Brilliant Earth Group, Inc. - BRLT STOCK NEWS

Brilliant Earth Group (Nasdaq: BRLT) has unveiled its new Cocktail Ring Collection, inspired by 1920s fashion, featuring 21 unique rings made from natural and lab-grown gemstones set in recycled metals. Ranging from $2,000 to $8,000, the collection emphasizes bold self-expression and timeless design, targeting Gen Z and Millennials. Select pieces have pre-launched on the virtual platform ZEPETO, enhancing Brilliant Earth's omnichannel experience. This collection is poised to resonate with consumers seeking modern heirlooms that make a statement.

Brilliant Earth (NASDAQ: BRLT), a leader in ethically sourced jewelry, will attend the Raymond James 2022 Consumer Conference in New York City on September 15, 2022. The company is set to host a fireside chat at 2:20 PM ET and conduct investor meetings throughout the day. The presentation will be available via live webcast on the company’s Investor Relations website, with an archived version accessible for 90 days post-event. Brilliant Earth continues its mission to promote transparency and sustainability within the jewelry industry, serving customers in over 50 countries.

Brilliant Earth Group announces the opening of its 21st and 22nd showrooms in Detroit and St. Louis, respectively, as part of its expansion strategy. This digital-first fine jewelry retailer, renowned for its ethically sourced pieces, also introduces the Truly Brilliant™ Collection. This exclusive assortment features sustainable diamonds, each verified for quality and origin, including modern lab-grown options. With these new locations, Brilliant Earth aims to enhance customer engagement through personalized experiences and a seamless online-offline shopping transition.

Brilliant Earth Group, Inc. (Nasdaq: BRLT) reported strong financial results for Q2 2022, with net sales increasing by 17.8% to $108.8 million compared to Q2 2021. The gross margin expanded to a record 53.1%, up 460 basis points. Despite this growth, net income decreased by 55.8% to $3.8 million. Adjusted EBITDA was $9.6 million, a 33.6% drop from the previous year. The company reaffirmed its fiscal 2022 outlook with expected net sales between $450 million and $470 million.

Brilliant Earth Group, Inc. (Nasdaq: BRLT) will announce its second quarter 2022 earnings on August 11, 2022, after market close. The Company will host a conference call at 5:00 PM ET to discuss the financial results. As a leader in ethically sourced fine jewelry, Brilliant Earth operates 20 showrooms and serves customers in over 50 countries. This earnings release is anticipated to provide key financial insights for investors and stakeholders.

Brilliant Earth has launched the Reflections Collection, a 21-piece assortment of bridal and fine jewelry inspired by nature's mirrored designs. This collection features seven engagement rings, six wedding bands, and eight fine jewelry items, emphasizing unique designs with ethical sourcing. Prices range from $795 to $12,000, available from July 7, 2022, online and at showrooms. Each piece incorporates diamond accents and is customizable with ethically sourced gems, showcasing Brilliant Earth's commitment to innovation and sustainability in the jewelry industry.

Brilliant Earth Group (Nasdaq: BRLT) continues its retail expansion with the opening of its 20th showroom in Pinecrest, Cleveland, marking its second location in Ohio. Following a recent showroom launch in Columbus, this new site demonstrates the company's commitment to enhancing the omnichannel shopping experience for customers. The showroom offers personalized services, integrating digital capabilities for product visualization. To celebrate, Brilliant Earth has donated to the Greater Cleveland Food Bank, reinforcing its mission of social impact and responsible sourcing.

Brilliant Earth Group (Nasdaq: BRLT) announced the launch of a new collection of men’s fine jewelry on June 7, 2022. This 22-piece collection features modern designs made with 93% recycled gold and 99.8% recycled silver, underscoring the company's commitment to ethical sourcing. The collection includes fashion rings, necklaces, bracelets, and engravable pieces, all focused on high-quality craftsmanship. Prices range from $195 to $2,995, available in showrooms and online. The initiative aims to cater to the growing demand for men’s jewelry while promoting sustainability.

Brilliant Earth Group announced the opening of its 19th showroom, the first in Minnesota, as part of its retail expansion strategy. Located in Edina, the new showroom is the fourth opened in 2022. This initiative enhances the company's omnichannel approach, allowing customers to experience their ethically sourced jewelry in-person or online.

The showroom supports personalized consultations and jewelry customization. As part of its community engagement, the company donated to Feeding America - Minnesota.