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Signet Increases Lab-Grown Footprint
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Signet Jewelers has takenfurther steps into the synthetics market, launching lab-grown diamonds at itsKay and Jared brands. The move has commenced witha trial in five Kay stores.In addition, Signet has started selling...
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Retail
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Oct 23, 2019
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Rapaport News
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Plumb Club Requires Members to Join RJC
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The Plumb Club has become the first trade group to requireall members to sign up to the Responsible Jewellery Council (RJC). The supplier and manufacturer group hopes that other tradeassociations will follow suit, thereby...
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Polished Markets
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Sep 22, 2019
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Rapaport News
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Signet Names New UK Managing Director
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Signet Jewelers has appointed Neil Old as managing directorof its UK operations, where he will lead the team in implementing the Path toBrilliance program. Old, who will oversee the company’s British businessesincluding H. Samuel and...
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Retail
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Sep 10, 2019
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Rapaport News
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Signet Scaling Back China Buying
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Signet Jewelers plans to reduce its purchasing of Chinesegoods by about 50%, aiming to minimize the impact of US tariffs on thebusiness. “We have been successful in working with our vendors to movea significant amount of our China exposure to other...
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Retail
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Sep 09, 2019
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Rapaport News
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Signet Adjusts Outlook as Sales Decline
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Signet Jewelers has modified its full-year sales guidance forthe second time, following a drop in revenue in the three months ending August 3.Group sales fell 3.9% to $1.36 billion in the second fiscal quarter, the...
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Retail
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Sep 05, 2019
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Rapaport News
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Tracr Aiming to Be More Than a Blockchain
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As a tech guy, Jim Duffy spends much of his time on the road explaining technical terms in a way laymen can understand. He has his work cut out for him as CEO of Tracr, De Beers’ blockchain project — especially...
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Polished Markets
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Sep 04, 2019
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Avi Krawitz
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Judge Calls Out Signet over Suit Dispute
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A New York judge has refused to back down after ruling that Signet Jewelers’ comments about the sexual-harassment claims it was facing could be part of a class-action suit against the retailer.On July 10, Judge Colleen...
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Retail
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Jul 17, 2019
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Rapaport News
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RJC Ready to Target Consumers
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The Responsible Jewellery Council (RJC) is planning a strategy to help retailers assure consumers their jewelry has been ethically sourced and that they follow the required sustainability standards. The group, whose mandate is to set...
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Polished Markets
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Jun 27, 2019
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Avi Krawitz
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Signet Revenue Drops in First Quarter
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Signet Jewelers has lowered its sales outlook for the restof the year, after revenue fell in the first fiscal quarter. Total sales declined 3.3% to $1.43 billion in the threemonths ending May 4, the...
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Retail
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Jun 06, 2019
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Rapaport News
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De Beers Opening Blockchain to Industry
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De Beers has launched an online resource for sharing information and tools that will help members of the trade join its blockchain program. The Tracr Community will provide participants with educational materials and...
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Technology
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Jun 02, 2019
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Rapaport News
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Signet Names Ex-President as Interim UK Head
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Former Signet Jewelers president Seb Hobbs will serve asinterim managing director of the company’s UK business for the next month.Hobbs, who has been with the jewelry retailer for more thaneight years, began...
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Retail
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May 29, 2019
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Rapaport News
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Synthetics: Coming to a Bourse Near You?
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The rise of lab-grown diamonds might finally be tricklingthrough to the historic heart of the trade: the diamond exchanges.It began last November, when Anoop Mehta, president ofMumbai’s Bharat Diamond Bourse (BDB), told Rapaport News...
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Polished Markets
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May 14, 2019
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Joshua Freedman
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Signet Enters Lab-Grown Market
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James Allen has launched sales of lab-grown diamonds,marking parent company Signet Jewelers’ entry into the synthetics market. The e-commerce business, which Signet acquired in 2017,now gives consumers the option of “earth-created” or “lab-created” stones...
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Retail
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May 05, 2019
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Rapaport News
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Signet Implements More Job Cuts
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Signet Jewelers is laying off an undisclosed number of employeesfrom its Ohio and Dallas locations, after it failed to find enough interest ina voluntary exit package it offered workers. The cuts are part of a cost-saving effort the...
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Retail
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Apr 22, 2019
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Rapaport News
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RJC Appoints Executive Director
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The Responsible Jewellery Council (RJC) has named IrisVan der Veken executive director, the first woman to hold the position. She replaces Andrew Bone, who left the organization in March.“[Van der Veken] is a strong,...
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Polished Markets
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Apr 10, 2019
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Rapaport News
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Weak Holidays Dampen Signet’s Year
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Sales at Signet Jewelers fell last year as demand tailed off during a disappointing holiday season. Same-store sales — at branches open for a year — slipped0.1% for the fiscal year ending February 2, while total revenue also...
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Retail
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Apr 03, 2019
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Rapaport News
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Signet to Shut Dallas Production Site
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More than 100 Signet Jewelers employees will lose their jobsamid the closing of the company’s Texas-based manufacturing facility. The closure is part of a long-term effort by the Zales,Jared and Kay owner to cut costs and...
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Retail
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Apr 02, 2019
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Rapaport News
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Signet Hires New Financial Chief
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Signet Jewelers has appointed Joan Hilson chief financialofficer, as part of an effort to strengthen its leadership team. The former David’s Bridal executive — who also managed finances forAmerican Eagle Outfitters and Victoria’s Secret — will...
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Retail
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Mar 13, 2019
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Rapaport News
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What Makes a Good Synthetics Detector?
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The massive project by the Diamond Producers Association (DPA) and Signet Jewelers to test and review 18 synthetic-diamond detectors has raised an important question: What should you look for in such a machine?Accuracy is, of course, a major...
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Technology
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Mar 12, 2019
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Joshua Freedman
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DPA Puts Synthetics Detectors to the Test
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A synthetics detector costing less than $7,000 is one of only two machines that conclusively identified 100% of lab-grown diamonds in a recent industry-widestudy.Yehuda’s Sherlock Holmes, priced at $6,495, correctlyspotted all synthetic diamonds in a “deliberately challenging” sample,according to a report...
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Technology
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Mar 05, 2019
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Rapaport News
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