FinancialsJan 28, 2026
Tiffany & Co., Bulgari Sales Resilient as LVMH’s 2025 Sales SlipFinancialsFeb 05, 2026
Watches of Switzerland Reports Strong Holiday Results in Q3
The retailer credited its Roberto Coin campaign, in part, for boosting its North America sales.
Watches of Switzerland store on London's Regent Street store. The retailer reported strong holiday sales in its third quarter.
London—Watches of Switzerland Group posted strong results in its third quarter following a merry holiday season, updating its guidance for the year ahead.
In a trading update shared Wednesday, the company gave an overview of its performance for the quarter ending on Jan. 25, though it did not share specific figures.
Demand for its key luxury brands remained strong, it said, outpacing supply in the United States and the U.K.
"It is particularly pleasing to be achieving these results despite an unusually volatile operating environment, including macroeconomic uncertainty and tariffs, and is testament to the collective contribution of our colleagues which will be reflected through our staff incentive arrangements,” said Brian Duffy, CEO of Watches of Switzerland Group.
The U.S. posted broad-based growth across categories, brands, and price points, which the company said reflected strong client demand and the effectiveness of its operating model.
It credited “excellent sales” in North America in part to Roberto Coin’s marketing campaign, starring actress Dakota Johnson, as well as its focus on ranging and merchandising.
E-commerce sales in the U.S. saw “good growth” after the company invested in new systems and dedicated teams.
To further strengthen its position in the U.S. market, the retailer announced Jan. 22 that it had acquired Texas jeweler Deutsch & Deutsch, which operates four showrooms with a Rolex anchor across the state.
Its four stores in Texas generated combined revenue of $67 million in the fiscal year ended Dec. 31, said Watches of Switzerland.
Related stories will be right here …
In a trading update shared Wednesday, the company gave an overview of its performance for the quarter ending on Jan. 25, though it did not share specific figures.
Demand for its key luxury brands remained strong, it said, outpacing supply in the United States and the U.K.
"It is particularly pleasing to be achieving these results despite an unusually volatile operating environment, including macroeconomic uncertainty and tariffs, and is testament to the collective contribution of our colleagues which will be reflected through our staff incentive arrangements,” said Brian Duffy, CEO of Watches of Switzerland Group.
The U.S. posted broad-based growth across categories, brands, and price points, which the company said reflected strong client demand and the effectiveness of its operating model.
It credited “excellent sales” in North America in part to Roberto Coin’s marketing campaign, starring actress Dakota Johnson, as well as its focus on ranging and merchandising.
E-commerce sales in the U.S. saw “good growth” after the company invested in new systems and dedicated teams.
To further strengthen its position in the U.S. market, the retailer announced Jan. 22 that it had acquired Texas jeweler Deutsch & Deutsch, which operates four showrooms with a Rolex anchor across the state.
Its four stores in Texas generated combined revenue of $67 million in the fiscal year ended Dec. 31, said Watches of Switzerland.
In the U.K., its performance was in line with recent quarters, it said.
Revenue in the region was up 2 percent year-over-year in its H1 results reported in November. The company has been closing stores in the market.
Its Rolex boutique on Old Bond Street has kept up its “excellent momentum,” said the company.
Its certified pre-owned watch business has performed well in the U.S. and U.K. markets.
Investments in marketing, client experience, showroom development, and recently acquired Hodinkee were all factors in its solid performance, said the company.
Following its new acquisition and Q3 performance, the company has updated its full-year guidance.
It now expects sales growth, in constant currency, to be up 9 to 11 percent, from its prior guidance of 6 to 10 percent.
"Looking ahead, we remain focused on further cementing our market position across both the U.S. and U.K., underpinned by our differentiated model, long-standing brand partnerships, and disciplined execution,” said Duffy.
More on Financials
The Latest
CrimeAug 06, 2026
Lalique Museum to Remain Closed Following $5M HeistMuseum officials are looking to the public to help cover the “exceptional” costs involved in recovering from the July 5 smash-and-grab.
Supplier BulletinAug 06, 2026
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying EventsSponsored by Stratus Estate Buyers
MajorsAug 06, 2026
Claire’s Revamps Piercing Services for Second Time in Three Years The overhaul includes enhanced employee safety training and trendy earring styles, including lab-grown diamond studs.
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying EventsRetailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.
TrendsAug 06, 2026
New Book on Handcrafted American Objects Highlights Jewelry“Handwork: Handcrafted Objects that Made America” features historic and contemporary works, including a Diné squash blossom necklace.
Weekly QuizJul 30, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
MajorsAug 06, 2026
AJA East Coast Names Ani Khachian as First Female President-ElectThe Armenian Jewelers Association’s East Coast chapter has also elected its 2026–2027 board of directors.
MajorsAug 05, 2026
Private Equity Firm Wants to Buy 100+ JCPenney StoresOnyx Partners has submitted a second offer to buy the department stores after its first offer fell through last year.
Brought to you by
Wedding Band Trends 2026: Personalization Takes Center StageColored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.
IndependentsAug 05, 2026
Atlanta Jeweler Introduces $10K MartiniSolomon Brothers Jewelers has partnered with local cocktail bar Roaring Social on a new martini garnished with a tennis necklace.
IndependentsAug 05, 2026
Another Member of the Siegel Family Joins Hamilton Jewelers Benjamin Siegel, son of President and CEO Hank Siegel, started working for the family business this week.
MajorsAug 05, 2026
Bulgari Opens Store in San DiegoThe new space features a modern design that blends Bulgari’s Roman heritage with San Diego’s coastal spirit.
CrimeAug 04, 2026
Crew of Thieves Break Into Indiana Jeweler’s HomeFour men were charged in connection with the break-in and accused of stealing $365,000 in cash, jewelry, and designer goods.
MajorsAug 04, 2026
Pandora Hires Former Signet Board Member to Lead North American MarketAndré Branch has more than 25 years of experience with various brands, most recently serving as CEO of Ariana Grande’s cosmetics company.
MajorsAug 04, 2026
Sasha Primak Acquires GemlokNew York-based atelier Gemlok is best known for creating the innovative “bridge” setting that became popular in the bridal market.
CollectionsAug 04, 2026
Musician Carlos Santana Launches Jewelry BrandSantana Now's debut collection, “Unidad,” features symbolic motifs as well as pieces of wood from the Woodstock stage.
CrimeAug 03, 2026
Florida Man Gets 15 Years in Trio of Jewelry Store RobberiesThe 50-year-old man pleaded guilty earlier this year to robbing two jewelry stores and a pawn shop of more than $700,000 in merchandise.
WatchesAug 03, 2026
Citizen's New Spider-Man Watch Is a Collector’s DreamThe watch’s dial features an original design by Marvel comics illustrator Adam Kubert.
CollectionsAug 03, 2026
Chatham Releases First Men’s CollectionThe new collection of lab-grown diamond and colored gemstone jewelry provides a “fresh perspective” on the category, Chatham said.
TrendsAug 03, 2026
Amanda’s Style File: Spinel vs. Peridot While some August babies are team peridot, the month's time-honored birthstone, others are team spinel, the newer alternative.
TrendsJul 31, 2026
These Pieces of the Week Are Sweet Edina Kiss’ “Popsicle” pendant and Karina Choudhrie’s “Ice Cream” charm satisfy that summer craving for a sweet piece of jewelry.
MajorsJul 31, 2026
Macy’s Iconic Red Shopping Bag Sign Torn DownThe massive billboard has been in the same spot on the department store’s Herald Square flagship store for decades.
SourcingJul 31, 2026
Gemfields’ H1 Revenue Jumps 72%The miner’s ruby and emerald auctions brought in a combined $102.9 million.
SourcingJul 30, 2026
De Beers Sale in ‘Final, Most Challenging’ Phase, Anglo CEO SaysThe goal is for the De Beers sale to be finished by the second half of 2026, with the subsequent approvals process expected to take a year.
Policies & IssuesJul 30, 2026
JA Heads Back to Washington as New Wave of Tariffs Takes Effect David Bonaparte, along with Tim Haake and Ronnie VanderLinden, continue to lobby for tariff exemptions for diamonds, gemstones, and pearls.
SurveysJul 30, 2026
Consumer Confidence Slips in JulySurvey respondents were concerned about the rising prices of food and groceries as well as unemployment.
Events & AwardsJul 30, 2026
Vicenzaoro Releases 2026 Education LineupThe trade show, slated for Sept. 4-8 in Vicenza, Italy, will feature sessions on trends, AI, gemology, and manufacturing.
Events & AwardsJul 30, 2026
Hillsborough Show Moves to New Location for 2026The public shopping event featuring art, jewelry, watches, and rare collectibles, will take place in Santa Clara, California, this fall.
