Jewelers bank on promising engagement season

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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.

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2014 City salaries rose slightly

The salaries of Augusta-Richmond County employees remained relatively flat over the past year, but some people got big raises. Average full-time pay increased by 1.4 percent to $38,949.19.
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