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The acquisition will expand Signet s services to jewellery rental.
Signet shares jumped roughly 3.5% on market open on Tuesday.
Signet Jewelers Limited (NYSE: SIG) acquired Rocksbox Inc. for an undisclosed price on Tuesday. The acquisition will help the owner of prominent brands like Zales and Kay Jewelers to debut in the jewellery rental business.
Signet Jewelers shares jumped roughly 3.5% on market open on Tuesday, touching an intraday high of £44.45 per share. Later in the day, however, the stock lost the entire gain and closed the regular session at a per-share price of £41.88. Signet remained flat in after-hours trading on Tuesday.
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02 april 2021
02 april 2021 (diamonds.net) - Customers of the Gemological Institute of America (GIA) are experiencing severe delays to grading submissions, creating worries about inventory management, Rapaport News has learned. A sharp increase in rough buying since December has led to heightened demand for grading reports, while lower capacity because of Covid-19 restrictions has placed extra pressure on the GIA. The turnaround time in some markets is currently up to 25 days, compared with the usual period of around seven days, diamond manufacturers reported this week.
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AKRON, Ohio, March 9, 2021 /PRNewswire/ Jared
® today launched a new era for fine jewelry design, unveiling a series of initiatives to make the custom-design process more accessible, convenient and experiential for more people. At the core of this initiative is the launch of
The Jared Foundry, a pioneering and bespoke in-store experience that amplifies Jared s expert artisans and use of technology – including 3D printers – currently located within 19 select stores from New York to California.
(PRNewsfoto/Jared)
Jared is uniquely equipped to provide gift givers and jewelry lovers the ability to bring even their most intricate vision to life, thanks to its team of 1,400 artisans and apprentices nationwide – and unrivaled access to a global supply of responsibly sourced stones and metals.