Mejuri launches steel jewelry capsule to expand affordable stacking options

Mejuri has put stainless steel into the mix, and the timing is hard to miss: the new capsule retails from $98 to $168 and opened on Monday in stores and on the brand’s website. At a moment when gold is hovering around $4,000 an ounce, the launch gives shoppers a lower-price path into the kind of layered, stackable jewelry Mejuri has built its name on.

The collection is made from stainless steel, with some styles finished in gold, and the silhouettes lean sculptural rather than delicate. Pieces such as the Janis Flexi Bangle Set at $158, the Lulu Loop Studs at $158 and the Billie Hoops at $118 show how Mejuri is using the metal for bold shapes that still sit inside an everyday budget. The move matters because stainless steel wears differently from plated or precious-metal pieces: it gives the brand a more durable-feeling, utility-leaning base for repeated use, while the gold finish keeps the look close to Mejuri’s polished house style.

Noura Sakkijha has framed the shift as design-led, not as a knee-jerk response to pricier gold and silver. That positioning fits the Toronto-based label’s wider assortment, which already spans natural and lab-grown diamonds, 14-karat and 10-karat gold, sterling silver, 18-karat gold vermeil, titanium and platinum. Mejuri’s mixed-metal jewelry line has long been sold as a way to build versatile stacks, and stainless steel widens that lane without pushing the brand out of its affordable-luxury lane.

The launch also lands neatly beside Mejuri’s birthstone business. The brand continues to sell June birthstone pearl pieces, along with a birthstone-and-zodiac assortment built around personalized rings, necklaces and bracelets. That makes steel especially useful for shoppers who want a birthstone gift or self-gift that feels current, layers easily with existing gold pieces and does not force a move into solid gold pricing. A Reuters poll this year found analysts expecting gold’s annual average price to top $4,000 per ounce for the first time in 2026, a backdrop that is likely to keep low-cost metals in the conversation for fashion jewelry.