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Retiring Store Owners Make Last Sale to First Customer

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The loyal patron’s farewell gesture came 30 years after saying hello.

After three decades in business together, the husband and wife behind Goldmine Jewelers in St. Charles, IL have retired, but not before they were paid a visit from an old friend. The man who made the very first purchase at the store – and several in between – returned to the shop before it closed for good, “noting he wanted to bookend Goldmine’s years in business with his patronage as a show of farewell and good luck,” reports the Kane County Chronicle. The final sale? A heart-shaped diamond necklace.

Read more at Kane County Chronicle

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News Report Reveals Sordid Details of Alleged Sexual Harassment At Signet

It’s based on interviews with dozens of female former employees.

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A New York Times report reveals salacious details related to allegations of sexual harassment and gender discrimination within Signet’s Sterling Jewelers business.

The story, titled “The Company That Sells Love to America Had a Dark Secret,” is based on interviews with dozens of female former employees.

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Some of the employees described being repeatedly passed over for promotions in favor of men, according to the article by Taffy Brodesser-Akner. Others said they’d been sexually harassed.

One woman told the writer that a district manager coerced her into sex in exchange for a transfer she wanted.

A rape accusation is also described.

INSTORE reported in March 2017 that about 250 former employees of Sterling, which operates Jared the Galleria of Jewelry, Kay Jewelers and Zales, were alleging that the company culture was rife with sexual discrimination and harassment. The claims were part of an arbitration case that dates to 2008.

Litigation is still ongoing.

In response to the New York Times story, Signet released a statement saying: “We’re disappointed that The New York Times decided to publish an article primarily based on decades-old allegations, and we believe casts our company unfairly. Signet is a recognized leader among companies for gender diversity, with women making up 74 percent of store management positions and full gender parity in both the [senior executive suite] and board of directors. Under the leadership of our CEO Gina Drosos, we are undeterred in our ongoing mission to champion diversity and inclusion as a strategic priority and in our multi-year business transformation plan.”

Read more at The New York Times 

 

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Rooftop Burglars Take Everything from Jewelry Store

They even stole repair items.

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Burglars cut through the roof of a jewelry store in Laguna Niguel, CA, and took “all items in the store, including repair pieces,” the Jewelers’ Security Alliance reports.

KCAL-TV identfied the business as Nuggets and Carats Jewelry Store.

According to JSA, the burglars “cut through the roof, used a rope to lower themselves in, and cut into the safe.”

They also “removed another safe from the store, which was dragged out a back door into a parking lot.”

The crime took place on the evening of March 23.

JSA states that it has seen a nationwide uptick in the number of reports of burglaries involving rooftop entry or cutting through sidewalls, with some involving cutting alarm wires.

According to KCAL, store owner Brian Hassine said of the safe: “It’s a 6-inch deep safe. It’s got a plate on the outside that needed to be cut with some type of a laser or saw, and they had to cut away at the concrete, and then another plate they had to go through.”

Find out more at KCAL-TV

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100 US Jewelry Retailers Closed in the First Quarter

The rate of closings slowed considerably.

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The Jewelers Board of Trade reported that 100 U.S. jewelry retailers closed their doors in the first quarter of 2019.

That number represented a decrease from 282 closings in the first quarter of 2018.

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The total included 73 retailers in the category of “ceased operations” as well as 22 “consolidations (sale/merger)” and five bankruptcies.

The total number of U.S. jewelry businesses that closed, including retailers, wholesalers and manufacturers, was 125. That was a decrease from 343 in the first quarter of 2018.

Meanwhile, JBT reported that 48 new retailers opened their doors in the U.S., up from 45 in the first quarter of 2018.

The total number of new jewelry businesses, including retailers, wholesalers and manufacturers, was 57. That was down from 62 new businesses in the year-ago quarter.

JBT listed a total of 18,920 jewelry retailers in the U.S. as of the first quarter of 2019, down from 19,554 in the same quarter a year ago.

The group listed 25,037 jewelry businesses in all, including retailers, wholesalers and manufacturers. That was down from 25,898 in the first quarter of 2018.

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