The large stone will be offered at its June sale along with a selection of secondary-type rubies from a new area of the Montepuez mine.
Signet-Zale deal cleared to proceed
The proposed merger of the country’s two largest specialty jewelers hasn’t raised any anti-trust red flags with U.S. authorities so far.

Signet Jewelers Ltd. and Zale Corp. announced early Monday that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, also known was the HSR Act waiting period, has expired without the U.S. Department of Justice or the Federal Trade Commission issuing a request for additional documents and data on the transaction.
Signed into law by former President Gerald Ford, the HSR act, which was named after three senators, was an amendment to earlier antitrust legislation and dictates that companies can’t proceed with mergers or acquisitions until they are reviewed by the FTC and Department of Justice for antitrust violations.
The expiration of the waiting period means that Signet and Zale are clear to move forward with the deal, which remains subject to approval by Zale’s shareholders.
A Zale spokeswoman said Monday that a date for the shareholder vote will be set following the filing of the final proxy statement on the transaction; the preliminary proxy was filed Friday.
While there have been a number of lawsuits filed allegedly attempting to block the deal, that’s not uncommon in mergers of this size. The majority of these types of lawsuits get resolved with little or no impact on the overall deal.
RELATED CONTENT: A litigious follow-up
Signet announced the acquisition of Zale in February. The deal is worth a total of $1.4 billion and, if completed, will create a chain of some 3,600 stores in the United States, United Kingdom and Canada. It will bring such well-known brands as Kay Jewelers, Jared the Galleria of Jewelry, Zales and Piercing Pagoda under the same umbrella of ownership.
RELATED CONTENT: Signet acquiring Zale in $1.4B deal
According to details on the deal released in February, Zale CEO Theo Killion will remain with the company and run Zale’s brands as a standalone operation within Signet, reporting to CEO Mike Barnes.
The Signet-Zale merger is expected to close by the end of the year.
The Latest

Located in Bangkok, the laboratory is Gemological Science International’s 14th location worldwide.

Those born in June have a myriad of options for their birthstone jewelry.

When investing in your jewelry business, it's important not to overlook the most crucial element of success: the sales associates.

The diamond industry veteran has been named its senior sales executive.


The company plans to raise the prices of select watches to offset the impact of tariffs.

Between tariffs and the sky-high cost of gold, designers enter this year’s Las Vegas shows with a lot of questions and few answers.

More shoppers are walking out without buying. Here’s how smart jewelers can bring them back—and the tool they need to do it right.

Designed by founder Renato and his daughter Serena Cipullo, it showcases a flame motif representing unity and the power of gathering.

However, the tariffs remain in effect in the short term, as an appeals court has stayed the U.S. Court of International Trade’s decision.

The pop icon is one step closer to launching her “B Tiny” jewelry collection, a collection she first began posting about last fall.

Sponsored by Stuller

It was featured in the miner’s latest sale, which brought in $24.8 million.

GemText AI uses artificial intelligence to generate tailored product titles, descriptions, and tags with jewelry-specific language.

Aging and with myriad health issues, none will serve time for their roles in robbing the billionaire celebrity at gunpoint in 2016.

The WNBA team received rings imbued with meaning, from leaf motifs and its Liberty torch to the number of diamonds used.

The two organizations have signed an affiliation agreement that’s expected to be finalized in the coming weeks.

The platinum and diamond watch is part of Sotheby’s upcoming Important Watches sale.

Recovered in Mozambique, “The Kat Florence Lumina” was part of Bonhams’ Hong Kong jewelry auction held last week.

Get a taste of the delicious candy-like gemstones in this Amanda’s Style File.

JSA’s Scott Guginsky provided a list of nine security measures jewelers should observe while locking up for the long weekend.

From Lau’s “Love of a Kind” series, the engagement ring was inspired by the moon and holds a different meaning depending on how it is worn.

The lab has adjusted the scale it uses for nacre grading.

Sponsored by GCAL by Sarine

David Walton will serve three years’ probation after an incident in a hotel bar led to the death of West Virginia jeweler David Ettinger.

The retailer also provided an update on how the tariffs situation in the U.S. is affecting its business.

The family-owned jeweler in Great Falls, Virginia, will be celebrating its golden jubilee with a year’s worth of events.