Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

Debate on the main issues affecting the diamond business is absolutely critical - Ernie Blom

Having taken part in the fruitful discussions with the world leaders at the Asian Summit held recently in Vladivostok, Ernie Blom, President, World Federation of Diamond Bourses (WFDB) now looks forward to taking the worthy inputs received at...

10 september 2018

Reflecting the nature of the industry, US jewellery market is significantly seasonal with great ‘ebb and flow’ in demand, opines Vin Lee

Vin Lee, CEO of Beverly Hills-based Grand Metropolitan, a privately-held luxury goods holding company had migrated from Canada as a child. And one can see that it did not take him long to ascend the US luxury world, establishing himself as a formidable...

27 august 2018

Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

20 august 2018

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 2018

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.”