Rumored discounts reflect diamond market’s difficult situation.
Colored Diamonds to Steal Spotlight at Sotheby’s New York
Fancy-pink diamond estimated at up to $2 million, while blue has $1.8 million upper price.
Signet Jewelers’ new CEO, J.K. Symancyk, has unveiled plans for reviving the company’s sales and profitability following a few disappointing quarters. Speaking to investors on an earnings call last Wednesday, he outlined a focus on brands, a careful balance between natural and lab-grown diamonds, and an operational restructuring, as well as store closures and revamps.
The purpose of the new strategy, “Grow Brand Love,” is to accelerate growth and improve value for shareholders, shifting the focus to Signet’s brands, expanding market share in core areas such as bridal and growing it in adjacent areas, notably everyday jewelry.
“It requires a relentless focus by our team to grow through style and product innovation, captivating experiences and…
Fancy-pink diamond estimated at up to $2 million, while blue has $1.8 million upper price.
Sales in America up 14% for full year.
Jewelers of America (JA) chief financial officer will succeed Terry Chandler in role.
Rumored discounts reflect diamond market’s difficult situation.
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