But given the present economic uncertainty and skyrocketing inflation causing customers to pull again on discretionary spending, Signet’s bird in the hand is best than two in the IPO bush. Upon closing, Blue Nile will be a part of Jareds, Diamonds Direct and James Allen, another DTC jeweler, in Signet’s Accessible Luxury section. And it’ll put the $7.eight billion Signet that a lot closer to its aim of $9 billion in annual sales.

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