Lab-grown obsessed Gen Z and millennials are increasingly favoring gemstones over diamonds [Yahoo! Finance]
Brilliant Earth Group, Inc. (BRLT)
Company Research
Source: Yahoo! Finance
More than 15% of engagement rings currently on the market are colored gemstones, up from about 5% a decade ago—and “sapphires and rubies” are hot right now, says Ankur Daga, founder and CEO of fine jewelry e-commerce company Angara. Wholesale prices for sapphire gemstones are up 12% per year over the past three years, Daga told CNBC . Meanwhile, for emeralds it's 13%, and rubies 17%. “Some of the more niche stones, like pearls and opals, are up over 20% a year. Tourmalines are up all the way up to 36% a year,” he added. By comparison, the compound annual growth rate of the S&P 500 stock index is 10.5% over the past three years. Some would even chuck in their traditional diamond solitaire ring in favor of something more on trend: Angara's research found that more than 20% of people would upgrade their engagement ring to a colored gemstone—such as Princess Diana's famous blue sapphire style or even a pink diamond—if they could. On TikTok, the hashtag #emeraldengagementring ha
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BRLT
News
- Brilliant Earth Group, Inc. (NASDAQ: BRLT) had its "outperform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $4.00 price target on the stock.MarketBeat
- How Brilliant Earth Is Using Retail To Lead In Sustainable Fine Jewelry [Forbes]Forbes
- Here are the 15 best places to buy engagement rings online [USA TODAY]USA TODAY
- Brilliant Earth Group, Inc. (NASDAQ: BRLT) had its price target lowered by analysts at KeyCorp from $6.00 to $3.00. They now have an "overweight" rating on the stock.MarketBeat
- Brilliant Earth to Report First Quarter 2024 Financial Results on May 9thGlobeNewswire
BRLT
Earnings
- 3/14/24 - Beat
BRLT
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- BRLT's page on the SEC website