Document:

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                                WARRANT AGREEMENT

THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933 NOR REGISTERED OR QUALIFIED UNDER
THE SECURITIES OR BLUE SKY LAWS OF ANY STATE. THIS WARRANT AND THE SECURITIES
ISSUABLE UPON EXERCISE HEREOF ARE BEING OFFERED PURSUANT TO AN EXEMPTION THE
SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"). THE SECURITIES ARE "RESTRICTED"
AND MAY NOT BE OFFERED OR SOLD UNLESS THE SECURITIES ARE REGISTERED UNDER THE
ACT OR PURSUANT TO AVAILABLE EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF
THE ACT AND THE COMPANY WILL BE PROVIDED WITH AN OPINION OF COUNSEL OR OTHER
SUCH INFORMATION AS IT MAY REASONABLY REQUIRE TO CONFIRM THAT SUCH EXEMPTIONS
ARE AVAILABLE. FURTHER TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE MADE
EXCEPT IN COMPLIANCE WITH THE ACT AND THE BLUE SKY LAWS.

                             MAYOR'S JEWELERS, INC.

                            Warrant for the Purchase
                            of Shares of Common Stock

August 20, 2002                                      12,424,595 Warrant Shares

                  FOR VALUE RECEIVED, Mayor's Jewelers, Inc., a Delaware
corporation (the "Company"), hereby certifies that Henry Birks & Sons Inc., a
Canadian corporation (the "Holder"), is entitled, subject to the provisions of
this Warrant, to purchase from the Company, at any time or from time to time
during the applicable Exercise Period (as hereinafter defined) the number of
fully paid and nonassessable shares of common stock of the Company, par value
$0.0001 per share (the "Common Stock"), set forth above, subject to adjustment
pursuant to Sections 7 and 8 hereof, at the applicable Exercise Price (as
hereinafter defined).

                  For purposes of this Warrant, "Warrant Shares" means the
12,424,595 shares of Common Stock deliverable upon exercise of this Warrant, as
of the date hereof, and as adjusted from time to time pursuant to the provisions
of this Warrant. Unless the context requires otherwise all references to Common
Stock and Warrant Shares in this Warrant shall, in the event of an adjustment
pursuant to Section 7 hereof, be deemed to refer also to any securities or
property then issuable upon exercise of this Warrant as a result of such
adjustment.

         Section 1. EXERCISE OF WARRANT. This Warrant may be exercised, as a
whole or in part, at any time or from time to time during the applicable
Exercise Period or, if such day is a day on which banking institutions in New
York City are authorized by law to close, then on the next succeeding day that
shall not be such a day, by presentation and surrender hereof to the Company at
its principal office (or at such other address as the Company may hereafter
notify the Holder in writing) with the Purchase Form annexed hereto duly
executed and accompanied by proper payment of the aggregate applicable Exercise
Price in lawful money of the United States of America in the form of a certified

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or cashier's check to the order of Mayor's Jewelers, Inc. or by wire transfer of
same day funds, for the number of Warrant Shares specified in such form. If this
Warrant should be exercised in part only, the Company shall, upon surrender of
this Warrant, execute and deliver a new Warrant evidencing the rights of the
Holder thereof to purchase the balance of the Warrant Shares purchasable
hereunder. Upon receipt by the Company of this Warrant and such Purchase Form,
together with the aggregate applicable Exercise Price (as hereinafter defined)
for the number of Warrant Shares specified in such Purchase Form, at its office,
the Company shall issue and deliver to or upon the written order of the Holder
and in such name or names as the Holder may designate, a certificate or
certificates for the Warrant Shares. Such certificate or certificates shall be
deemed to have been issued and any person so designated to be named therein
shall be deemed to have become the holder of record of such Warrant Shares as of
the date of the surrender of this Warrant, notwithstanding that the stock
transfer books of the Company shall then be closed or that certificates
representing such Warrant Shares shall not then be actually delivered to the
Holder or its designee. The Company shall pay any and all documentary stamp or
similar issue or transfer taxes payable in respect of the issue or delivery of
the Warrant Shares. Notwithstanding the foregoing, the Exercise Price may be
paid by surrendering a part of the Warrant having an aggregate Spread equal to
the aggregate Exercise Price of the part Warrant being exercised. With respect
to the Warrant, "Spread" means the Current Market Value (as hereinafter defined)
of the Warrant Shares issuable upon exercise of such part of the Warrant less
the Exercise Price of such part of the Warrant, in each case as adjusted as
provided herein.

         Section 2. EXERCISE PERIOD AND EXERCISE PRICE. (a) This Warrant shall
be exercisable during the period (the "Exercise Period") beginning the date of
execution of this Warrant Agreement (the "Original Issue Date") and ending at
5:00 p.m. (New York City time) on a date twenty (20) years from the execution of
this Warrant Agreement (the "Termination Date").

                  (b) "Exercise Price" means $0.40 per share, subject to
adjustment as herein provided.

         Section 3. AUTHORIZATION OF SHARES. The Company hereby agrees that upon
exercise of this Warrant all shares of its Common Stock shall be duly authorized
and, when issued upon such exercise in accordance with the terms of this
Warrant, shall be validly issued, fully paid and nonassessable, free and clear
of all liens, security interests, charges and other encumbrances or restrictions
on sale (other than any restrictions on sale pursuant to applicable federal and
state securities laws) and free and clear of all preemptive rights.

         Section 4. FRACTIONAL SHARES. The Company shall not be required to
issue fractional shares of Common Stock on the exercise of this Warrant. If any
fraction of a share of Common Stock would, except for the provisions of this

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Section 4, be issuable on the exercise of this Warrant (or specified portion
thereof), the Company shall pay an amount in cash calculated by it to be equal
to the then Current Market Value per share of Common Stock multiplied by such
fraction computed to the nearest whole cent. For the purposes of any computation
under this Warrant, the Current Market Value per share of Common Stock or of any
other equity security (herein collectively referred to as a "security") at the
date herein specified shall be:

                  (i) if the security is not registered under the Securities
         Exchange Act of 1934, as amended (the "Exchange Act"), the "Current
         Market Value" per share of the security shall be determined in good
         faith by the Board of Directors of the Company, or

                  (ii) if the security is registered under the Exchange Act, the
         "Current Market Value" per share of the security shall be deemed to be
         the average of the daily Market Prices (as hereinafter defined) of the
         security for the 10 consecutive trading days immediately preceding the
         day as of which Current Market Value is being determined or, if the
         security has been registered under the Exchange Act for less than 10
         consecutive trading days before such date, then the average of the
         daily Market Prices for all of the trading days before such date for
         which daily Market Prices are available. The Market Price for each such
         trading day shall be: (A) in the case of a security listed or admitted
         to trading on the New York Stock Exchange, American Stock Exchange or
         the Nasdaq Stock Market, the closing price on the primary exchange or
         stock market on which the Common Stock is then listed or quoted on, on
         such day, or if no sale takes place on such day, the average of the
         closing bid and asked prices on such day, (B) in the case of a security
         not then listed or admitted to trading on any securities exchange or
         stock market, the last reported sale price on such day, or if no sale
         takes place on such day, the average of the closing bid and asked
         prices on such day, as reported by a reputable quotation source
         designated by the Company, (C) in the case of a security not then
         listed or admitted to trading on any securities exchange or stock
         market and as to which no such reported sale price or bid and asked
         prices are available, the average of the reported high bid and low
         asked prices on such day, as reported by a reputable quotation service,
         or a newspaper of general circulation in the Borough of Manhattan, City
         and State of New York, customarily published on each business day,
         designated by the Company, or if there shall be no bid and asked prices
         on such day, the average of the high bid and low asked prices, as so
         reported, on the most recent day (not more than 10 days prior to the
         date in question) for which prices have been so reported, and (D) if
         there are no bid and asked prices reported during the 10 days prior to
         the date in question, the Current Market Value of the security shall be
         determined as if the security were not registered under the Exchange
         Act.

         Section 5. EXCHANGE, TRANSFER, ASSIGNMENT OR LOSS OF WARRANT. (a) This
Warrant is exchangeable, without expense, at the option of the Holder, upon
presentation and surrender hereof to the Company or at the office of its stock
transfer agent for other warrants of different denomination, entitling the
Holder thereof to purchase in the aggregate the same number of Warrant Shares
and otherwise carrying the same rights as this Warrant.

                  (b) This Warrant may be divided or combined by the Holder with
other warrants that carry the same rights upon presentation hereof at the office
of the Company together with a written notice specifying the names and

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denominations in which new warrants are to be issued and signed by the Holder
hereof. The term "Warrant" as used herein includes any warrants into which this
Warrant may be divided or for which it may be exchanged.

                  (c) Upon receipt by the Company of evidence satisfactory to it
of the loss, theft, destruction or mutilation of this Warrant, and (in the case
of loss, theft or destruction) of reasonably satisfactory indemnification, and
upon surrender and cancellation of this Warrant, if mutilated, the Company shall
execute and deliver to the Holder a new Warrant of like tenor and date.

         Section 6. RIGHTS OF THE HOLDER. The Holder shall not, by virtue
hereof, be entitled to any rights of a stockholder in the Company, either at law
or in equity, and the rights of the Holder are limited to those expressed in
this Warrant.

         Section 7. ANTIDILUTION PROVISIONS AND OTHER ADJUSTMENTS. (a) Special
Definitions. For purposes of this Section 7, the following definitions shall
apply:

                  (i) "OPTIONS" shall mean rights, options or warrants to
         subscribe for, purchase or otherwise acquire either Common Stock or
         Convertible Securities, except for options to purchase Common Stock
         outstanding on the Original Issue Date with an exercise price of $2.25
         per share or greater.

                  (ii) "CONVERTIBLE SECURITIES" shall mean any evidences of
         indebtedness, shares (other than Common Stock) or other securities
         convertible into or exchangeable for Common Stock.

                  (iii) "ADDITIONAL SHARES OF COMMON STOCK" shall mean any
         shares of Common Stock (1) issued (or, pursuant to Section 7(b), deemed
         to be issued) by the Company after the Original Issue Date, or (2) sold
         or exchanged by the Company in conjunction with an acquisition of the
         Company after the Original Issue Date, other than shares of Common
         Stock issued or issuable upon conversion of any Convertible Securities,
         or exercise of any Options, existing on the Original Issue Date.

                  (b) DEEMED ISSUE OF ADDITIONAL SHARES OF COMMON STOCK. In the
event that the Company at any time or from time to time after the Original Issue
Date shall issue any Options or Convertible Securities or shall fix a record
date for the determination of holders of any class of securities entitled to
receive any such Options or Convertible Securities, then the maximum number of
shares (as set forth in the instrument relating thereto without regard to any
provisions contained therein for a subsequent adjustment of such number) of
Common Stock issuable upon the exercise of such Options or, in the case of
Convertible Securities and Options therefor, the conversion or exchange of such
Convertible Securities, shall be deemed to be Additional Shares of Common Stock
issued as of the time of such issue or, in case such a record date shall have
been fixed, as of the close of business on such record date, PROVIDED that in
any such case in which Additional Shares of Common Stock are deemed to be
issued:

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                  (i) no further adjustment in the Exercise Price for the
         Warrant Shares shall be made upon the subsequent issue of (1)
         Convertible Securities or shares of Common Stock upon the exercise of
         such Options or (2) conversion or exchange of such Convertible
         Securities;

                  (ii) if such Options or Convertible Securities by their terms
         provide, with the passage of time or otherwise, for any increase in the
         consideration payable to the Company, or decrease in the number of
         shares of Common Stock issuable, upon the exercise, conversion or
         exchange thereof, the Exercise Price for the Warrant Shares computed
         upon the original issue thereof (or upon the occurrence of a record
         date with respect thereto), and any subsequent adjustments based
         thereon, shall, upon any such increase or decrease becoming effective,
         be recomputed to reflect such increase or decrease insofar as it
         affects such Options or the rights of conversion or exchange under such
         Convertible Securities; and

                  (iii) on the expiration or cancellation of any Options or the
         termination of the right to convert or exchange any Convertible
         Securities which shall have not been exercised, if the Exercise Price
         shall have been adjusted upon the original issuance thereof or shall
         have been subsequently adjusted pursuant to clause (ii) above, the
         Exercise Price shall be recomputed as if:

                           (A) in the case of Convertible Securities or Options
                  for Common Stock, the only Additional Shares of Common Stock
                  issued were shares of Common Stock, if any, actually issued
                  upon the exercise of such Options or the conversion or
                  exchange of such Convertible Securities, and the consideration
                  received therefor was the consideration actually received by
                  the Company for the issuance of all such Options, whether or
                  not exercised, plus the consideration actually received by the
                  Company upon such exercise, or for the issuance of all such
                  Convertible Securities which were actually converted or
                  exchanged plus the consideration actually received by the
                  Company upon such conversion or exchange, if any, and

                           (B) in the case of Options for Convertible
                  Securities, only the Convertible Securities, if any, actually
                  issued upon the exercise thereof were issued at the time of
                  issue of such Options and the consideration received by the
                  Company for the Additional Shares of Common Stock deemed to
                  have been then issued was the consideration actually received
                  by the Company for the issuance of all such Options, whether
                  or not exercised, plus the consideration deemed to have been
                  received by the Company upon the issuance of the Convertible
                  Securities with respect to which such Options were actually
                  exercised;

                  (iv) no readjustment pursuant to clause (ii) or (iii) above
         shall have the effect of increasing the Exercise Price to an amount
         which exceeds the Exercise Price on the original adjustment date.

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                  (c) ADJUSTMENT OF EXERCISE PRICE UPON ISSUANCE OF ADDITIONAL
SHARES OF COMMON STOCK. In the event that the Company shall issue Additional
Shares of Common Stock (including Additional Shares of Common Stock deemed to be
issued pursuant to Section 7(b)), then and in such event, the Exercise Price
shall be reduced, concurrently with such issuance with respect to the Warrant
Shares, to a price (calculated to the nearest cent) determined by multiplying
the Exercise Price by a fraction (x) the numerator of which shall be the number
of shares of Common Stock outstanding immediately prior to such issuance and (y)
the denominator of which shall be (1) the number of shares of Common Stock
outstanding immediately prior to such issuance plus (2) the number of such
Additional Shares of Common Stock so issued or deemed to be issued; PROVIDED
that, for the purposes of this Section 7(c), all shares of Common Stock issuable
(i) upon exercise of this Warrant, (ii) upon conversion of all outstanding
Convertible Securities, and (iii) upon the exercise of all outstanding Options,
shall be deemed to be outstanding, and immediately after any Additional Shares
of Common Stock are deemed issued pursuant to Section 7(b), such Additional
Shares of Common Stock shall be deemed to be outstanding.

                  (d) ADJUSTMENT OF NUMBER OF WARRANT SHARES UPON ISSUANCE OF
ADDITIONAL SHARES OF COMMON STOCK. In the event that the Company shall issue
Additional Shares of Common Stock (including Additional Shares of Common Stock
deemed to be issued pursuant to Section 7(b) and excluding shares of Common
Stock issued upon conversion of any Convertible Security or exercise of any
Option provided that the number of Warrant Shares was adjusted pursuant to
Section 7(b) upon the issuance of the Convertible Security or the Option), then
and in such event, the number of Warrant Shares shall be increased, concurrently
with such issuance, to an amount (calculated to the nearest Warrant Share)
determined by multiplying the number of Warrant Shares by a fraction (x) the
numerator of which shall be the sum of (1) the number of shares of Common Stock
outstanding immediately prior to such issuance, plus (2) the number of such
Additional Shares of Common Stock so issued or deemed to be issued and (y) the
denominator of which shall be the number of shares of Common Stock outstanding
immediately prior to such issuance; PROVIDED that, for the purposes of this
Section 7(d), all shares of Common Stock issuable (i) upon exercise of this
Warrant, (ii) upon conversion of all outstanding Convertible Securities, and
(iii) upon the exercise of all outstanding Options, shall be deemed to be
outstanding, and immediately after any Additional Shares of Common Stock are
deemed issued pursuant to Section 7(b), such Additional Shares of Common Stock
shall be deemed to be outstanding.

                  (e) ADJUSTMENTS FOR STOCK DIVIDENDS, SUBDIVISIONS,
COMBINATIONS, OR CONSOLIDATIONS. In the event that the Company shall pay a stock
dividend on the Common Stock, or the outstanding shares of Common Stock shall be
subdivided, combined or consolidated, by reclassification, stock split or
otherwise, into a greater or lesser number of shares of Common Stock, the
Exercise Price and the Number of Warrant Shares in effect immediately prior to
such dividend, subdivision, combination or consolidation shall, concurrently
with the effectiveness of such dividend, subdivision, combination or
consolidation, be proportionately decreased or increased, as appropriate.

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         Section 8. RECLASSIFICATION, REORGANIZATION, CONSOLIDATION OR MERGER.
In the event of any reclassification, capital reorganization or other change of
outstanding shares of Common Stock of the Company (other than a subdivision or
combination of the outstanding Common Stock, a change in the par value of the
Common Stock or a transaction subject to Section 7) or in the event of any
consolidation or merger of the Company with or into another corporation (other
than a merger in which merger the Company is the continuing corporation and that
does not result in any reclassification, capital reorganization or other change
of outstanding shares of Common Stock of the class issuable upon exercise of
this Warrant) or in the event of any sale, lease, transfer or conveyance to
another corporation of the property and assets of the Company as an entirety or
substantially as an entirety, the Company shall, as a condition precedent to
such transaction, cause effective provisions to be made so that such other
corporation shall assume all of the obligations of the Company hereunder and the
Holder shall have the right thereafter, by exercising this Warrant, to purchase
the kind and amount of shares of stock and other securities and property
(including cash) receivable upon such reclassification, capital reorganization
and other change, consolidation, merger, sale, lease, transfer or conveyance by
a holder of the number of shares of Common Stock that would have been received
upon exercise of this Warrant immediately prior to such reclassification,
capital reorganization, change, consolidation, merger, sale, lease or
conveyance. Any such provision shall include provision for adjustments in
respect of such shares of stock and other securities and property that shall be
as nearly equivalent as may be practicable to the adjustments provided for in
this Warrant. The foregoing provisions of this Section 8 shall similarly apply
to successive reclassification, capital reorganizations and changes of shares of
Common Stock and to successive changes, consolidations, mergers, sales, leases,
transfers or conveyances. In the event that in connection with any such capital
reorganization, or reclassification, consolidation, merger, sale, lease,
transfer or conveyance, additional shares of Common Stock shall be issued in
exchange, conversion, substitution or payment, as a whole or in part, for, or
of, a security of the Company other than Common Stock, any such issue shall be
treated as an issue of Common Stock covered by the provisions of Section 7.

         Section 9. TRANSFER TO COMPLY WITH THE SECURITIES ACT. Neither this
Warrant, nor any of the Warrant Shares, nor any interest therein, may be sold,
assigned, pledged, hypothecated, encumbered or in any other manner transferred
or disposed of, as a whole or in part, except in compliance with applicable
United States federal and state securities or Blue Sky laws and the terms and
conditions hereof. Each Warrant shall bear a legend in substantially the same
form as the legend set forth on the first page of this initial Warrant. Each
certificate for Warrant Shares issued upon exercise of this Warrant, unless at
the time of exercise such exercise is registered under the Securities Act of
1933, as amended (the "Securities Act"), shall bear a legend substantially in
the following form:

                  THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
                  REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
                  "ACT") NOR REGISTERED OR QUALIFIED UNDER THE SECURITIES OR
                  BLUE SKY LAWS OF ANY STATE. THE SECURITIES ARE "RESTRICTED"
                  AND MAY NOT BE OFFERED OR SOLD UNLESS THE SECURITIES ARE
                  REGISTERED UNDER THE ACT OR PURSUANT TO AVAILABLE EXEMPTIONS

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                  FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND THE COMPANY
                  WILL BE PROVIDED WITH AN OPINION OF COUNSEL OR OTHER SUCH
                  INFORMATION AS IT MAY REASONABLY REQUIRE TO CONFIRM THAT SUCH
                  EXEMPTIONS ARE AVAILABLE.

Any certificate for any Warrant Shares issued at any time in exchange or
substitution for any certificate for any Warrant Shares bearing such legend
(except a new certificate for any Warrant Shares issued after registration of
such Warrant Shares under the Securities Act) shall also bear such legend
unless, in the opinion of counsel for the Company, the Warrant Shares
represented thereby need no longer be subject to the restriction contained
herein. The provisions of this Section 9 shall be binding upon all subsequent
holders of certificates for Warrant Shares bearing the above legend and all
subsequent Holders of this Warrant, if any. Warrant Shares sold pursuant to a
Registration Statement under the Securities Act pursuant to Section 12, sold by
the holder thereof in compliance with Rule 904 of the Securities Act or sold by
the holder thereof in compliance with Rule 144 under the Securities Act shall
thereafter cease to be deemed to be "Warrant Shares" for all purposes of this
Warrant.

         Section 10. LISTING ON SECURITIES EXCHANGES. The Company shall use its
reasonable efforts to list on each national securities exchange or inter-dealer
quotation system on which any Common Stock may at any time be listed all shares
of Common Stock from time to time issuable upon conversion of the Preferred
Stock and the Company shall maintain such listing of all shares of Common Stock
issuable upon the conversion of the Preferred Stock so long as any shares of its
Common Stock shall be so listed on such national securities exchange or
inter-dealer quotation system. Any such listing shall be at the Company's
expense.

         Section 11. AVAILABILITY OF INFORMATION. The Company shall comply with
the reporting requirements of Sections 13 and 15(d) of the Exchange Act to the
extent it is required to do so under the Exchange Act, and shall likewise comply
with all other applicable public information reporting requirements of the
Securities and Exchange Commission (including those required to make available
the benefits of Rule 144 under the Securities Act) to which it may from time to
time be subject. The Company shall also cooperate with the holder of this
Warrant and the holder of any Warrant Shares in supplying such information as
may be necessary for such holder to complete and file any information reporting
forms currently or hereafter required by the Commission as a condition to the
availability of Rule 144 or any successor rule under the Securities Act for the
sale of this Warrant or the Warrant Shares. The provisions of this Section 11
shall survive termination of this Warrant, whether upon exercise of this Warrant
in full or otherwise. The Company shall also provide to holders of this Warrant
the same information that it provides to holders of its Common Stock.

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         Section 12. SUCCESSORS AND ASSIGNS. All the provisions of this Warrant
by or for the benefit of the Company or the Holder shall bind and inure to the
benefit of their respective successors, assigns, heirs and personal
representatives.

         Section 13. HEADINGS. The headings of sections of this Warrant have
been inserted for convenience of reference only, are not to be considered a part
hereof and shall in no way modify or restrict any of the terms or provisions
hereof.

         Section 14. AMENDMENTS. This Warrant may not be amended except by the
written consent of the Company and the Holder.

         Section 15. NOTICES. Unless otherwise provided in this Warrant, any
notice or other communication or mailing required or permitted to be made or
given to any party hereto pursuant to this Warrant shall be deemed made or given
if delivered by hand on the date of such delivery to such party or, if mailed,
on the fifth day after the date of mailing, if sent to such party by certified
or registered mail or air mail, postage prepaid, addressed to it (in the case of
the Holder) at its address at Henry Birks & Sons Holdings Ltd., 1240 Square
Phillips, Montreal, Quebec, Canada H3B 3H4, Attention: General Counsel, or (in
the case of the Company) at its address at Mayor's Jewelers, Inc., 14051 N.W.
14th Street, Sunrise, Florida 33323, Attention: Chief Executive Officer, or to
such other address as is designated by written notice, similarly given to each
other party hereto.

         Section 16. GOVERNING LAW; JURISDICTION. This Warrant shall be governed
by, and construed in accordance with, the laws of the State of New York
applicable to contracts executed in and to be performed in that State. All
actions and proceedings arising out of or relating to this Agreement shall be
heard and determined exclusively in any New York state or federal court sitting
in the Borough of Manhattan of The City of New York. The parties hereto hereby
(a) submit to the exclusive jurisdiction of any state or federal court sitting
in the Borough of Manhattan of The City of New York for the purpose of any
Action arising out of or relating to this Agreement brought by any party hereto,
and (b) irrevocably waive, and agree not to assert by way of motion, defense, or
otherwise, in any such Action, any claim that it is not subject personally to
the jurisdiction of the above-named courts, that its property is exempt or
immune from attachment or execution, that the Action is brought in an
inconvenient forum, that the venue of the Action is improper, or that this
Agreement or the transactions contemplated by this Agreement may not be enforced
in or by any of the above-named courts.

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                  IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be duly executed, as of the day and year first above written.

                                    MAYOR'S JEWELERS, INC.

                                    By:  /s/ Mark Weinstein
                                         --------------------------------------
                                         Name:   Mark Weinstein
                                         Title:  Chief Operating Officer and
                                                 Senior Vice President

                          ACKNOWLEDGMENT AND AGREEMENT

                  By signing below, the Holder of this Warrant does hereby
acknowledge receipt hereof and does hereby agree to be bound by the terms and
conditions hereof.

                             HENRY BIRKS & SONS INC.

                             By: /s/ Thomas A. Andruskevich
                                -----------------------------------------------
                                  Name:   Thomas A. Andruskevich
                                  Title:  President and Chief Executive Officer

                                       10
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                                  PURCHASE FORM

To:  Mayor's Jewelers, Inc.

         The undersigned irrevocably exercises the Warrant for the purchase of
____________________ shares (subject to adjustment) of Common Stock of Mayor's
Jewelers, Inc., for the Warrant and herewith makes payment of
$____________________ (the "Exercise Price") through the following method:

                  [ ]      such payment of the Exercise Price being in cash or
                           by certified or official bank check payable to the
                           order of Mayor's Jewelers, Inc.

                  or

                  [ ]      such payment of the Exercise Price made by
                           surrendering of such additional part of the Warrant
                           having an aggregate Spread (as such term is defined
                           in the Warrant Agreement) equal to the aggregate
                           Exercise Price,

all at the Exercise Price and on the terms and conditions specified in the
within the Warrant Agreement therein referred to, surrenders the Warrant and all
right, title and interest therein to Mayor's Jewelers, Inc. and directs (subject
to Section 9 of the Warrant Agreement) that the shares of Common Stock
deliverable upon the exercise of such Warrant be registered or placed in the
name and at the address specified below and delivered thereto.

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                  The undersigned hereby certifies to Mayor's Jewelers, Inc.
that it is, at the time of exercise of the Warrant, an "accredited investor" as
defined in Rule 501(a) of the Securities Act of 1933, as amended.

Date:                ,
       --------------  ----

                                        -----------------------------------
                                        (Signature of Owner)(1)

                                        -----------------------------------
                                        (Street Address)

                                        -----------------------------------
                                        (City)      (State)      (Zip Code)

Securities and/or check to be issued to:

Please insert social security or identifying number:

Name:

Street Address:

City, State and Zip Code:

--------
(1)      The signature must correspond with the name as written upon the face of
         the within Warrant in every particular, without alteration or
         enlargement or any change whatever.

                                       12
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Any unexercised part of the Warrant evidenced by the within Warrant to be issued
to:

Please insert social security or identifying number:

Name:

Street Address:

City, State and Zip Code:

                                       13
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                               FORM OF ASSIGNMENT

                  FOR VALUE RECEIVED the undersigned registered holder of the
within Warrant hereby sells, assigns, and transfers unto the Assignee(s) named
below (including the undersigned with respect to any part of the Warrant not
being assigned hereby) all of the right of the undersigned under the within
Warrant, with respect to the number of shares of Common Stock set forth below:

<TABLE>
<CAPTION>

------------------------------- -------------------------------------- ----------------------- -----------------------
                                                                         SOCIAL SECURITY OR     NUMBER OF SHARES OF
                                                                         OTHER IDENTIFYING     COMMON STOCK ASSIGNED
NAME OF ASSIGNEE                ADDRESS OF ASSIGNEE                      NUMBER OF ASSIGNEE         TO ASSIGNEE
------------------------------- -------------------------------------- ----------------------- -----------------------
<S>                             <C>                                    <C>                     <C>

------------------------------- -------------------------------------- ----------------------- -----------------------

------------------------------- -------------------------------------- ----------------------- -----------------------

------------------------------- -------------------------------------- ----------------------- -----------------------
</TABLE>

and does hereby irrevocably constitute and appoint ______________________ as the
undersigned's attorney to make such transfer on the books of
______________________ (Mayor's Jewelers, Inc. or other such party) maintained
for that purpose, with full power of substitution in the premises.

Date:                ,
       --------------  ----

                                        -----------------------------------
                                        (Signature of Owner)(1)

                                        -----------------------------------
                                        (Street Address)

                                        -----------------------------------
                                        (City)      (State)      (Zip Code)

--------
(1)      The signature must correspond with the name as written upon the face of
         the within Warrant in every particular, without alteration or
         enlargement or any change whatever.

                                       14<PAGE>

                              --------------------

                          REGISTRATION RIGHTS AGREEMENT

                              --------------------

                                     Between

                             MAYOR'S JEWELERS, INC.

                                       and

                             HENRY BIRKS & SONS INC.

                           Dated as of August 20, 2002

<PAGE>

                  REGISTRATION RIGHTS AGREEMENT (this "AGREEMENT"), dated as of
August 20, 2002, between Mayor's Jewelers, Inc., a Delaware corporation (the
"SELLER"), and Henry Birks & Sons Inc., a Canadian corporation (the
"PURCHASER").

                  WHEREAS, subject to the terms and subject to the conditions
set forth in an Investment Agreement dated the date hereof between the Seller
and the Purchaser, wherein the Purchaser has subscribed for and purchased from
the Seller, and the Seller has issued and sold to the Purchaser, a total of
15,050 shares of Series A Convertible Preferred Stock of the Seller (the
"Shares") convertible into 50,166,617 shares of, and warrants (the "Warrants")
exercisable to purchase 37,272,787 shares of, the Common Stock, par value
$0.0001 (the "Common Stock"), of the Seller;

                  WHEREAS, the Shares and the Warrants and the Common Stock
issuable upon conversion of the Shares or exercise of the Warrants have not been
registered under the Securities Act of 1993, as amended (the "Securities Act");

                  WHEREAS the Seller and the Purchaser are entering into this
Agreement to provide for certain rights and obligations with respect to the
registration under the Securities Act of the Common Stock issuable upon
conversion of the Shares or exercise of the Warrants.

                  NOW, THEREFORE, in consideration of the premises and the
mutual agreements and covenants hereinafter set forth, the Seller and the
Purchaser hereby agree as follows:

                  SECTION 1. S-3 REGISTRATION STATEMENT. At any time six months
following the date hereof, upon the written request of the Purchaser, the Seller
shall be obligated to:

                  (a) Prepare and file a registration statement with the SEC on
Form S-3 under the Securities Act (or in the event that the Seller is ineligible
to use such form, such other form as the Seller is eligible to use under the
Securities Act) (the "Registration Statement") covering the resale of the Common
Stock held by the Purchaser following conversion of its Shares or upon exercise
of its Warrants (the "Registrable Securities"), which Registration Statement
(including any amendments or supplements thereto and prospectuses contained
therein) shall not contain any untrue statement of a material fact or omit to
state a material fact required to be stated therein, or necessary to make the
statements therein not misleading. Such Registration Statement shall, in
addition and without limitation, register (pursuant to Rule 416 under the
Securities Act, or otherwise) such additional indeterminate number of
Registrable Securities as shall be necessary to prevent dilution resulting from
stock splits, stock dividends or similar transactions. Thereafter, the Seller
shall use its reasonable best efforts to cause such Registration Statement and
other filings to be declared effective as soon as practicable.

                  (b) Prepare and file with the SEC such amendments and
supplements to such Registration Statement and the prospectus used in connection
with such Registration Statement as may be necessary to keep the Registration
Statement effective and to comply with the provisions of the Securities Act with
respect to the disposition of all securities covered by such Registration
Statement as set forth in the Registration Statement and then on a continuous
basis in accordance with Rule 415 under the Securities Act; and, notify the
Purchaser of the effectiveness of such Registration Statement and any amendments
or supplements thereto.

                                       1
<PAGE>

                  (c) Furnish to the Purchaser such numbers of copies of a
current prospectus conforming with the requirements of the Securities Act,
copies of the Registration Statement, any amendment or supplement thereto and
any documents incorporated by reference therein and such other documents as the
Purchaser may reasonably require in order to facilitate the disposition of
Registrable Securities owned by the Purchaser.

                  (d) Register and qualify, or obtain an appropriate exemption
from registration or qualification for, the securities covered by such
Registration Statement under such other securities or "Blue Sky" laws of each
jurisdiction of the United States as the Purchaser may reasonably request, (B)
prepare and file in those jurisdictions such supplements (including
post-effective amendments) and supplements to such registrations and
qualifications as may be necessary to maintain the effectiveness thereof, (C)
take such other actions as may be necessary to maintain such registrations and
qualifications in effect at all times, and (D) take all other actions reasonably
necessary or advisable to qualify the Registrable Securities for sale in such
jurisdictions; provided that the Seller shall not be required in connection
therewith or as a condition thereto to qualify to do business as a foreign
corporation in any jurisdiction in which it is not now qualified, or to file a
general consent to service of process in any jurisdiction with respect to
matters unrelated to the issuance of the Common Stock pursuant hereto.

                  (e) Promptly notify the Purchaser in writing of the happening
of any such event as a result of which the prospectus (including any supplements
thereto or thereof) included in such Registration Statement, as then in effect,
includes an untrue statement of material fact or omits to state a material fact
required to be stated therein or necessary to make the statements therein not
misleading in light of the circumstances then existing, and use its reasonable
best efforts to promptly update and/or correct such prospectus to correct such
untrue statement or omission, and deliver such number of copies of such
supplement or amendment to the Purchaser as the Purchaser may reasonably
request.

                  (f) Promptly notify the Purchaser of the issuance by the SEC
or any state securities commission or agency of any stop order suspending the
effectiveness of the Registration Statement or the initiation of any proceedings
for that purpose. The Seller shall take all actions necessary to prevent the
issuance of any stop order and, if any stop order is issued, to obtain the
lifting thereof at the earliest possible time.

                  (g) Permit counsel, designated by the Purchaser to review (A)
the Registration Statement and (B) all amendments and supplements thereto
relating to information concerning the Purchaser within a reasonable period of
time prior to filing thereof, to the extent practicable.

                  (h) List the Registrable Securities covered by such
Registration Statement with all securities exchange(s) and/or markets on which
the Common Stock is then listed and prepare and file any required filings with
the National Association of Securities Dealers, Inc. or any exchange or market
where the shares of Common Stock are traded.

                  (i) If applicable, take all steps necessary to enable the
Purchaser to avail itself of the prospectus delivery mechanism set forth in Rule
153 (or successor thereto) under the Securities Act.

                                       2
<PAGE>

                  (j) Provide a CUSIP number and a transfer agent and registrar,
which may be a single entity, for the Registrable Securities not later than the
effective date of the Registration Statement.

                  (k) At the reasonable request of the Purchaser, prepare and
file with the SEC such amendments (including post-effective amendments) and
supplements to the Registration Statement and the prospectus used in connection
with the Registration Statement as may be necessary in order to change the plan
of distribution set forth in such Registration Statement.

                  (l) Furnish to the Purchasers (i) a "10b-5 negative assurances
letter" from the Seller's counsel and (ii) an independent auditor's comfort
letter, each of which shall be addressed to the Purchaser and similar to such as
would be provided in an underwritten offering.

                  (m) In the event of any underwritten public offering, enter
into and perform its obligations under an underwriting agreement, in usual and
customary form, with the managing underwriter of such offering.

                  SECTION 2. SUSPENSION OF REGISTRATION STATEMENT. Upon written
notice to the Purchaser, the Seller may suspend the use of any prospectus used
in connection with the Registration Statement if the Board of Directors of the
Seller determines in good faith based upon advice of counsel that the use of the
prospectus would be misleading because of material non-public information known
to the Seller and disclosure of which is determined by the Board of Directors to
be materially detrimental to the Seller and is not otherwise required by law;
provided, however, that the Seller may utilize this provision only once in any
twelve (12) month period and any such suspension shall not exceed forty-five
(45) calendar days. The Seller will use its reasonable best efforts to cause any
such suspension to terminate at the earliest possible date.

                  SECTION 3. EXPENSES. The Seller shall pay the expenses
incurred by it in complying with its obligations under this Agreement, including
all registration and filing fees, exchange listing fees, the fees and expenses
of counsel for the Seller, the reasonable fees and expenses of one counsel
retained by the Purchaser or the Purchasers, which counsel shall be reasonably
satisfactory to the Seller, and the fees and expenses of accountants for the
Seller, but excluding any brokerage fees, selling commissions or underwriting
discounts incurred by the Purchaser in connection with sales under the
Registration Statement.

                  SECTION 4. REGISTRATION OTHER THAN ON FORM S-3. The Seller
shall seek to continue to qualify for registration on Form S-3 or any comparable
or successor form or forms, or in the event that the Seller is ineligible to use
form, such form as the Seller is eligible to use under the Securities Act. If
the Seller is ineligible to use Form S-3, the Purchaser may, on demand, require
the Seller to register the Registrable Securities under the Securities Act on
such other form the Seller is eligible to use, and may require the Seller to do
so on up to three (3) separate registration statements; in addition to other
rights of the Purchasers under this Agreement, the Purchaser may require the
Seller to register the Registrable Securities on any registration statement of
the Seller filed with the SEC for purposes of a public offering of the Seller's
securities.

                                       3
<PAGE>

                  SECTION 5. EFFECTIVENESS OF REGISTRATION STATEMENT. In the
case of the registration effected by the Seller pursuant to this Agreement, the
Seller will use its reasonable best efforts to keep such registration effective
until the Purchaser has completed the sales or distribution described in the
Registration Statement relating thereto or, if earlier, until such Registrable
Securities may be sold under Rule 144(k) (provided that the Seller's transfer
agent has accepted an instruction from the Seller to such effect).

                  SECTION 6. INDEMNIFICATION. (a) The Seller will indemnify the
Purchaser, each of its directors, officers and partners, and each person
controlling the Purchaser within the meaning of Section 15 of the Securities Act
and the rules and regulations thereunder, against all claims, losses, damages
and liabilities (or actions in respect thereof) arising out of or based on any
untrue statement (or alleged untrue statement) of a material fact contained in
any registration statement, prospectus, offering circular or other document
incident to any registration, qualification or compliance effected by the Seller
pursuant to this Agreement, or based on any omission (or alleged omission) to
state therein a material fact required to be stated therein or necessary to make
the statements therein not misleading, or any violation by the Seller of the
Securities Act or any state securities law or in either case, any rule or
regulation thereunder applicable to the Seller and relating to action or
inaction required of the Seller in connection with any such registration,
qualification or compliance, and will reimburse the Purchaser, each of its
officers, directors and partners, and each person controlling the Purchaser, for
any legal and any other expenses reasonably incurred in connection with
investigating and defending any such claim, loss, damage, liability or action,
provided that the Seller will not be liable in any such case to the Purchaser to
the extent that any such claim, loss, damage, liability or expense arises out of
or is based on any untrue statement or omission based upon written information
furnished to the Seller by or on behalf of the Purchaser therefor and stated to
be specifically for use therein. The indemnity agreement contained in this
Agreement shall not apply to amounts paid in settlement of any such loss, claim,
damage, liability or action if such settlement is effected without the consent
of the Seller (which consent will not be unreasonably withheld).

                  (a) The Purchaser (the "Indemnifying Purchaser") will
severally indemnify the Seller, each of its directors, officers and partners,
each person who controls the Seller within the meaning of Section 15 of the
Securities Act and the rules and regulations thereunder, against all claims,
losses, damages and liabilities (or actions in respect thereof) arising out of
or based on any untrue statement (or alleged untrue statement) of a material
fact contained in any such registration statement, prospectus, offering circular
or other document, or any omission (or alleged omission) to state therein a
material fact required to be stated therein or necessary to make the statement
therein not misleading, and will reimburse the Seller and its directors,
officers and partners, or control persons for any legal or any other expenses
reasonably incurred in connection with investigating and defending any such
claim, loss, damage, liability or action, in each case to the extent, but only
to the extent, that such untrue statement (or alleged untrue statement) or
omission (or alleged omission) is made in such registration statement,
prospectus, offering circular or other document in reliance upon and in
conformity with written information furnished to the Seller by such Indemnifying
Purchaser and stated to be specifically for use therein; provided, however, that
the obligations of an Indemnifying Purchaser hereunder shall be limited to an
amount equal to the net proceeds received by such Indemnifying Purchaser of
securities sold pursuant to the Registration Statement. The indemnity agreement

                                       4
<PAGE>

contained in this Agreement shall not apply to amounts paid in settlement of any
such claims, losses, damages or liabilities if such settlement is effected
without the consent of the Indemnifying Purchaser (which consent shall not be
unreasonably withheld).

                  (b) Each party entitled to indemnification under this
Agreement (the "Indemnified Party") shall give notice to the party required to
provide indemnification (the "Indemnifying Party") promptly after such
Indemnified Party has actual knowledge of any claim as to which indemnity may be
sought, and shall permit the Indemnifying Party to assume the defense of any
such claim or any litigation resulting therefrom; provided that counsel for the
Indemnifying Party, who shall conduct the defense of such claim or any
litigation resulting therefrom, shall be approved by the Indemnified Party
(whose approval shall not unreasonably be withheld) and the Indemnified Party
may participate in such defense at the Indemnified Party's expense (unless the
Indemnified Party shall have reasonably concluded that there may be a conflict
of interest between the Indemnifying Party and the Indemnified Party in such
action, in which case the fees and expenses of counsel shall be at the expense
of the Indemnifying Party), and provided further that the failure of any
Indemnified Party to give notice as provided herein shall not relieve the
Indemnifying Party of its obligations under this Agreement unless, and only to
the extent that, the Indemnifying Party is materially prejudiced thereby. No
Indemnifying Party, in the defense of any such claim or litigation shall, except
with the consent of each Indemnified Party, consent to entry of any judgment or
enter into any settlement which does not include as an unconditional term
thereof the giving by the claimant or plaintiff to such Indemnified Party of a
release from all liability in respect to such claim or litigation. Each
Indemnified Party shall furnish such information regarding itself or the claim
in question as an Indemnifying Party may reasonably request in writing and as
shall be reasonably required in connection with the defense of such claim and
litigation resulting therefrom.

                  (c) If the indemnification provided for in this Agreement is
held by a court of competent jurisdiction to be unavailable to an Indemnified
Party with respect to any loss, liability, claim, damage or expense referred to
herein, then the Indemnifying Party, in lieu of indemnifying such Indemnified
Party hereunder, shall contribute to the amount paid or payable by such
Indemnified Party as a result of such loss, liability, claim, damage or expense
in such proportion as is appropriate to reflect the relative fault of the
Indemnifying Party on the one hand and of the Indemnified Party on the other in
connection with the statements or omissions which resulted in such loss,
liability, claim, damage or expense, as well as any other relevant equitable
considerations. The relative fault of the Indemnifying Party and of the
Indemnified Party shall be determined by reference to, among other things,
whether the untrue (or alleged untrue) statement of a material fact or the
omission (or alleged omission) to state a material fact relates to information
supplied by the Indemnifying Party or by the Indemnified Party and the parties'
relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission. Notwithstanding the provisions of this
Section, the Purchaser shall not be required to contribute any amount in excess
of the gross proceeds received by the Purchaser from securities sold pursuant to
the Registration Statement.

                  (d) Notwithstanding the foregoing, to the extent that the
provisions on indemnification and contribution contained in the underwriting
agreement entered into in connection with any underwritten public offering
contemplated by this Agreement are in conflict with the foregoing provisions,
the provisions in such underwriting agreement shall be controlling.

                                       5
<PAGE>

                  SECTION 7. AVAILABLE INFORMATION. With a view to making
available the benefits of certain rules and regulations of the SEC which may
permit the sale of restricted securities to the public without registration, the
Seller agrees to use its reasonable best efforts to (i) make and keep public
information available as those terms are understood and defined in Rule 144
under the Securities Act, or any successor rule, at all times after the date
hereof, (ii) use its reasonable best efforts to file with the SEC in a timely
manner all reports and other documents required of the Seller under the
Securities Act and the Exchange Act at any time, and (iii) so long as the
Purchaser owns any Registrable Securities, furnish to the Purchaser upon
request, a written statement by the Seller as to its compliance with the
reporting requirements of Rule 144, and of the Securities Act and the Exchange
Act, a copy of the most recent annual or quarterly report of the Seller, and
such other reports and documents so filed as the Purchaser may reasonably
request in availing itself of any rule or regulation of the SEC allowing the
Purchaser to sell any such securities without registration.

                  SECTION 8. NOTICE TO THE SELLER. The Purchaser shall notify
the Seller in writing promptly after, and in no event later than five (5)
business days after, the sale or other disposition by the Purchaser of any of
the Registrable Securities.

                  SECTION 9. SEVERABILITY. If any term or other provision of
this Agreement is invalid, illegal or incapable of being enforced by any Law or
public policy, all other terms and provisions of this Agreement shall
nevertheless remain in full force and effect for so long as the economic or
legal substance of the transactions contemplated by this Agreement is not
affected in any manner materially adverse to any party. Upon such determination
that any term or other provision is invalid, illegal or incapable of being
enforced, the parties hereto shall negotiate in good faith to modify this
Agreement so as to effect the original intent of the parties as closely as
possible in an acceptable manner in order that the transactions contemplated by
this Agreement are consummated as originally contemplated to the greatest extent
possible.

                  SECTION 10. NO THIRD PARTY BENEFICIARIES. Except for the
provisions of Section 1.06 relating to indemnified parties, this Agreement shall
be binding upon and inure solely to the benefit of the parties hereto and their
permitted assigns and nothing herein, express or implied, is intended to or
shall confer upon any other Person, including, without limitation, any union or
any employee or former employee of the Seller, any legal or equitable right,
benefit or remedy of any nature whatsoever, including, without limitation, any
rights of employment for any specified period, under or by reason of this
Agreement.

                  SECTION 11. CURRENCY. Unless otherwise specified in this
Agreement, all references to currency, monetary values and dollars set forth
herein shall mean United States (U.S.) dollars and all payments hereunder shall
be made in United States dollars.

                  SECTION 12. GOVERNING LAW. This Agreement shall be governed
by, and construed in accordance with, the laws of the State of New York
applicable to contracts executed in and to be performed in that State. All
actions and proceedings arising out of or relating to this Agreement shall be
heard and determined exclusively in any New York state or federal court sitting
in the Borough of Manhattan of The City of New York. The parties hereto hereby
(a) submit to the exclusive jurisdiction of any state or federal court sitting
in the Borough of Manhattan of The City of New York for the purpose of any

                                       6
<PAGE>

Action arising out of or relating to this Agreement brought by any party hereto,
and (b) irrevocably waive, and agree not to assert by way of motion, defense, or
otherwise, in any such Action, any claim that it is not subject personally to
the jurisdiction of the above-named courts, that its property is exempt or
immune from attachment or execution, that the Action is brought in an
inconvenient forum, that the venue of the Action is improper, or that this
Agreement or the transactions contemplated by this Agreement may not be enforced
in or by any of the above-named courts.

                  SECTION 13. WAIVER OF JURY TRIAL. Each of the parties hereto
hereby waives to the fullest extent permitted by applicable law any right it may
have to a trial by jury with respect to any litigation directly or indirectly
arising out of, under or in connection with this Agreement or the transactions
contemplated by this Agreement. Each of the parties hereto (a) certifies that no
representative, agent or attorney of any other party has represented, expressly
or otherwise, that such other party would not, in the event of litigation, seek
to enforce that foregoing waiver and (b) acknowledges that it and the other
party hereto have been induced to enter into this Agreement and the transactions
contemplated by this Agreement, as applicable, by, among other things, the
mutual waivers and certifications in this Section 13.

                  SECTION 14. HEADINGS. The descriptive headings contained in
this Agreement are included for convenience of reference only and shall not
affect in any way the meaning or interpretation of this Agreement.

                  SECTION 15. COUNTERPARTS. This Agreement may be executed and
delivered (including by facsimile transmission) in one or more counterparts, and
by the different parties hereto in separate counterparts, each of which when
executed shall be deemed to be an original, but all of which taken together
shall constitute one and the same agreement.

                  SECTION 16. ASSIGNMENT. The Purchaser may assign its
registration rights under this Agreement in connection with a transfer of the
Registrable Securities, prior to the date of the initial filing of the
Registration Statement with the SEC, to an affiliate of the Purchaser, provided
each such transferee agrees in a written instrument delivered to the Seller to
be bound by this Agreement.

                                       7
<PAGE>

                  IN WITNESS WHEREOF, the Seller and the Purchaser have caused
this Agreement to be executed as of the date first written above by their
respective officers thereunto duly authorized.

                                  MAYOR'S JEWELERS, INC.

                                  By:    /s/ Mark Weinstein
                                         -------------------------------------
                                         Name:    Mark Weinstein
                                         Title:   Chief Operating Officer and
                                                  Senior Vice President

                                  HENRY BIRKS & SONS INC.

                                  By:    /s/ Thomas A. Andruskevich
                                         -------------------------------------
                                         Name:    Thomas A. Andruskevich
                                         Title:   President and
                                                  Chief Executive Officer

                                       8

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