National News
French Ambassador Strengthens Indo-French Educational Relations at IIGJ Jaipur
MoU between Alliance Française and IIGJ Jaipur Introduces French Language Course, Enhancing Cultural and Educational Exchange
In a pivotal move towards enhancing Indo-French educational ties, H.E. Thierry Mathou, Ambassador of France to India, visited the Indian Institute of Gems & Jewellery (IIGJ) Jaipur to witness the signing of a Memorandum of Understanding (MoU) between Alliance Française and IIGJ Jaipur. The MoU marks the introduction of a French language course for students, opening doors to greater cultural exchange and future collaborations, particularly in the jewellery industry.
The MoU, signed by Dr. Tulika Gupta, President of Alliance Française, and Dr. Nawal Agarwal, Chairman of IIGJ Jaipur, aims to develop students’ linguistic skills while exploring opportunities for potential student exchange programs between India and France.
The event, attended by IIGJ Jaipur’s directors and prominent figures, including Mr. Ashish, a new member of the Council’s CoA from the Diamond panel, was a significant milestone. During his visit, Ambassador Mathou toured the IIGJ Jaipur campus and had the opportunity to explore an exclusive experience zone dedicated to traditional Indian jewellery craftsmanship, where artisans showcased intricate techniques like kundankari, meenakari, chitai work, and thewa.
Engaging with students, Ambassador Mathou praised their dedication and craftsmanship. He also visited the “IIGJ-RLC” laboratory, applauding its cutting-edge facilities and the institute’s five decades of excellence in jewellery education. His visit further strengthened the growing ties between India and France, focusing on mutual interests in education, culture, and craftsmanship.
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.
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