Signet Jewelers Shares Shine Bright

Shares of Signet Jewelers (SIG) - Get Report 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."

This article was written by a staff member of TheStreet.