In a Thursday interview with CNBC's Jim Cramer, Signet Jewelers CEO Gina Drosos described the mood of consumers looking to buy engagement rings, saying demand is there, but many are more judicious when picking out diamonds.
"We thought that engagements might come back a little faster, but there is a cautious consumer," Drosos said.
She added that "newness" accelerated during the quarter, and customers are responding well to new products like sculpted gold.
On the conference call, Drosos said Signet saw a 50% increase in revenue from new merchandise.
Signet reported a mixed quarter before Thursday's open, with management optimistic about the momentum of same-store sales.
Persons:
CNBC's Jim Cramer, Gina Drosos, Drosos, Jared, Zales, Kay Jewelers, Signet
Organizations:
Signet, Google