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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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RJC Elects New Board Members
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The Responsible Jewellery Council (RJC) has expanded its board and appointed seven trade members to represent different parts of the supply chain.New board members include Feriel Zerouki, RJC honorary treasurer and senior...
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Polished Markets
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May 24, 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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Tiffany, Macy’s Among Retailers Closing US Stores
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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,...
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Retail
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Mar 18, 2020
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Rapaport News
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RJC to Certify Silver Sourcing
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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...
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Polished Markets
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Feb 03, 2020
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Rapaport News
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Signet Expands Lab-Grown Diamond Offering
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Signet Jewelers is now offering jewelry featuring synthetic diamonds and gemstones at all of its major US banners, after asuccessful pilot in limited locations. “Lab-created diamonds are available in both fashion and bridaljewelry at James Allen, Kay,...
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Retail
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Dec 16, 2019
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Rapaport News
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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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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 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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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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Sterling, Alex and Ani Settle Dispute
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Sterling Jewelers has reached a mutually agreeable settlementwith Alex and Ani after a yearlong dispute over a supply deal. Judge Sara Lioi dismissed the case without prejudice,according to a February 14 motion Sterling, a division of Signet Jewelers,...
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Retail
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Feb 27, 2019
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Rapaport News
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Signet Offers Employees Voluntary Exit Packages
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Signet Jewelers is offering employees at its Ohioheadquarters benefits and assistance to leave the company voluntarily, in aneffort to reduce costs. The Voluntary Transition Program (VTP) is available tosupport-center and field team members at the district-manager level...
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Retail
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Feb 25, 2019
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Rapaport News
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Zales Faces Suit over Jewelry Repair Plan
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Zales Jewelers is embroiled in a dispute with a customerover whether the repair program that came with his diamond ring covered thesetting, or just the stone. Gordon Henry Lovette has sued the Signet Jewelers-owned retailer,claiming...
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Financial-Legal
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Dec 11, 2018
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Leah Meirovich
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Signet Loss Prompts Share Sell-Off
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Signet Jewelers’ shares slumped 14% in early trading Thursday after the retailer reported a deeper loss, even as sales grew.The retailer’s net loss intensified to $38.1 million from $12.1 million a year ago due to higher...
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Retail
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Dec 06, 2018
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Rapaport News
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Judge Orders Signet to Face Fraud Lawsuit
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Signet Jewelers will have to answer allegations of security fraud after a US district-court judge rejected the company’s appeal against a pending lawsuit.The owner of Kay Jewelers and Zales had asked the court to dismiss a claim by the...
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Financial-Legal
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Nov 29, 2018
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Rapaport News
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