National News
Harsh Badalia joins Fashion Entrepreneur Fund as Investor
Harsh Badalia, a global leader in the diamond trade and one of the largest stockists of solitaires, has joined the Fashion Entrepreneur Fund as an investor, bringing his business acumen and vast industry experience to the fashion sector. Badalia’s entry into the fashion investment arena further cements his position as a visionary leader extending his influence beyond jewellery, reinforcing his commitment to excellence and innovation across industries.
A dominant force in the global jewelry trade, he’s one of the largest stockists of solitaires worldwide, serving 250K+ clients and supplying industry giants . With 20+ years of expertise and a 40 Under 40 Award, his business spans Kolkata, Mumbai, Surat, Belgium & beyond.
The Fashion Entrepreneur Fund is a platform that provides financial aid to aspiring fashion entrepreneurs, enabling them to access the necessary resources to develop their businesses. This platform also provides education to help entrepreneurs gain the necessary knowledge to succeed in their ventures. This allows them to gain a better understanding of the market, the customer base, and how to develop a successful business strategy.
The mentorship and education will help entrepreneurs to identify potential challenges and develop strategies to overcome them. With the support of the Fashion Entrepreneur Fund, aspiring entrepreneurs can establish themselves and achieve their dream of becoming successful in the fashion and lifestyle industry.
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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