Morning Bites (part 2)

💍Signet has reported a 2.0% YoY growth in same-store sales for 2Q25 (April-July), vs. the 2.5% YoY increase in 1Q25. Signet also slightly raised its FY26 sales guidance amid solid YTD performance and management flagging better trends in fashion jewellery heading into the holiday season

Overall, we maintain our cautiously upbeat view on the global diamond market in the longer term, but admit that its recovery might take time, given the still high midstream inventories, soft downstream demand in China and global trade war concerns

#diamonds