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
TrendsFeb 25, 2026
Engagement Ring Trends 2026: What’s In, and WhyWe asked a jewelry historian, designer, bridal director, and wedding expert what’s trending in engagement rings. Here’s what they said.
SourcingFeb 25, 2026
7 Trends That Could Define the Diamond Industry’s FutureExperts from India weigh in the politics, policies, and market dynamics for diamantaires to monitor in 2026 and beyond.
EditorsFeb 25, 2026
Q&A: Brilliant Earth’s CEO on the New Beverly Hills StoreBeth Gerstein discusses the vibe of the new store, what customers want when fine jewelry shopping today, and the details of “Date Night.”
Brought to you by
Is This You? Every Jeweler Has This Problem; We Have the Solution.Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.
PodcastsFeb 25, 2026
Episode 2: Jewelry Trends & Does the Red Carpet Matter?Are arm bands poised to make a comeback? Has red-carpet jewelry become boring? Find out on the second episode of the “My Next Question” podcast.
Weekly QuizFeb 19, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
WatchesFeb 25, 2026
Private Equity Firms Write Down Value of Breitling, Report SaysThe Swiss watchmaker is battling declining sales amid a rapid retail expansion, according to a Financial Times report.
CollectionsFeb 25, 2026
Rahaminov Diamonds’ New Campaign Honors Its MatriarchThe campaign celebrates Giustina Pavanello Rahaminov, the co-founder’s wife and matriarch of the family-owned brand, for her 88th birthday.
Brought to you by
DCA Enters a New Chapter in Jewelry EducationWith refreshed branding, a new website, updated courses, and a pathway for growth, DCA is dedicated to supporting retail staff development.
IndependentsFeb 25, 2026
Borsheims Names 2025 ‘Ike-It’ Award WinnerRachel Bennett, a senior jeweler who has been with Borsheims since 2004, earned the award.
Policies & IssuesFeb 24, 2026
IEEPA Tariffs Terminated, New 10% Tariff Already ImposedAfter the Supreme Court struck down the IEEPA tariffs, President Trump imposed a 10 percent tax on almost all imports via a different law.
IndependentsFeb 24, 2026
Sherry Smith Now Principal Partner at The Retail SmithsThe industry veteran, who was with The Edge Retail Academy for 14 years, joins her husband at the company he founded in 2022.
IndependentsFeb 24, 2026
Yafa Signed Jewels to Open Store in MiamiThe vintage signed jewelry retailer chose Miami due to growing client demand in the city and the greater Latin American region.
WatchesFeb 24, 2026
Chrono24 Names New VP, U.S. General ManagerFormer Flight Club executive Jin Lee will bring his experience from the sneaker world to the pre-owned watch marketplace.
SourcingFeb 23, 2026
Designer Eddie Sakamoto, a Humble Artist, Dies at 72Sakamoto, who died in mid-January following a sudden illness, is remembered for his humility and his masterful, architectural designs.
Events & AwardsFeb 23, 2026
NYCJAOS Announces Four-Day Spring ShowThe April event will feature a new VIP shopping day requiring a special ticket.
TrendsFeb 23, 2026
Dua Lipa Is Bulgari’s New AmbassadorBulgari chose the British-Albanian singer-songwriter for her powerful and enduring voice in contemporary culture, the jeweler said.
Policies & IssuesFeb 20, 2026
Supreme Court Rules Against Most of President Trump’s TariffsIn a 6-3 ruling, the court said the president exceeded his authority when imposing sweeping tariffs under IEEPA.
ColumnistsFeb 20, 2026
Peter Smith: Happiness, Cavemen, and Jewelry SalesSmith encourages salespeople to ask customers questions that elicit the release of oxytocin, the brain’s “feel-good” chemical.
MajorsFeb 20, 2026
Jewelers Vigilance Committee Names Julie Yoakum Board ChairJVC also announced the election of five new board members.
CollectionsFeb 20, 2026
Boucheron’s ‘Faisceaux’ Brooch Heads to V&A MuseumThe brooch, our Piece of the Week, shows the chromatic spectrum through a holographic coating on rock crystal.
IndependentsFeb 19, 2026
Bailey’s Fine Jewelry Co-Founder ‘Mama Ann’ Bailey Dies at 100Raised in an orphanage, Bailey was 18 when she met her husband, Clyde. They opened their North Carolina jewelry store in 1948.
IndependentsFeb 19, 2026
Material Good Opens Third Location Material Good is celebrating its 10th anniversary as it opens its new store in the Back Bay neighborhood of Boston.
Events & AwardsFeb 19, 2026
The Original Miami Beach Antique Show Returns in MarchThe show will be held March 26-30 at the Miami Beach Convention Center.
AuctionsFeb 18, 2026
Joanna Carson’s Jewels Head to AuctionThe estate of the model, philanthropist, and ex-wife of Johnny Carson has signed statement jewels up for sale at John Moran Auctioneers.
MajorsFeb 18, 2026
Select Jewelry Inks Agreement to Distribute Lightweight Gold JewelryIt will lead distribution in North America for Graziella Braccialini's new gold pieces, which it said are 50 percent lighter.
Policies & IssuesFeb 18, 2026
Community for Ethical Jewelry Looks for Executive DirectorThe organization is seeking a new executive director to lead it into its next phase of strategic growth and industry influence.
Events & AwardsFeb 18, 2026
DCA to Host Gemstone Selling Education Session at IJO EventThe nonprofit will present a live, two-hour introductory course on building confidence when selling colored gemstones.
