Shares of Signet Jewelers were rose during trading Friday. The jewelry brand behind mall stalwarts such as Kay’s Jewelers and Zales recently came under fire after a report from Grant’s Interest Rate Observer raised questions about the company’s consumer credit practices as well as allegations that the company swapped customer’s diamonds for lesser-quality or man-made stones. In an interview with CNBC, Signet CEO Mark Light called the diamond-swapping allegations ‘absurd.’
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