Login

It's our responsibility to capture the imagination of future generations towards diamonds

As CEO of Beverly Hills-based Grand Metropolitan - a privately-held luxury goods holding company with a 130-brand portfolio - Vin Lee carries the burden rather lightly on his shoulders. Having migrated from Canada as a baby, it did not take long for...

Today

‘Non-diamond producing countries shouldn’t lead KP’

Non-diamond producing countries should not lead the Kimberley Process (KP) as was the case last year with the United Arab Emirates (UAE), according to the African Diamond Council and African Diamond Producers Association chairperson...

04 december 2017

Jewellers’ Guild of Russia sees its mission in creating highly developed national jewellery market

In recent years, the Jewellers’ Guild of Russia has noticeably stepped up its activities. Eduard Utkin, General Manager of this Association told Rough & Polished about what is happening in the country’s jewellery sector, the tasks facing the community...

27 november 2017

Any color diamond is a great investment

Bruno Scarselli belongs to the 3rd generation of the Scarselli family, which has for the last half-century been producing and selling some of the world’s highest quality yellow, blue and pink diamonds available on the market. Bruno heads the company...

20 november 2017

It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association...

13 november 2017

Signet Facing Probe over Credit Practices

07 december 2017
US authorities are investigating Signet Jewelers over its credit operations, the retailer revealed in a Securities and Exchange Commission filing last week.
The Consumer Financial Protection Bureau (CFPB) informed Signet on September 6 that it may take legal action against the jeweler, alleging that it violated certain sections of the Consumer Financial Protection Act of 2010 and the Truth in Lending Act. The allegations relate to Signet’s in-store credit practices, promotions and payment-protection products, the retailer explained.
Signet will have the opportunity to present its position to the CFPB before the bureau begins enforcement action.
“Signet continues to believe that its acts and practices relating to the matters under investigation are lawful,” the company’s December 1 statement said. “Signet is currently unable to predict the timing or outcome of the [response] process…and no possible loss or range of losses, if any, arising from the investigations is able to be estimated.”

Comments

Only registered users can add comments (Register, Login)