Sourcing & manufacturing ability for rough diamond by Signet
22 Dec '05
2 min read
Signet believes that this upstream initiative will further its current position as the world's largest retailer of diamond jewellery. This leadership is maintained through a unique understanding of market and consumer trends, the largest advertising budget in the retail jewellery sector and a sound balance sheet.
Terry Burman, Group Chief Executive, commented “The development of direct rough diamond sourcing and manufacturing capacity is designed to enhance Signet's industry-leading supply chain expertise and our ability to provide the consumer with superior value. This initiative builds on our well established operational and financial strengths.”
UK's leading jewelry retailer Signet's medium term objectives are to set leading performance standards in its sector of the jewellery market on both sides of the Atlantic, to increase new store space in the US and store productivity in the UK, and to be broadly cash flow neutral after funding the needs of the business and dividend payments.
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