Thursday, after the diamond seller beat quarterly profit expectations, and indicated it was on course to break a long streak of same-store sales declines as marriage proposals are rising. The stock shot up 17.

Signet Jewelers ( SIG) had been seeing slower-than-usual engagement ring sales. It usually takes about three years between the time a couple meets and gets engaged, Signet CEO Virginia Drosos said Monday, but that timeline was extended by the pandemic, affecting engagements through early 2024.

Signet Jewelers reported better-than-expected same-store sales for the second quarter as the jewelry retailer sees an increase in customer demand. Signet’s adjusted earnings of $1.25 per share came in above estimates of $1.

Signet Jewelers exceeded earnings forecasts and gave an upbeat assessment about same-store sales. The jewelry store chain's same-store sales fell, but less than expected, and CEO Virginia Drosos said they were turning positive for the current quarter. The stock, which jumped Thursday, is still down in 2024.

Marriage engagements are making a postpandemic comeback, according to Signet Jewelers.Investors are buying up the stock after the company posted a better-than-expected quarter, benefiting from rising demand for fashionable jewelry and engagement rings.