Brilliant Earth Group, Inc.

General Information
Business:

Brilliant Earth is an innovative digital-first jewelry company and a global leader in ethically sourced fine jewelry. We offer exclusive designs with superior craftsmanship and supply chain transparency, delivered to customers through a highly personalized omnichannel experience.

Our mission is to create a more transparent, sustainable, and compassionate jewelry industry, and we are proud to offer customers distinctive and thoughtfully designed products that they can truly feel good about wearing. Our core values resonate strongly across many demographics and particularly with values-driven Millennial and Gen Z consumers.

Our extensive collection of premium-quality diamond engagement and wedding rings, gemstone rings and fine jewelry is conceptualized by our leading in-house design studio and then brought to life by expert jewelers. From our award-winning jewelry designs to our responsibly sourced materials, at Brilliant Earth we aspire to exceptional standards in everything we do.

We were founded in 2005 as an e-commerce company with an ambitious mission and a single showroom in San Francisco.  Today, Brilliant Earth has sold to consumers in all U.S. states and over 50 countries, and has served over 370,000 customers through our e-commerce platform and 13 showrooms.

From the prospectus: “A majority of our Board of Directors, 73% of employees at the director level and above, and 80% of our total employees are women. 31% of our leadership team and 38% of our total employees identify as a member of a BIPOC community.”

Note: Revenue – presented as net sales – and net income figures are for the 12 months that ended June 30, 2021.

(Note: Brilliant Earth priced its IPO on Sept. 22, 2021, at $12 – $2 below the bottom of its $14-to-$16 price range – and cut the number of shares in half – to 8.33 million shares, down from 16.66 million shares in the prospectus – to raise $99.96 million. Under the deal’s initial terms, the estimated proceeds were $250 million.)

Industry: Jewelry, Silver & Plated Ware
Employees: 359
Founded: 2005
Contact Information
Address 300 Grant Avenue, Third Floor San Francisco, California 94108
Phone Number (800) 691-0952
Web Address http://www.brilliantearth.com
View Prospectus: Brilliant Earth Group, Inc.
Financial Information
Market Cap $1415.0mil
Revenues $323.0 mil (last 12 months)
Net Income $32.3 mil (last 12 months)
IPO Profile
Symbol BRLT
Exchange NASDAQ
Shares (millions): 8.3
Price range $12.00 - $12.00
Est. $ Volume $100.0 mil
Manager / Joint Managers J.P. Morgan/ Credit Suisse/ Jefferies/ Cowen
CO-Managers KeyBanc Capital Markets/ Piper Sandler/ William Blair/ Telsey Advisory Group
Expected To Trade: 9/23/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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