March 18, 2024 - by Ashlee Vogenthaler

Investors Considering Brilliant Earth (BRLT) A Diamond in the Rough Of Microcap Jewelers, Trading Up

18 March 2024

New York, March 18, 2023 - PRISM MarketView - 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.

PRISM Emerging Consumer Products - Prism MarketView

The PRISM Emerging Consumer Index tracks small and micro-cap companies that are designing, developing and marketing innovative consumer products.

Brilliant Earth Group, Inc. - Prism MarketView

Brilliant Earth was founded by Beth Gerstein and Eric Grossberg as a response to the lack of transparency and irresponsible mining practices that confront the j

Brilliant Earth Reports Fourth Quarter and Fiscal Year 2023 Results

Growth Rate Exceeded the Industry by an Estimated 750 bps in 2023Exceeded Profitability Expectations and Increased 2023 Gross Margin by 430 bps to 57.6%Generated 2023 GAAP Diluted EPS of $0.04 and 2023 Adjusted Diluted EPS of $0.17Provides Q1 and Full Year 2024 Guidance SAN FRANCISCO, March 14, 2024 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (Nasdaq: BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced financial results

"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 CFO Jeff Kuo

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.

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