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Signet Jewelers' First Quarter Results Exceed Expectations

Signet Jewelers Limited ("Signet") (NYSE: SIG), the world's largest retailer of diamond jewelry, recently announced its results for the 13 weeks ended May 1, 2021 ("first quarter Fiscal 2022").
"Our strong first quarter results demonstrate the momentum we are building as we continue Signet's transformation," said Virginia C. Drosos, Chief Executive Officer. "Thank you to all our team members for their relentless dedication to our customers and each other, and for embracing new capabilities with excellence as we drive innovation and sustainable long-term growth."
"We delivered strong performance across our portfolio. While the jewelry category is experiencing meaningful growth, we are outpacing market growth and gaining share consistent with our Inspiring Brilliance strategy. Specifically, we are winning in our biggest banners through consumer-inspired differentiation, as evidenced by double-digit revenue growth in both Kay and Zales versus this time two years ago. We are successfully beginning to stretch the top and bottom boundaries...
 
ALROSA launches new phase of its digital transformation in production
ALROSA has launched a new phase of its digital and operational transformation to improve the efficiency of its production assets. The project envisages combining the management teams of the Mirny and Nyurba Divisions. This move will enable the Company to manage its assets more efficiently...
 
Diamonds Do Good Invites GSI President and Co-Founder Debbie Azar to Join Board
Diamonds Do Good (DDG) unanimously approved Debbie Azar, President and Co-Founder of Gemological Science International (GSI), one of the largest gemological organizations in the world, to join its Board of Directors. Diamonds Do Good is committed to empowering communities in which natural diamonds...

 
Jonathan Kendall joins Opsydia as Non-Executive Director
Leading diamond security specialist, Opsydia, has welcomed former De Beers Group Senior Executive, Jonathan Kendall, to its non-executive Board of Directors, starting immediately. In his new role, Kendall will contribute towards Opsydia’s international strategy and will use his significant experience and expertise...
 
IGI Uncovers Largest Misrepresented Lab-Grown Diamond
The International Gemological Institute (IGI), the world’s largest independent gemological laboratory, recently analyzed and graded a 6.18 carat round brilliant-cut, loose stone and established it was a lab-grown diamond at its Thailand location. The stone was submitted for verification purposes, and came with...
 
 
Grib Diamonds Adopts The Sarine Diamond JourneyTM Traceability Program
Singapore Exchange Mainboard listed Sarine Technologies Ltd (“Sarine” and along with its subsidiaries “the Group”) (U77:SI), a worldwide leader in the development, manufacturing, marketing and sale of precision technology products for the evaluation, planning, processing, measurement, grading and trading...
 
Asia’s largest jewellery retailer, Chow Tai Fook, joins CIBJO, the World Jewellery Confederation, as new member
CIBJO, the World Jewellery Confederation, has announced that its Board of Directors has confirmed the membership of the Chow Tai Fook Jewellery Group. Founded in 1929, the Hong Kong-headquartered group’s portfolio comprises the CHOW TAI FOOK flagship brand, and other individual brand names, including...