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Coronavirus
Coronavirus Updates: Impact on the 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 Jul 05, 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
Jared Virtual Weddings
Jared to Hold Online Weddings
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,...
Retail May 07, 2020 Rapaport News
Signet
Signet Revamps Rules as Some Branches Reopen
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,...
Retail May 07, 2020 Leah Meirovich
Signet
Signet Appoints Investor-Relations Exec
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...
Retail May 04, 2020 Rapaport News
Signet furloughs
Signet Temporarily Lays Off Workers
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...
Retail Apr 01, 2020 Rapaport News
Signet
Signet Settles Shareholder Suit for $240M
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...
Retail Mar 31, 2020 Rapaport News
Zales store in Wesley Chapel, Florida
Strong Holiday Lifts Signet to 4Q Profit
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...
Retail Mar 26, 2020 Rapaport News
Signet
Signet to Avoid Giving Sales Guidance
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...
Retail Mar 24, 2020 Rapaport News
Kay Jewelers store Bethesda
Signet Closing All Stores in US, Canada
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...
Retail Mar 22, 2020 Joshua Freedman
Tiffany US Retail
Tiffany, Macy’s Among Retailers Closing US Stores
A growing number of US retailers, including Tiffany & Co., are temporarily shuttering all locations across North America in an effort to stem the coronavirus spread.“Effective immediately, we’re temporarily closing all Tiffany stores in the US and Canada,...
Retail Mar 18, 2020 Rapaport News
WJA
WJA Campaign Targets Female Self-Purchasers
The Women’s Jewelry Association (WJA) has launched a new consumer-marketing campaign aimed at empowering women to buy jewelry for themselves.March Is Me Month will coincide with International Women’s Day, which takes place on March 8, as well as Women’s...
Retail Mar 03, 2020 Rapaport News
Signet
Signet Launches First Spanish-Language Ads
Signet Jewelers has introduced its first foreign-language advertising campaigns in the US market, targeting the growing number of Hispanic millennials expected to marry in the coming years.“They are a big customer group, and getting a lot bigger...
Retail Feb 20, 2020 Leah Meirovich
IDWI
Israel Diamond Week Lifts Local Trade
The International Diamond Week in Israel (IDWI) closed Wednesday with participants noting steady trading among local dealers in the absence of Chinese buyers.Delegations from China and Hong Kong were scheduled to attend the three-day...
Marketing Feb 13, 2020 Rapaport News
Sterling Jewelers Gender Bias
Sterling Takes Gender-Bias Case to Supreme Court
Sterling Jewelers has asked the US Supreme Court to reverse a lower-court ruling allowing an arbitrator to decide whether the company underpaid more than 70,000 women in a class action gender-bias case.The case alleges that Sterling — the...
Financial-Legal Feb 03, 2020 Rapaport News
Silver jewelry 150
RJC to Certify Silver Sourcing
The Responsible Jewellery Council (RJC) has added supply-chain certification for silver to its chain-of-custody standard.The certification, which is voluntary, allows those in the trade to offer verification that their materials are responsibly sourced. The...
Polished Markets Feb 03, 2020 Rapaport News
Zales
Signet Raises Forecast Following Strong Holiday
Sales at Signet Jewelers increased during the holiday season, prompting the retailer to raise its full-year outlook.Same-store sales — at branches open for at least a year — increased 1.6% for the nine weeks ending January 4, while...
Retail Jan 16, 2020 Rapaport News
Signet Kay
Signet Takes Hit Following Wells Fargo Report
Signet Jewelers is losing market share to competitors and faces risks from its credit operations, according to an analyst’s report that sent the retailer’s stock tumbling.Ike Boruchow, senior analyst at Wells Fargo, raised concerns that...
Retail Jan 08, 2020 Rapaport News
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