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.
FinancialsAug 30, 2018
Signet Opening James Allen Concept Store in DC
It is set to open before the holiday season and will be more high-tech than the jeweler’s other stores.
Signet Jewelers CEO Gina Drosos announced Thursday that the company soon will open the first full-line brick-and-mortar store for online retailer James Allen. Signet acquired James Allen parent company, R2Net, in September 2017.
Akron, Ohio—Signet Jewelers Ltd. CEO Gina Drosos announced Thursday that the company will be opening a James Allen concept store and showroom in Washington, D.C., before the upcoming holiday season.
While the company declined to release specifics on location or exact timing, Drosos did say the store will be more technology-focused than Signet’s current stores.
The opening of a full-line brick-and-mortar location is a first for the online retailer; James Allen does have a showroom on Fifth Avenue in New York City, but that space is by appointment only.
The announcement of James Allen moving into brick-and-mortar came as Signet released its second quarter results Thursday morning.
Signet’s total sales hit $1.42 billion in the 13-week period ended Aug. 4, a 2 percent year-over-year increase. Same-store sales were up 2 percent as well.
In North America, comps rose 2 percent. The company’s same-store sales result includes sales on its own e-commerce sites as well as on JamesAllen.com, which recorded a 25 percent year-over-year increase in sales to $54.4 million.
RELATED CONTENT: Signet Completes R2Net AcquisitionLeading the way among Signet’s brick-and-mortar businesses was Piercing Pagoda, with a same-store sales increase of 12 percent, followed by Zales at 7 percent. Jared the Galleria of Jewelry stores recorded a 1 percent increase in comps, while same-store sales at Kay Jewelers slipped 2 percent.
Bridal and fashion jewelry were the strongest sellers in the quarter, while sales of jewelry classified as “other,” including beads, declined. Signet is phasing out its “Charmed Memories” line of beads sold at Kay stores.
E-commerce sales (including James Allen) totaled $150.3 million, an 83 percent year-over-year increase. Online sales accounted for 11 percent of Signet’s sales in the second quarter.
The increases come as Signet is in the middle of a three-year turnaround plan launched in March and termed the “Path to Brilliance.”
Drosos said the retailer is “encouraged” by the results so far and is “modestly” raising its revenue and earnings guidance for the year. She added, though, that Signet is “remaining appropriately cautious” in its outlook as many of its Path to Brilliance initiatives are being launched later in the year.
Toward the conclusion of Thursday’s earnings call, the Signet CEO was asked about lab-grown gemstones, specifically lab-grown diamonds and if Signet had any interest in carrying them.
While Drosos echoed some of what she told Yahoo Finance in an April interview—that she believes consumers
Editors' Picks
Sponsored by
want a mined diamond for their engagement ring—she did not seemed closed to the idea of Signet carrying lab-grown diamonds in fashion jewelry.
She said there could be some “growing interest” in the fashion jewelry space for lab-grown diamonds, adding: “We will make sure Signet is well-positioned to participate in that space … if customers point us in that direction.”
Her philosophy on man-made diamonds sounds similar to one adopted by De Beers in launching its lab-grown line, Lightbox: lab-grown diamonds belong in lower-priced fashion jewelry given for occasions like graduation and Sweet 16, while mined diamonds are for engagement rings.
She said there could be some “growing interest” in the fashion jewelry space for lab-grown diamonds, adding: “We will make sure Signet is well-positioned to participate in that space … if customers point us in that direction.”
Her philosophy on man-made diamonds sounds similar to one adopted by De Beers in launching its lab-grown line, Lightbox: lab-grown diamonds belong in lower-priced fashion jewelry given for occasions like graduation and Sweet 16, while mined diamonds are for engagement rings.
More on Financials
The Latest
Supplier BulletinApr 23, 2026
JM® Shipping Solution: Smarter Shipping for High-Value GoodsSponsored by Jewelers Mutual
MajorsApr 23, 2026
Charles & Colvard May Sell Assets for $1.5MThe proposed agreement follows the moissanite maker’s Chapter 11 bankruptcy protection filing last month.
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.
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.
Weekly QuizApr 16, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
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.
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.
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.
TrendsApr 20, 2026
Beth Bernstein, Sonia Esther Soltani Pen New Jewelry Book“Jewelry Creators: Dynamic Duos and Generational Gems” highlights the relationships among 22 influential designers, brands, and gem dealers.
Events & AwardsApr 20, 2026
Atlanta Jewelry Show’s Spring Event Is Hitting the RoadThe AJS Spring 2027 show will be held in Savannah, Georgia, with future shows taking place in other Southeast cities.
MajorsApr 20, 2026
Kendra Scott Names New CFO, Chief Business OfficerThe jewelry retailer plans to open 20 new stores this year and expand into new product categories.
TrendsApr 17, 2026
New (Groundbreaking) Floral Jewelry for Spring 2026Flower motifs are the jewelry trend blooming amongst the new collections that debuted this spring.
MajorsApr 17, 2026
QVC Group Files for Chapter 11 BankruptcyThe retailer reported an 8 percent decline in annual sales as it struggles under the weight of billions of dollars of debt.
CollectionsApr 17, 2026
Edina Kiss’ Earrings Are the Devil on Your ShoulderThe “Devil” drop earrings, our Piece of the Week, are part of designer Edina Kiss’ new namesake jewelry line that she will show at Couture.
CrimeApr 17, 2026
FBI Issues Warning to Refineries, Retailers Due to High Price of GoldThe alert states that burglary crews are targeting jewelry businesses and details how jewelers and refineries can protect themselves.
WatchesApr 16, 2026
Cartier Brings Back the RoadsterThe “watchmaker of shapes” debuted the reworked version of the vintage sports car-inspired timepiece at Watches & Wonders.
IndependentsApr 16, 2026
Edge Retail Academy Updates Leadership TeamAs demand for jewelry retail coaching grows, the company has established a dedicated business coaching leadership team.
MajorsApr 16, 2026
Stuller’s Latest Mountings Catalog Is Out NowThe “Mountings 2026-2027” catalog showcases Stuller’s largest and most diverse assortment to date with more than 400 new mounting styles.
PodcastsApr 15, 2026
Episode 4: The Natural Diamond DilemmaSally Morrison and Mark Klein discuss De Beers’ first beacon in 16 years and the mistake the industry made with lab-grown diamonds.
