- Clients of Menē (TSXV:MENE) now hold more than C$350 million worth of branded jewelry
- The company crafts 24 karat gold and platinum jewelry sold by gram weight, allowing customers to sell or exchange their pieces at prevailing market prices
- Menē stock last traded at C$0.20 and has added 53.85 per cent year-over-year
Clients of Menē (TSXV:MENE), a gold and platinum jewelry investment company, now hold more than C$350 million worth of branded pieces, up from C$250 million in October 2025, reflecting the precious metals’ strong year-over-year returns.
The company, co-founded by Diana Widmaier-Picasso, granddaughter of artist Pablo Picasso, has sold more than 179,000 pieces of jewelry since inception in 2017, while offering clients online functionality to both trade their holdings and track the value of their portfolios.
Menē’s novel approach to the jewelry business, combining fashion and investment, has helped it achieve steady gross profit growth over the past few years, from C$5.8 million in 2023 to C$7.8 million over the trailing twelve months, while growing average order value from C$1,503 in Q3 2023 to C$2,556 in Q2 2025. Margin improvements led the company to positive net income in Q3 2025, posting a modest C$58,963 for the quarter.
Leadership is taking steps to continue this profitable trend, cutting C$410,000 in distribution and processing costs year-to-date, reducing average fulfillment time by 21 per cent in Q3 and increasing its cash position from C$5.3 million to C$7.8 million year-over-year.
These measures, combined with an ongoing growth plan detailed in Q2 2025, largely focused on enhancing digital marketing practices, will help Menē separate itself from the commodity market’s propensity for volatility and better dictate its own future.
Management commentary
“Menē was founded on the idea that jewelry should possess both beauty and enduring value. By crafting our pieces exclusively in pure 24 karat gold and pure platinum and pricing them transparently by gram weight, we offer our clients something rare in the luxury industry, jewelry that is a store of enduring value,” Vincent Gladu, chief executive officer of Menē, said in Monday’s news release. “On behalf of the entire Menē team, I want to thank our customers for their continued support.”
“Gold and platinum have been treasured across civilizations for thousands of years. At Menē, we honour this heritage by designing jewelry that celebrates the purity and permanence of these metals while remaining timeless in form,” added Widmaier-Picasso, chief artistic officer of Menē. “This milestone reflects a growing appreciation for jewelry that carries both artistic meaning and intrinsic worth. We are deeply grateful to our clients who choose Menē pieces to wear, treasure and pass on through generations.”
About Menē
Menē crafts 24 karat gold and platinum jewelry sold by gram weight, allowing customers to sell or exchange their pieces at prevailing market prices.
Menē stock (TSXV:MENE) last traded at C$0.20 and has added 53.85 per cent year-over-year.
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