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The Jewelry District

Episode 66: Guest Beth Gerstein

The Jewelry District

JCK

Fashion & Beauty, Business News, Business, Arts, News

9.9 • 25 Ratings

🗓️ 29 March 2022

⏱️ 28 minutes

🧾️ Download transcript

Summary

In This EpisodeYou’ll hear JCK editor-in-chief Victoria Gomelsky (https://www.jckonline.com/writer/victoria-gomelsky/) and news director Rob Bates (https://www.jckonline.com/writer/rob-bates/) talk with Beth Gerstein, cofounder and CEO of Brilliant Earth.Show Notes00:30 Victoria and Rob introduce their guest Beth Gerstein, cofounder and CEO of Brilliant Earth08:30 Beth explains the importance of sustainability to the consumer14:11 Brilliant Earth offers both lab-grown and natural diamonds—Beth explains the difference19:10 Beth talks about Brilliant Earth’s Fairmined collection23:16 Rob and Victoria wrap up the podcast with discussion of international plans, marketing to Gen Z versus millennials, Russian diamonds, and brick-and-mortar stores and online salesEpisode CreditsHosts: Rob Bates and Victoria GomelskyProducer and engineer: Natalie ChometPlugs: brilliantearth.com (https://www.brilliantearth.com/), jckonline.com (https://www.jckonline.com/), @jckmagazine (http://instagram.com/jckmagazine)Show RecapIntroducing Beth GersteinVictoria and Rob introduce their guest Beth Gerstein, cofounder and CEO of Brilliant Earth in San Francisco. Victoria mentions that Brilliant Earth is really leading the charge on sustainability and ethical sourcing. As always, the JCK editors dive into Beth’s background and how she got into the jewelry industry. Beth grew up in Maryland, and both of her parents worked in government. She studied biomedical engineering and did work launching satellites, but Beth eventually realized her heart was in business and switched industries entirely.The Importance of SustainabilityBeth explains how she developed Brilliant Earth on a set of values revolving around sustainability and ethical sourcing. With diamonds being such an emotional purchase, she believed people would want to know about the sourcing of their stones. She says Brilliant Earth's customers don’t want to compromise on quality, design, or experience—but transparency is extremely important. The company recently released its sustainability report, and she wants the industry to continue to do this difficult work. Beth also confirms that it’s been six months since Brilliant Earth went public. She says it helps them to set clear objectives and have financial discipline.Lab-Grown DiamondsVictoria and Rob have questions for Beth about lab-grown versus mined diamonds, and Beth says that there’s space for both—it opens the market more. Brilliant Earth started offering lab-grown 10 years ago and sees continued success with their sale. As a retailer, she says it's Brilliant Earth's responsibility to be open about its sources for both conflict-free and lab-grown diamonds. Beth says typically the younger shopper tends to gravitate more toward lab-grown diamonds. Victoria asks about a lack of transparency when it comes to lab-grown diamond sourcing.Brilliant Earth’s Fairmined CollectionVictoria asks Beth about Brilliant Earth's new Fairmined gold (https://www.brilliantearth.com/eco-friendly-jewelry/fairmined/) collection, and Beth says she developed the collection with its customers in mind. She’s happy to be able to support artisanal and small-scale miners who are getting a fair price for their gold. She believes Fairmined gold will only grow in popularity. Victoria also asks if Beth goes to shows like JCK—and Beth has met many great suppliers since the first show. Rob asks what the most important thing about building a brand is,

Transcript

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0:00.0

Welcome to the Jewelry District, a podcast by J.C.K.

0:13.9

Today, Rob Bates and Victoria Gamalski talk with Beth Gerstein, co-founder and CEO of Brilliant Earth.

0:29.6

Thank you. Beth Gerstein, co-founder and CEO of Brilliant Earth. Hey, everyone. Welcome to the Jewelry District.

0:32.8

This is Victoria Gimelsky, editor-in-chief of JCPay and JCP-CK Online.com, calling in from Los Angeles, and I'm with.

0:40.7

Rob Bates, news director of J-C-K and J-CK Online.com, calling in from Nueva York, New York City.

0:48.9

New York City. I just saw you in New York, Rob. It was actually super fun.

0:53.7

It was nice to have 24-carat weekend again, like real human beings.

0:58.1

I don't think people even expected to enjoy themselves as much as they did.

1:01.7

I heard time and time again how wonderful all the events were starting with, of course,

1:06.5

the Gem Awards on Friday night at Chippriani 42nd Street, carrying into the 24-kart dinner, which

1:11.8

was at a really cool new location downtown, another Chippriani in South Street, Seaport, which I

1:16.7

loved. What did you think of that space? I liked it, except I went to the wrong Chippriani. I had to

1:21.3

go and, like, somebody actually saw me, like, wandering around and, like like picked me up and they're over and took me the right one. But so that made me feel kind of soft.

1:29.5

That's right.

1:29.9

There's like a tiny little Capriani way down on Broadway.

1:32.7

So this is like there's like 900 Chippiani's downtown.

1:36.5

It was it was beautiful space.

1:38.5

Yes.

1:39.4

Yeah.

1:39.8

Everybody seemed to enjoy themselves.

1:41.4

It was a little surreal to see hundreds and hundreds of people mask-free, enjoying themselves.

1:47.5

Pretty lovely all around.

...

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