Signet and Alrosa may sign a deal

A diamond sourcing deal is likely to be entered into between Signet Jewelers and Alrosa, reports say. The deal is expected to be worth around $80 million, reports say.

Leading reports suggest that according to the deal, Signet will sell the diamonds at Kay Jewelers and Jared the Galleria of Jewelers, also at Signet’s stores in the United Kingdom.