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Coronavirus Updates: Impact on the Diamond Trade
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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...
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Polished Markets
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Oct 28, 2020
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Rapaport News
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Preparing for a Holiday Season Like No Other
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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,...
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Polished Markets
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Oct 26, 2020
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Rapaport News
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Trend Report: Covid-19 Driving Move to Digital
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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...
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Polished Markets
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Sep 24, 2020
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John Costello
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Signet to Expand James Allen In-Store Format
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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...
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Retail
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Sep 08, 2020
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Rapaport News
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Signet Sales Better Than Expected
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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...
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Retail
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Sep 03, 2020
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Rapaport News
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Signet Requiring Customers to Wear Masks in Stores
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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...
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Retail
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Aug 19, 2020
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Rapaport News
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Signet Lays Off Some Furloughed Employees
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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...
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Retail
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Jul 22, 2020
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Rapaport News
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Industry Leaders to Offer Insights in Virtual Session
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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...
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Polished Markets
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Jul 08, 2020
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Rapaport News
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Signet Lands on Top 100 Retailers List
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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...
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Retail
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Jul 08, 2020
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Rapaport News
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Signet Brings In Chief Digital Officer
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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...
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Retail
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Jun 22, 2020
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Rapaport News
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Signet Loss Deepens Amid Covid-19 Closures
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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...
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Retail
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Jun 09, 2020
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Rapaport News
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Natural Diamond Council Hires Retail VP
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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...
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Marketing
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Jun 08, 2020
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Rapaport News
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Jared to Hold Online Weddings
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Jared will offer free virtual weddings to 1,000 couples who had to cancel or postpone their events due to the COVID-19 pandemic.The jeweler will begin holding the ceremonies, which are part of its #LoveCantWait campaign,...
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Retail
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May 07, 2020
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Rapaport News
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Signet Revamps Rules as Some Branches Reopen
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Signet Jewelers has reopened more than 130 US stores and is planning to unlock up to 50 more doors in time for Mother’s Day as some states are allowing retailers to do business again. The company, which owns Kay Jewelers,...
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Retail
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May 07, 2020
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Leah Meirovich
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Signet Appoints Investor-Relations Exec
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Signet Jewelers has hired Vincent Sinisi as senior vice president of investor relations, replacing Randi Abada, the company said Monday.Sinisi has over 15 years of experience as a retail analyst, most recently as executive director of equity research...
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Retail
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May 04, 2020
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Rapaport News
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Signet Temporarily Lays Off Workers
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Signet Jewelers has furloughed a number of its employees to cut costs and ensure the long-term sustainability of its business.“Due to the unprecedented impact of COVID-19 and the closure of our stores, we have moved quickly to proactively reduce...
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Retail
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Apr 01, 2020
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Rapaport News
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Signet Settles Shareholder Suit for $240M
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Signet Jewelers has agreed to a $240 million settlement relating to a lawsuit filed by shareholders. The suit claims the company misled investors regarding allegations of sexual discrimination against its executives and the health of its credit...
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Retail
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Mar 31, 2020
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Rapaport News
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Strong Holiday Lifts Signet to 4Q Profit
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Signet Jewelers returned to profit in the fourth fiscal quarter and recorded growth in same-store sales, as the company’s turnaround plan appeared to be working before the coronavirus crisis hit.The retailer reported net income of $187.1 million...
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Retail
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Mar 26, 2020
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Rapaport News
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Signet to Avoid Giving Sales Guidance
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Signet Jewelers will not issue a forecast for the first quarter of its 2021 fiscal year as it weighs the effects of the coronavirus pandemic on its retail operations.“Retailers are already experiencing the severe impact…of COVID-19...
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Retail
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Mar 24, 2020
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Rapaport News
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Signet Closing All Stores in US, Canada
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Signet Jewelers is shutting all its stores in North America due to the coronavirus, a company spokesperson confirmed with Rapaport News.The temporary closure goes into effect at the close of business on Sunday, the spokesperson said. It applies...
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Retail
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Mar 22, 2020
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Joshua Freedman
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