Share to Twitter Share to Linkedin Signet Jewelers, one of the world's largest fine jewelry retailers, said Tuesday that it has signed an agreement to acquire online fine jewelry retailer, Blue Nile, Inc., for $360 million in an all-cash transaction. Signet, in a statement, says Blue Nile delivered revenue of more than $500 million in calendar year 2021. Signet Jewelers , based in Akron, Ohio, currently owns the jewelry brands, Kay Jewelers, Zales, Jared, Banter by Piercing Pagoda, Diamonds Direct, JamesAllen.com, in the U.S.; Peoples, H. Samuel, Ernest Jones in the U.K.; and the jewelry subscription service, Rocksbox Calling it a “strategic acquisition,” Signet in its statement says that adding Blue Nile to its portfolio “accelerates Signet's efforts to expand its bridal offerings and grow its ‘Accessible Luxury’ portfolio while extending its digital leadership in the jewelry category.” The company adds that Blue Nile’s customer base is younger, more … [Read more...] about Signet Jewelers To Acquire Blue Nile For $360 Million In Cash