Minimum Wage Increases in 18 States and 19 Cities

On Jan. 1, 18 states, 19 cities, and one county raised the minimum wage in their jurisdictions, according to the National Economic Law...

Jewelry Distributor Pleads Guilty to Defrauding His Factoring Company

On Dec. 20, Gerald Kent, 52, owner of Providence, R.I.–based jewelry distributor Kent Jewelry, pled guilty in federal court to wire fraud and...

Exelco Chapter 11 Case Dismissed

On Dec. 13, a federal judge dismissed the Chapter 11 filing of Exelco North America and six related companies—which means that any case concerning...

IRS Stepping Up AML Audits of Jewelry Companies

The next knock on your door this holiday might not be UPS. The IRS is increasingly coming calling, too. The Internal Revenue Service seems to have...

The RealReal Faces Class Action Over Diamond Weights

Online consignment company The RealReal has been hit by a proposed class action suit after selling a cocktail ring that allegedly overstated its...

GIA Defamation Case Dismissed

A New York state judge has dismissed a defamation case against the Gemological Institute of America for claiming a batch of diamonds had been treated...

New Bill Targets Signet Jewelers Arbitration Policies

Recently introduced federal legislation would void agreements that require arbitration of sexual harassment and discrimination claims. The Ending...

Signet’s Credit Practices Spur Investigations

In its latest form 10-Q filed with the Securities and Exchange Commission, Signet revealed that two government agencies are conducting investigations...

Exelco Wants to Sell Assets to SimplexDiam

Exelco North America, the Antwerp, Belgium diamond company currently operating under Chapter 11, has struck a deal to sell certain assets to...

Third Jewelry Industry Summit Scheduled

The third Jewelry Industry Summit, the annual meeting that tackles supply chain issues, will be held March 9–10, 2018, in New York City, just...