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Coronavirus
Coronavirus Updates: Impact on the Diamond Trade
The Covid-19 pandemic that has swept the globe has had a notable impact on the diamond industry, with new developments unfolding every day. Here, we present a one-stop, running news feed on industry events impacted...
Polished Markets Jan 17, 2021 Rapaport News
Kay Jewelers Signet
Signet Sees Surge in Holiday E-Commerce Sales
Signet Jewelers reported a positive holiday season as soaring online sales helped compensate for the pandemic’s adverse impact on store traffic.Revenue was flat year on year at $1.8 billion for the nine weeks ending January...
Retail Jan 14, 2021 Rapaport News
RRR Jan 2021 cover image
Were Diamond Companies Worth the Investment?
What parameters would one use to assess a company’s performance? For our analysis, sales provide the best indication of how a business is doing. Taking that a step further, revenue generated across a group of companies within a sector...
Research Jan 14, 2021 Avi Krawitz
Julianne Kippenberg, Diamond Ring, artisanal minin
Podcast: Human Rights, Diamonds and Covid-19
The diamond and jewelry industry has made important strides in its responsible sourcing practices, but it cannot become complacent, a recent report by Human Rights Watch (HRW) found. Besides, Covid-19 has brought new challenges...
Fair Trade Dec 10, 2020 Avi Krawitz
Signet Kay
Signet Sales Jump as Holidays Start Early
Signet Jewelers saw its first quarterly sales increase in two years as innovations helped the company capitalize on a release of pent-up demand and early holiday shopping.Revenue rose 9.5% year on year to $1.3 billion for the...
Retail Dec 03, 2020 Joshua Freedman
Zales 150
Zales Debuts Online Market for Emerging Designers
Zales has launched its first online marketplace, which will feature a rotating line of pieces by up-and-coming fine-jewelry designers from across the US.The Signet Jewelers-owned banner conducted a nationwide search for maverick designers that...
Retail Dec 03, 2020 Rapaport News
Looking at polished diamond through loupe at Almod
De Beers Aims for Full Traceability by 2030
De Beers has pledged to provide the origin and impact of all its diamonds by 2030 as part of a plethora of sustainability goals it has set out for the coming decade.By 2025, it will “scale” programs that help identify...
Retail Nov 30, 2020 Rapaport News
Signet Jared James Allen store 150
Signet to Co-Brand Jared and James Allen
Signet Jewelers will offer James Allen products in nearly half of its Jared stores through a new, dual-branded model.The Jared + James Allen locations are part of the jeweler’s efforts to reposition Jared as a more exclusive, luxurious...
Retail Nov 03, 2020 Leah Meirovich
BIJC 600
New Group Supports Black People in Jewelry Trade
A group of industry members has formed the Black in Jewelry Coalition (BIJC) to help Black professionals gain access to the resources and opportunities they need to succeed in the trade.The coalition’s board of directors is composed entirely of Black...
Polished Markets Nov 02, 2020 Rapaport News
De Beers Diamond Jewellers Ring
Preparing for a Holiday Season Like No Other
Rapaport’s quarterly Diamond Trends Webinar outlined the key developments the trade should look out for during the holiday season and 2021.The webinar, presented last week by Rapaport Senior Analyst Avi Krawitz,...
Polished Markets Oct 26, 2020 Rapaport News
E-commerce
Trend Report: Covid-19 Driving Move to Digital
Las Vegas, September 24, 2020As the diamond industry begins its recovery from the initial impact of Covid-19, its once-lagging progress toward digital is being vastly accelerated. While this will not be a rapid transition...
Polished Markets Sep 24, 2020 John Costello
James Allen
Signet to Expand James Allen In-Store Format
Signet Jewelers plans to have James Allen e-commerce displays in 80 of its Jared locations this holiday season following a successful trial of the store-in-store concept. “Given positive sales results and strong traffic gains, we plan to expand...
Retail Sep 08, 2020 Rapaport News
Signet Kay Florida store shut during Covid-19
Signet Sales Better Than Expected
Signet Jewelers’ revenue and profit beat expectations in the second fiscal quarter as stores unlocked their doors and the retailer upgraded its digital capabilities.“Sales improved sequentially throughout the second quarter as we reopened stores...
Retail Sep 03, 2020 Rapaport News
Signet masks 150
Signet Requiring Customers to Wear Masks in Stores
Signet Jewelers has extended its face-mask policy, which had previously applied only to employees, to include customers as well.The jeweler will offer disposable masks to any shoppers who don’t have one with them, it said...
Retail Aug 19, 2020 Rapaport News
Signet
Signet Lays Off Some Furloughed Employees
Some Signet Jewelers team members will not return from furlough after the company restructured its store operations during the Covid-19 shutdown.The jeweler has recalled most of its furloughed employees, but has...
Retail Jul 22, 2020 Rapaport News
Diamonds Do Good
Industry Leaders to Offer Insights in Virtual Session
Diamonds Do Good will host a virtual gathering in which key leaders from the diamond and retail sectors will offer insights and perspectives on the future of the natural-diamond industry.“The world has undergone a seismic change...
Polished Markets Jul 08, 2020 Rapaport News
NRF 100
Signet Lands on Top 100 Retailers List
Signet Jewelers was rated as one of the top 100 retailers on the National Retail Federation’s (NRF) 2020 list, which ranks companies based on annual retail sales.The retailer came in at number 98, the only jewelry...
Retail Jul 08, 2020 Rapaport News
Signet Rebecca Wooters 150
Signet Brings In Chief Digital Officer
Signet Jewelers has appointed Rebecca Wooters chief digital officer to help expand its online offering in the wake of the coronavirus pandemic.“Our omni-channel and digital transformation is even more important now with today’s shift...
Retail Jun 22, 2020 Rapaport News
Signet
Signet Loss Deepens Amid Covid-19 Closures
Signet Jewelers’ net loss increased to $190 million in the first fiscal quarter as the company closed all its stores for most of the period.That figure compares with a loss of $10 million during the same...
Retail Jun 09, 2020 Rapaport News
Gabrielle Grazi
Natural Diamond Council Hires Retail VP
Gabrielle Grazi has joined the Natural Diamond Council (NDC) as its vice president for retail following seven years at Signet Jewelers.The newly created role involves establishing the NDC as the natural-diamond authority among...
Marketing Jun 08, 2020 Rapaport News
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