Roberto Coin Acquisition Gives Watches of Switzerland a Boost in H1
The retailer’s jewelry sales doubled, with branded jewelry performing especially well.

For the first half of the fiscal year, ending Oct. 27, the retailer reported £785 million ($1 billion) in total revenue, up 3 percent year-over-year (4 percent at constant currency rates).
In the U.S., revenue climbed 8 percent (11 percent at constant currency rates), totaling £355 million ($425.9 million).
Revenue in the U.K. and Europe fell 1 percent year-over-year to £430 million ($548.6 million).
Revenue from sales of luxury watches fell 3 percent in the first half (2 percent at constant currency rates).
“In Q1, we increased showroom stock levels of key brands to enhance displays and client experience, particularly in the U.S.,” said CEO Brian Duffy.
After the stock rebuild, Watches of Switzerland’s U.S. revenue shot up 24 percent in Q2 and U.K. revenue turned positive.
“Price increases from brands in the half have been modest, and this has also positively influenced consumer sentiment,” he said.
Demand for its key watch brands remained strong, it said, and certified pre-owned and vintage watches also are selling.
Rolex Certified Pre-Owned is now its second-biggest luxury watch brand, the company said.
Luxury watches represent 83 percent of Watches of Switzerland’s total revenue, down slightly following the company’s acquisition of jewelry brand Roberto Coin.
Watches of Switzerland acquired the North American arm of Roberto Coin in a $130 million deal in May, making it the brand’s exclusive distributor in the United States, Canada, Central America, and the Caribbean.
Following the acquisition, the retailer’s jewelry sales more than doubled in the first half, up 103 percent (up 104 percent at constant currency rates).
Roberto Coin posted £51 million ($65 million) in revenue in the first half.
“Our newly acquired Roberto Coin business in North America has traded strongly since acquisition and is now making a good contribution to our group. Integration is progressing well, and growth plans are underway,” said Duffy.
The company said it has received positive feedback from its retail partners as it integrates Roberto Coin, noting encouraging sell-in and sell-out data.
It’s exploring new mono-brand boutiques in the U.S. and shop-in-shops for retail partners. A website upgrade also is in progress.
Excluding Roberto Coin, luxury jewelry revenue was down 6 percent overall, though the U.K. market saw a 4 percent increase.
The company hosted exclusive jewelry launches in the U.K. for David Yurman and Repossi.
In the U.S., jewelry revenue was impacted by “the squeeze on the commodity bridal category and prior- year clearance activity,” said the company.
Branded jewelry “significantly” outperformed non-branded jewelry, Watches of Switzerland said, posting double-digit growth in retail and online.
Watches of Switzerland also highlighted its recent acquisition of Hodinkee, saying the integration of the editorial platform for watches is in line with its expectations.
It’s upgrading its U.S. website and will have a link in place to drive Hodinkee traffic to the Watches of Switzerland U.S. website.
Looking to the year ahead, the retailer reiterated guidance of £1.67 billion to £1.73 billion ($2.13 billion to $2.21 billion), with sales growth of 9 to 12 percent at constant currency rates.
“We are well positioned for a good holiday trading period, having made an encouraging start in November,” said Watches of Switzerland.
The Latest

As demand for custom jewelry grows, the company is expanding its services to support retailers.

The mid-year conference for jewelry and watch appraisers is slated for Aug. 9 to 10 on Zoom.

Graduated stones make for elevated tennis-style pieces and dramatic statement necklaces.

As a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.

Nominations in the categories of Jewelry Design, Media Excellence, and Retail Innovation will be accepted through July 30.


He retired last month after 28 years traveling the world to source the very best gemstones for his family’s jewelry business, Oscar Heyman.

The charm necklace features six nautical charms of shells and coral that founder Christina Puchi collected on Florida’s beaches.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

The organization elected its youngest vice president as it looks to draw in fresh talent.

Campbell joins the company as vice president of business development while Liebler is the new vice president of operations.

The medals feature a split-texture design highlighting the Games’ first time being hosted by two cities and the athletes’ journeys.

Sponsored by The INSTORE Jewelry Show 2025

Globally, travel and transportation brands reigned, while in the U.S., alcoholic beverage companies and a lingerie brand took the top spots.

The Brooklyn-based jewelry designer is remembered as a true artist and a rare talent.

Production at the mine in Canada’s Northwest Territories topped 1 million carats in Q2, the third consecutive quarter of growth.

A new slate of Learning Workshops will take place in Oklahoma, Mississippi, and Georgia.

The middle class is changing its approach to buying jewelry and affordable luxury goods, the NRF said.

The reseller’s market trends report, based on its sales data, also shows exactly how much Rolex prices have jumped since 2010.

The auction house will be hosting a retrospective paying tribute to jeweler Jean Dinh Van and his company’s 60th anniversary.

Jake Duneier and Danielle Duneier-Goldberg have stepped into the roles of CEO and president, respectively.

The “Impermanence” collection contemplates nature through the Japanese art of Ikebana (flower arranging) and philosophy of wabi-sabi.

The Texas-based jewelry retailer has set up shop in Tennessee and Arizona.

Eric Ford will step into the role, bringing with him decades of experience.

In addition to improved capabilities, the acquisition will allow the jeweler to offer support to other independent jewelers.

The “Celestial Blue” capsule collection campaign features Olympian Kateryna Sadurska.

The seasonal store, located in Mykonos, Greece, offers exclusive events, personal styling, and curated experiences.

The New England jeweler is hosting a bridal event for the month of August.