The place where America buys its engagement rings is plunging after 69,000 employees file a gender discrimination lawsuit (SIG)

pulse

February 28, 2017 9:51 PM

And the stock is tanking.

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Shares of Signet Jewelers are down over 12% on Tuesday after the release of sworn statements made by hundreds of female employees at Sterling Jewelers — a unit of Signet Jewelers — that alleged sexual discrimination took place at the highest levels of the company.

While the statements were released on Sunday, shares didn't respond until Washington Post reports surfaced Monday evening.

accusations of diamond switching

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