Company will revive new acquisition and position it as a luxury, entry-level sibling business.

Revenue up 0.2% from the previous month to $722.7 billion.

Items costing less than $5,000 showed strongest consumer demand.

New locations are part of efforts to reach expat consumers living abroad.

Select Equity Group, which holds nearly 10% of jeweler’s stock, feels company has made mistakes.

Revenue from jewelry, watches, clocks and valuable gifts down 18% year on year for the month.

Daniel Bracken, who had been with the company since 2018, suffered an adverse reaction to medical treatment.

Upscale retailers had a strong holiday season amid growth in top earners’ spending, though they remain hesitant about investing in diamond inventory.

Company also launches new “Portraits of True Brilliance” campaign.

Revenue down 0.7% in first half, when higher-value gift-buying mostly offset weak overall demand.