The highlight of a single-owner jewelry and watch collection, it’s estimated to fetch up to $7 million at auction this December.
Boucheron, Pomellato Struggle in Kering’s H1
The jewelry brands’ limited exposure to the recovering Asia-Pacific market dulled their performance in the first half of the year.

Paris—Luxury conglomerate Kering said the first half of its fiscal year has been the toughest period it’s faced, with sales sinking double digits across all markets.
The company behind Gucci, Yves Saint Laurent and other high-end brands struggled as the COVID-19 pandemic kept many of its stores shuttered for months on end and halted tourism.
“Our results today underscore the extent of the disruption exacted by the pandemic on our operations,” CEO François-Henri Pinault said in a press release announcing the results, adding he is confident in the company’s ability to weather the crisis.
First-half revenue totaled €5.38 billion ($6.31 billion), a 30 percent decline compared with €7.64 billion ($8.96 billion) a year ago.
RELATED CONTENT: LVMH’s Watch, Jewelry Sales Down 38% So Far This YearIn just the second quarter, revenue fell 44 percent on a comparable basis to €2.18 billion ($2.55 billion).
The company’s watch and jewelry brands, including Pomellato and Boucheron, fall into its “other houses” division, alongside Balenciaga and Alexander McQueen.
First-half revenue in the “others” division totaled €919.1 million ($1.08 billion), a 26 percent drop on a comparable basis.
Revenue in this division sank 44 percent in the second quarter. Retail sales were down 35 percent year-over-year while wholesale, affected in particular by watches, fell 53 percent.
Jewelry brand Qeelin, bolstered by a recovering market in mainland China, saw revenue growth in the first half of the year.
Kering recently invested in the brand, notable for its Chinese symbolism inspiration, to expand its presence in mainland China, leading to strong performances in recent quarters.
Boucheron and Pomellato continued to be hurt by their “limited exposure” to the recovering Asia-Pacific market, noted Chief Financial Officer Jean-Marc Duplaix on an earnings call Tuesday.
The temporary closures across Kering’s retail network had a major impact on the second quarter with 65 percent of its stores closed in April and 45 percent in May. As of June, 15 percent of stores remain closed.
While nearly all stores in Europe and Japan have reopened, 50 percent of its U.S. stores are still closed.
Kering’s luxury houses saw a decline in comparable growth across all regions, including a 34 percent drop in North America, 25 percent in Asia-Pacific, 29 percent in Western Europe and 40 percent in Japan.
Its overall retail sales in the first half were down 31 percent, though Kering noted a higher store conversion rate was easing the sting of softer traffic.
As for wholesale, U.S. department
The loss of travel retail also took its toll as wholesale revenue fell 27 percent year-over-year.
The company said its long-term strategy is to get a tighter grip on its distribution, downsizing the number of wholesalers.
Online sales were a bright spot for the luxury conglomerate, jumping 72 percent in the second quarter and 47 percent in the first six months overall.
E-commerce revenue accounted for 13 percent of all sales, more than double the 6 percent reported last year.
Shoppers in North America warmed up to online shopping, sending e-commerce sales in the region up 46 percent in the first half of the year.
Online sales accounted for 26 percent of retail sales in the U.S., double the 13 percent reported a year ago.
Kering did not provide financial guidance for the year ahead, noting: “The lack of visibility about how the worldwide personal luxury goods market will evolve in the next few months makes it impossible to forecast the group’s second-half sales with any sufficient degree of reliability.”
The Latest

The “Bullseye” necklace, with vintage bakelite and peridot, August’s birthstone, is the perfect transitional piece as summer turns to fall.

Sponsored by Clientbook

Jewelers of America is leading the charge to protect the industry amidst rising economic threats.

It will classify lab-grown stones into one of two categories, “premium” or “standard,” in lieu of giving specific color and clarity grades.


President Duma Boko addressed the country’s medical supply chain crisis in a recent televised address.

Former Free People buyer Afton Robertson-Kanne recently joined the retailer.

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

The jeweler teamed up with two local organizations for its inaugural “Back to School and Bling” event.

The singer’s new bling, reportedly a natural old mine-cut diamond, is no paper ring.

Dubbed the “Imboo,” or “buffalo,” emerald, the rough gemstone is part of Gemfields’ latest emerald auction, which is taking place now.

Plans for dining out, booking vacations, and buying big-ticket items were down.

The “Play” collection centers on nostalgic toys that have kinetic elements to carry playfulness and wonder into adulthood.

Designer Christina Puchi, the creative force behind CCWW Designs, has created charms and pendants based on iconic candies and crackers.

The Jonas Brothers star showed off new timepieces against the backdrop of his favorite spots in his home state of New Jersey.

The family-owned jeweler in Fayetteville, North Carolina, is in the hands of the second generation.

In his latest column, Emmanuel Raheb shares tips for encouraging customers to treat themselves to new jewelry.

The new stand-alone Rolex boutique is housed in the former Odd Fellows Hall, a landmark built in 1897.

The Brilliant Earth ambassador co-designed a diamond medallion featuring meaningful symbols.

Wrap jewelry is more than just a trend; it’s the perfect motif for the coming season of layering, scarves, and pumpkin spice.

The three-day watch collector show, coming this October, will feature 44 exhibiting brands, as well as a new dinner experience.

Sriram “Ram” Natarajan is now GIA’s senior vice president of laboratory operations and is based out of the lab’s headquarters in Carlsbad.

The one-of-a-kind collar represents the beauty of imperfection and the strength to rebuild.

Three C-suite executives, including former CEO Tom Nolan, have resigned as part of what the company describes as a “transition.”

The retailer, which recently filed Chapter 11, inked a deal to sell its North American business and intellectual property.

Target CEO Brian Cornell will step down in February and be replaced by the company’s chief operating officer, Michael Fiddelke.

The group met with the president's senior trade advisor earlier this week to express the industry’s concerns about the effects of tariffs.