The company posted a strong start to the year but is cautious about the second half.
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Brilliant Earth’s Fine Jewelry a Hit in Q2
The company is also continuing its retail expansion.
Boucheron, Pomellato Deliver ‘Very Solid’ Performances for Kering
Revenue for the group that includes Kering’s jewelry brands grew 32 percent in the first half of 2022.
High Jewelry Shines in First Half for LVMH
The luxury conglomerate said Bulgari’s “Eden: The Garden of Wonders” and Tiffany’s “Blue Book” collections set records.
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For Richemont, Strong U.S. Q1 Sales Offset Slump in China
Its jewelry houses, which include Cartier and Buccellati, posted double-digit growth.
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US Sales Grow 44% for Watches of Switzerland in ‘Tremendous’ Year
Plus, CEO Brian Duffy on how supply shortages have spread to brands beyond Rolex and Patek Philippe.
Signet’s Bridal Strong in Q1 as ‘Year of the Wedding’ Continues
From its bridal offerings to a major lawsuit settlement, here are five things to know about the company’s first quarter results.
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Movado Posts Record Q1 Sales Despite ‘Challenging’ US Market
The company opted not to raise its fiscal guidance, citing a slowdown in the U.S. market as a key reason.
Richemont’s 2022 Jewelry Sales in the Americas Nearly Double
Cartier, Van Cleef & Arpels, and Buccellati put on stellar performances.
Watches of Switzerland’s Jewelry Sales More Than Doubled in Q4
The retailer also said demand for Rolex, Patek Philippe, and Audemars Piguet watches continues to exceed its supply.
Brilliant Earth Reports Strong Q1 But Lowers 2022 Guidance
The company is feeling the impact of the uncertain geopolitical and macroeconomic environment, said CEO Beth Gerstein.
Pandora Posts Strong Q1 But Warns of US Slowdown Ahead
The company said the “affordable” jewelry market in the U.S. is growing slower than the overall market.
Kering’s Q1 Jewelry Sales Were ‘Exceptional’
CFO Jean-Marc Duplaix said Boucheron, Pomellato, and the other jewelry brands put on an “outstanding performance.”
LVMH’s Q1 Jewelry, Watch Sales Up 24%
New addition Tiffany & Co. had an excellent start to the year, the luxury titan said.
Movado’s 2021 US Sales Shot Up 61 Percent
Also, the company has donated $100,000 to charities aiding those affected by the war in Ukraine.
Signet Cuts Ties With Russian-Owned Companies
The news preceded announcement of the company’s full-year results, which were strong.
Brilliant Earth Reports 51% Sales Growth in 2021
The retailer attributed its success to its appeal to younger consumers, expansion in non-bridal jewelry, and growing network of showrooms.
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Kering’s Jewelry Brands Had an ‘Exceptional’ Year
The luxury conglomerate posted record overall revenue in 2021.
Watches of Switzerland’s Q3 Jewelry Sales Up 88%
Jewelry sales were strong following its acquisition of Betteridge and the opening of its first Bulgari boutique.
Pandora’s 2021 Sales Strong as Gen Z Answers Its Call
The company’s Gen-Z-focused “Pandora Me” collection put on a particularly strong performance.
LVMH’s 2021 Jewelry, Watch Sales Double
Recently acquired Tiffany & Co. put on a "record performance" in its first year with the luxury conglomerate.
Signet Raises Guidance After Strong Holiday Sales
The jewelry giant’s holiday season revenue was up 30 percent year-over-year.
Jewelry Sales Jump 38% in Q3 for Richemont
Cartier, Van Cleef & Arpels and Buccellati were top performers for the luxury conglomerate over the key holiday season.
December Retail Sales Slump, But Holiday Season Holds Strong
Though retail sales fell in December, the holiday season as a whole saw double-digit growth.
NRF Ups Holiday Spending Forecast Despite Modest November Sales
Though monthly retail sales saw only a slight increase, the organization is still predicting record spending for the holiday season.
From market analysis to emerging jewelry trends, National Jeweler’s Daily Newsletter covers the most important industry news of the day.Subscribe