026
Roberta Flack’s Jewelry Is Going Up for AuctionJulien’s Auctions is selling the musician’s fine and fashion jewelry alongside her clothing, gold records, and other memorabilia.
CollectionsApr 22, 2026
British Museum Curator Pens Book on ‘The Tudor Heart’Rachel King’s book dives into the history of the pendant believed to have belonged to Henry VIII and his first wife, Katherine of Aragon.
Events & AwardsApr 22, 2026
Here’s What Sy Kessler Has on Tap for Las Vegas The company will have deals on precious metals testers as well as the latest in lab-grown diamond detection technology and security.
WatchesApr 21, 2026
Coco Chanel Enters the Game with New Watch CollectionGabrielle “Coco” Chanel is a character in the “Coco Game” collection of watches and the queen in its first haute horlogerie chessboard.
IndependentsApr 21, 2026
Meet Jewelers of America’s 2026 ‘20 Under 40’ ClassThe annual list honors rising professionals on the retail and supply sides of the jewelry industry.
CrimeApr 21, 2026
Customs Nabs 1,500 Pieces of Counterfeit Jewelry Bound for NYCSeized in Kentucky, the packages include fake Cartier, Tiffany & Co., Chanel, and Fendi jewelry.
CrimeApr 20, 2026
Queens Man Convicted in Bludgeoning Death of Pawn Shop OwnerRodolfo Lopez-Portillo faces 25 years to life in prison after being found guilty in the March 2022 beating death of Arasb Shoughi.
