Pandora necklace

Which jewelry stock is a better buy? By StockNews


© Reuters. Bookmark vs.Pandora: Which Jewelry Stock is a Better Buy?

Strong consumer demand, the introduction of new models and growing investor interest in jewelry stocks to cover inflationary pressures should allow Pandora (OTC 🙂 and Signet (SIG) to benefit significantly from this sales season. holidays. But which of these titles is the best buy now? Read on to find out.Pandora A / S (PANDY) and Bookmark Jewelers Limited (NYSE 🙂 are two leading retailers in the jewelry market. Based in Denmark, PANDY designs, manufactures and markets hand-finished and contemporary jewelry around the world. The company supplies silver and gold, artificial stones, precious stones, cultured pearls, diamonds, enamel, glass, leather and textile products. It operates 2,690 concept stores, 4,402 other points of sale and eSTOREs. On the other hand, Bermuda-based SIG is engaged in retailing jewelry, watches and other diamond products. As of January 30, 2021, it operated 2,833 jewelry stores and kiosks.

Although there has been a decline in in-store sales during the pandemic, offering jewelry products through company-owned websites and other e-commerce platforms has enabled the industry to record gradually good sales. Despite high inflation and supply chain constraints affecting production, strong demand and rising consumer spending ahead of the holiday season have pushed up the prices of precious metals, followed by jewelry in recent times. . The global jewelry market is expected to grow at a CAGR of 6.5% and reach $ 238.44 billion by 2026.

Jewelry stocks are known to have performed well during times of inflation as investors seek to invest in precious metals which act as a hedge against inflation and market fluctuations. Thus, SIG and PANDY should benefit from these tailwinds in the coming months.

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