Investors Considering Brilliant Earth (BRLT) A Diamond in the Rough Of Microcap Jewelers, Trading Up
Brilliant Earth Group, Inc. (BRLT) announced its Q4 earnings last Thursday and has been steadily moving up in share price, since its report. The company sells ethically sourced diamonds and gemstones in addition to using 100% recycled precious metals. In its recent report, the company achieved record net sales of $124.3M for Q4 and $446.4M on the year while also posting record level orders and gross margin, exceeding the industry growth rate by 750bps. Today the stock is trading upwards of ~18% and is leading the PRISM Emerging Consumer Products Index.
Brilliant Earth CFO Jeff Kuo stated, “In 2024, we expect to continue making investments that will set the stage for long-term sustainable growth while also driving current and future share gains and profitability in the context of a still-normalizing industry.”
Brilliant Earth Group Inc. is a premier jewelry company committed to revolutionizing the diamond industry with ethically sourced, conflict-free diamonds and environmentally sustainable practices. Our mission is to provide customers with exquisite, handcrafted jewelry pieces that not only symbolize love and commitment but also contribute to positive social and environmental impact. By offering transparency throughout our supply chain and supporting responsible mining initiatives, Brilliant Earth aims to redefine the standards of beauty, ethics, and sustainability in the jewelry market.
