Richemont Rises And Signet Falls As Jewelry Market Splinters Between True And Accessible Luxury

1. Richemont reported a 10% revenue rise, boosted by luxury jewelry growth. 2. Signet Jewelers' same-store sales fell 2%, impacting their fourth quarter guidance. 3. Signet's stock dropped 20% following disappointing holiday sales performance. 4. Luxury brand growth contrasts with lower-tier sellers struggling in a promotional market. 5. Consumer trends indicate a preference for high-end luxury over accessible jewelry.