National News
Brilliant Earth Reports 10% Sales Growth, Warns of Profit Pressure from Rising Tariffs and Metal Costs
Brilliant Earth’s revenue rose 10% year-on-year to $110.3 million in the third quarter, surpassing its projected growth of 8% to 10%, driven by continued strong consumer demand. The number of orders climbed 17% to 49,910, while the net loss narrowed by 37% to $672,000, reflecting improved operational efficiency.
The US-based jeweller raised its 2025 sales growth forecast to 3%–4.5%, up from its earlier outlook of 2.5%–4%. However, the company now anticipates its full-year adjusted EBITDA margin to range between 2% and 3%, revised downward from the previous 3%–4%, as rising metal and tariff costs are expected to weigh on profitability.
Brilliant Earth noted that while brand strength and consumer appetite remain robust, fluctuating input costs continue to present near-term challenges, particularly heading into the fourth quarter and holiday season.
The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary- IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.
Some salient points made by the panelists:
- Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
- Till the banking system doesn’t collapse, gold price will continue to rise
- Jewellers were advised to use a mix of futures and options for risk mitigation
- Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
- Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.
Gold & Precious Metals – A future outlook
All That Glitters: The Jewellery Moments Everyone Talked About at the 2026 Golden Globes
GJEPC launches ‘ JewelStart’ -India’s first dedicated innovation & incubation centre for the GJ industry
-
GlamBuzz2 weeks agoGIVA Launches ‘Glow in Motion’, Unveils New Jewellery Collection Fronted by Barkha Singh
-
International News2 weeks agoSilver retraces down on margin hike pressure AUGMONT BULLION REPORT
-
JB Insights2 weeks agoThe JewelBuzz E-zine: Your Fortnightly Pulse of the Jewellery Industry
-
JB Insights2 weeks agoIIJS Bharat Signature 2026 set to open the year with scale, innovation and global momentum
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.