Signet
Signet Jewelers, one of the world’s largest jewellery retailers, operates major UK brands including H. Samuel and Ernest Jones, making it a key player in the British jewellery trade. Its scale, strategic decisions, and financial performance have significant implications for suppliers, competitors, and the wider industry.
Jewellery Focus provides in-depth coverage of Signet’s UK operations, including store developments, leadership changes, market strategies, and financial results. Our reporting helps jewellery professionals understand how Signet’s activities influence retail trends, supply chain relationships, and consumer expectations across the sector.
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Sep- 2021 -7 SeptemberRetailers
Signet Q2 revenues soar 101%
Signet Jewellers, the global diamond jewellery retailer, saw its Q2 FY22 sales soar 101% year-on-year to $1.79bn (£1.3bn). Same store sales during the 13 week period ended 31 July 2021 also climbed 97.4% year-on-year and 38.1% when compared to the same period in FY20. The group also reported a swing…
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Aug- 2021 -23 AugustRetailers
Signet Jewelers launches charity foundation
Signet Jewelers has announced that it has launched a new charity initiative, Love Inspires Foundation to support women and children, and social change advocacy. The foundation will aim to support people through grants in countries that it operates in and also provide matching gifts to qualified non-profit organisations. Virginia C…
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4 AugustRetailers
Signet Jewellers renegotiates £1bn ABL facility
Signet Jewellers has announced that it has reached a deal to renegotiate its $1.5bn (£1bn) asset based lending (ABL) facility in a move to wind up the sale of its credit portfolio. The new deal extends the group’s ABL facility by nearly two years until July 2026 with terms that…
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Jul- 2021 -21 JulyManufacturers
Deakin & Francis announces SMO gold partnership
Deakin and Francis, the family-owned jewellery firm, has announced a partnership with Single Mine Origin (SMO) to provide its customers with responsibly sourced gold. Through the partnership, all Deakin and Francis’ manufactured signet rings will be crafted with SMO certified gold. SMO gold was launched in 2018 through a joint…
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20 JulyRetailers
Signet joins Paradigm for Parity coalition to advance gender equality
Global diamond retailer Signet Jewelers has announced its commitment to the Paradigm for Parity coalition in a bid to advance gender parity in corporate leadership. The movement intends to achieve full gender equality in corporate leadership by 2030 via a five-point action plan. Included in the plan are efforts to…
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Jun- 2021 -11 JuneRetailers
Signet Q1 revenues spike 98.2% to £1.2bn
Signet Jewelers, the diamond jewellery retailer, saw its revenue spike 98.2% year-on-year to $1.69bn (£1.19bn) for the 13 weeks ended 1 May 2021 (FY22). The group’s sales also outperformed its pre-pandemic levels, climbing over $250m (£177m) from $1.43bn (£1bn) in Q1 FY20. Moreover, the group swung to a $168m operating…
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May- 2021 -10 MayProduct Launches
Tiffany and Co launches debut male engagement ring
Tiffany and Co has revealed the launch of its debut men’s engagement ring, The Charles Tiffany Setting. Featuring a “bold solitaire diamond”, the ring is named after the group’s founder Charles Lewis Tiffany, who in 1886 created the women’s solitaire diamond engagement ring. The ring will be available in emerald-cut…
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7 MayTrade Organisations
RJC reveals board member election results
The Responsible Jewellery Council (RJC) has named a raft of new appointments to its board and committees at the organisation’s recent annual general meeting (AGM). Each elected director has been appointed to represent a respective forum in the jewellery and watch supply chain. David Bouffard, of Signet Jewelers, and Peter…
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Apr- 2021 -8 AprilRetailers
Signet acquires subscription platform Rocksbox
Diamond retailer Signet Jewelers has announced the acquisition of Rocksbox, a jewellery rental subscription platform for an undisclosed sum. Driven by the group’s “inspiring brilliance” strategy, the deal will provide Signet with a foothold and accelerated growth in the growing online service. Founded in 2012, Rocksbox allows subscribers to rent…
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Mar- 2021 -18 MarchRetailers
Signet Jewelers operating income drops £116m
Signet Jewelers has announced that its total operating income for the fiscal year 2020 dropped to $156.4m (£112m) from $318.3m (£228m) as a result of continuous trading disruptions from the Covid-19 pandemic. The group which operates brands such as H. Samuel and Ernest Jones, saw its total sales for the…
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