Not many consumer products have baked-in demand, quite like the jewelry industry.
With a timeless allure for precious metals and gemstones, investing in the best jewelry stocks presents a solid opportunity for investors looking to gain exposure to the industry.
Want to know which ones? Read on to find out.
Best Jewelry Stocks To Track
Brilliant Earth Group Inc (NASDAQ: BRLT)
Brilliant Earth Group is a global manufacturer, designer, and supplier of jewelry in the United States and other international markets.
The company was founded in August 2005 by Beth Gerstein and Eric Grossberg to curb the lack of transparency and irresponsibility in mining activities prevalent in the jewelry industry.
Brilliant Earth Group strives to provide customers with high-quality, attractive jewelry that has been sourced and produced responsibly.
The company has its headquarters in San Francisco, California, and operates physically in the US and other parts of the world through online stores.
Brilliant Earth Group is primarily known for its ethical sourcing methods, which include the use of problem-free diamonds and other precious stones and recycled metals.
The company’s revenue had a 15.70% increase from $380.19 million to $439.9 million in 2022 and a 39.73% increase in earnings to $2.14 million in the same year.
Brilliant Earth Group’s stock currently trades at around $3.91 per share (as of April 2023) and has a market cap of $376.06 million.
Signet Jewelers Ltd (NYSE: SIG)
Signet Jewelers is presently the largest diamond jewelry retailer in the world and the largest specialty jewelry dealer in the United States, the United Kingdom, and Canada.
The company operates in over 2,800 stores, such as Kay Jewelers, Jared, Zales, Blue Nile, H. Samuel, Ernest Jones, Diamonds Direct, and others in mall-based kiosks and additional locations.
Signet Jewelers was founded in 1949 and was initially known as Ratner Group until September 2008, when it was changed to Signet Group plc and is headquartered in Hamilton, Bermuda.
The company provides a wide range of jewelry products like bracelets, engagement rings, necklaces, earrings, wedding rings, wristwatches, and other good-quality accessories.
The company recently reported fourth-quarter earnings per share of $5.52, $0.14 more than analysts expected.
Signet Jewelers also analysts estimated revenue reporting $2.70 billion compared to an estimated $2.65 billion.
Shareholders stand to earn dividends from this stock as SIG offers a dividend yield of 1.03% with an annual payout of $0.80.
Tsutsumi Jewelry Co, Ltd (OTCMKT: TSSJF)
Japan-based Jewelry Company Tsutsumi Jewelry Co, Ltd engages in the design, production, and wholesale and retail distribution of jewelry, precious stones, and accessories.
The company was founded in 1950 and is headquartered in Tokyo, Japan. It has a variety of products, such as rings, bracelets, and necklaces.
Tsutsumi Jewelry deals with the importation of various products, including diamonds, physical gold, silver, turquoise sets, and pearls, from reliable vendors in the jewelry industry.
The company is also known for its high-quality skill in crafting jewelry using the finest materials and paying attention to details.
They offer custom design services to customers who want to create unique pieces to fit their tastes and preferences.
In addition to distributing jewelry, Tsutsumi Jewelry also provides repair services to customers worldwide who have broken or damaged jewelry.
The company is trading at around $15.81 per share with annual revenue of $135.4 million and has a market cap of $196.52 million.
Fossil Group, Inc (NASDAQ: FOSL)
Fossil Group Inc designs, produces, markets, and distributes traditional watches, bags, wallets, jewelry, and other accessories.
The company operates in North America, Europe, and Asia, where it distributes to retailers and directly to consumers in company-owned jewelry stores.
Fossil Group markets its products under different brands, including Fossil, Skagen, Misfit, Relic, Michele, and Zodiac, and licensed brands, including Armani Exchange, Michael Kors, and Diesel.
With the acquisition of Misfit in 2015 and the launch of its smartwatches under the Fossil and Skagen brands, the company has expanded its presence in the smartwatch market.
The company’s stock has been volatile in recent years, partially due to the general challenges faced by the retail industry and the shift towards e-commerce.
Although the company is currently going through a rough stage, Fossil Group expects a rebound in the second half of 2023.
As of April, the company is roughly trading at $3.20 per share and has a market capitalization of $165.89 million.
Movado Group Inc (NYSE: MOV)
US-based company Movado Group designs, markets, and distributes fine watches and Jewelry worldwide.
The company has retail outlets in the United States and Canada, where it markets and distributes watches, jewelry, and other accessories of owned and licensed brands.
Movado Group owns popular watch brands, including Movado, Ebel, Concord, Olivia Burton, and MVMT.
In addition to luxury watches, the company also produces and distributes jewelry under the Movado brand.
Movado Group is popularly known for its innovative design and has won numerous awards for its aesthetics and general performance.
The company has also implemented initiatives to significantly lessen its environmental impact by using recycled materials in its packaging and less energy consumption in its depositories.
Movado Group’s revenue increased by 2.66% from $732.39 million in the previous year to $751.90 million in 2023. The company’s earnings also increased by 3.20% to $94.53 million.
It’s stock is roughly trading at $28.82 per share with a market capitalization of $636.89 million.
Birks Group Inc (NYSE: BGI)
Birks Group Inc is a company based in Canada that designs, develops, manufactures, and sells fine jewelry, timepieces, silverware, and gift items.
The company offers a variety of products, including diamonds, gemstones, designer jewelry, precious metal jewelry, rings, watches, gifts, wedding bands, earrings, bracelets, and necklaces.
Birks Group was founded in 1879 and is headquartered in Montreal, Canada.
The company markets its products through physical and online stores in the United States, Canada, and other countries.
Birks Group boasts 23 stores in Canada under the Maison Birks brand, one store each under the Brinkhaus brand, the Graff brand, and one under the Patek Phillippe brand.
It is known for its high-end pieces featuring products from brands like Rolex, Cartier, Bulgari, and Van Cleef & Arpels.
The company has existed for over a century and is widely known for providing good customer service and quality products, earning the company a loyal customer base.
During the fiscal that ended in March 2022, BGI achieved net sales of $181.3 million, an increase of $26.7% from the previous year.
As of April, Birks Group’s stock is trading at around $8.13 per share and has a market cap of $151.94 million.
Charles & Colvard Ltd (NASDAQ: CTHR)
Charles and Colvard Ltd is the leading global source of moissanite. The company designs and manufactures jewelry products made-grown moissanite made from silicon carbide.
Founded in 1995, Charles & Colvard moissanite gems are created through a process that mimics the earth’s mantle condition, producing high-quality, ethically produced gemstones.
The company markets its products, including bracelets, engagement rings, wedding bands, and necklaces, directly to consumers through its online platforms and third-party retailers.
In addition to marketing and distributing moissanite, the company utilizes recycled metals to produce jewelry and has enforced environmentally-friendly procedures in its production facilities.
The company has been featured in several press publications, including BRIDES, JCK, the Robb Report, Yahoo!, Forbes, and National Jeweler.
Charles and Colvard had a 19% growth in lab-grown diamond sales during the second quarter of 2023 compared to the same period in the previous year.
The company’s stock is trading around $0.90 per share (as of April) and has a market cap of $28.39 million.
Are Jewelry Stocks a Good Investment?
The glamour of gemstones has captivated people for centuries, with kings, queens, and distinguished folks throughout history always keen on acquiring the finest jewelry available.
This endless streak of fascination has sunk its claws into the modern-day jewelry industry, turning it into one of the largest markets in the world.
In other words, investing in jewelry stocks allows individuals to tap into jewelry’s baked-in demand.
One key aspect that makes jewelry stocks attractive is their resilience in various economic climates.
While the demand for jewelry might change depending on the economic climate, the industry has proven its ability to weather market downturns.
High-end jewelry, in particular, tends to retain its value and desirability, even during recessions, as affluent consumers continue to purchase these items as a form of wealth preservation.
Another critical factor contributing to the appeal of jewelry stocks is their potential for growth in suitable economic climates.
When disposable income increases, the demand for jewelry almost always increases as more people can afford their preferred jewelry pieces.
It is also worth noting that jewelry stocks can benefit from trends and evolving consumer preferences.
Companies that adapt to changing tastes and offer innovative designs, sustainable sourcing, and ethical practices can experience increased demand and customer loyalty.
This adaptability can contribute to the success of these businesses and, in turn, the value of their stocks.
Finally, some jewelry stocks may offer dividend payouts, providing investors with a steady income stream.
Established companies with a stable financial position may distribute a portion of their earnings to shareholders, making these stocks even more appealing for long-term investments.
FAQs
What Is The Best Diamond Stock?
There is a slew of great diamond stocks on the stock market; some of them include Alerus Financial (ALRS), Rio Tinto ADR (RIO), and Anglo American (AAL).
Is There A Stock Market For Diamonds?
There isn’t a stock market for diamonds, but there are ways to invest in the diamond industry. One option is investing in diamond mining companies or businesses with significant diamond trade exposure.
These companies are often listed on major stock exchanges, and their stocks can be bought and sold. Alternatively, you can invest in diamond mutual funds.