“What we’ve been in a position to do actually successfully is to maintain our ATVs up, each on natural diamonds and on lab-created,” Drosos stated within the earnings name. The linchpin of Signet’s development technique is diamond jewelry, a market estimated by Statista to have totaled $47.7 billion in 2022, representing over half of the $81.eight billion consumers spent on jewellery last 12 months. Signet Jewelers SIG , the jewellery market share leader with its Kay Jewelers, Zales, Jared, Diamonds Direct, Blue Nile and 5 other banners, hit a good rougher patch. Through October, its year-to-date sales are down 9.7%, from $5.2 billion to $4.7 billion this year, with sales off 12.4% in its most recent third fiscal quarter.

• At the end of final yr Audemars Piguet unveiled a limited version of its iconic Royal Oak model co-designed in collaboration with rapper Travis Scott and his report label, Cactus Jack.