Jewelers bank on promising engagement season

About 40 percent of engagements occur between Thanksgiving and Valentine’s Day. Jewelry stocks have done quite well over the past year and investors are hoping for more sales.

Tiffany & Co. recently raised its full-year earnings forecasts after reporting its quarterly net income climbed 50 percent, helped by gains in the Asia-Pacific region, which generated 21 percent of sales last year.

Signet Jewelers operates the U.S. mall-based chains Kay Jewelers and Jared. The company’s latest quarterly results showed net income fell 2 percent due to a 2012 acquisition. But Signet said it was well-prepared for the holiday season.

Zale stock has more than doubled in the last 12 months. In its most recent fiscal year, which ended in July, Zale earned $10 million after having lost $27 million in the previous year.