Signet Jewelers Limited, a Bermuda-based holding company specializing in diamond jewelry retail, has received a buy recommendation from UBS.
The company operates in three segments: North America, International, and Other. In North America, Signet has a strong presence with stores across the United States and Canada, as well as a significant online presence. Key brands include Kay Jewelers, Zales, Jared, Diamonds Direct, Banter by Piercing Pagoda, Rocksbox, and the digital platforms James Allen and Blue Nile.
In Canada, the retail operations are conducted under the Peoples Jewellers brand. The International segment includes operations in the United Kingdom, Republic of Ireland, and Channel Islands, with stores primarily branded as H. Samuel and Ernest Jones. The Other segment consists of subsidiaries focused on the procurement and transformation of rough diamonds into polished stones.