The company, which owns Cartier and Van Cleef & Arpels, had a record Q3, with sales topping $6 billion.
Financials
![A selection of rings available at Signet-owned banner Kay Jewelers. Signet Jewelers lowered its fourth-quarter guidance following lackluster holiday sales. Woman wearing rings on both hands](https://uploads.nationaljeweler.com/uploads/fa00402fd5244caeb49f5921b697a7fe.jpg)
The peak selling days leading up to Christmas did not meet the jewelry retailer’s expectations.
The retailer has been upping its marketing spend to drive revenue growth and brand awareness.
Latest in Financials
![A campaign image from Boucheron’s “Histoire de Style” high jewelry collection, “Power of Couture,” which debuted last year. The Kering-owned brand performed well in its recent full-year results. Boucheron Power of Couture campaign](https://uploads.nationaljeweler.com/uploads/df26760df8463544c07a6c2dcb34b6bd.jpg)
The luxury titan’s full-year performance was weighed down by struggling sales at its star brand Gucci.
![A 14-karat gold-plated “Sparkling Bow” necklace set with cubic zirconia by Pandora ($225). The jewelry retailer posted strong results in 2024. Pandora sparkling bow necklace](https://uploads.nationaljeweler.com/uploads/e5b8520c22df8f43d3ff99522d695b2e.jpg)
In its full-year results, the retailer shared its 2025 outlook and an update on the global rollout of its lab-grown diamond collection.
![Tiffany & Co., which celebrated the 50th anniversary of designer Elsa Peretti’s “Bone” cuff in 2024, is one of the jewelry houses owned by luxury conglomerate LVMH. LVMH’s jewelry and watch sales slipped 3 percent year-over-year in 2024, the company reported Tuesday. Elsa Peretti for Tiffany & Co. Bone Cuff](https://uploads.nationaljeweler.com/uploads/d27e3a177959e749c49e0a9e5f09d778.jpg)
Watch and jewelry sales slipped 3 percent in 2024, though the luxury conglomerate did see business pick up in the fourth quarter.
![Header Image.jpg](https://uploads.nationaljeweler.com/uploads/1555783e83d2a9c8f7b7545155d28368.jpg)
This year will feature a new MJSA Showcase and partnership with Piazza Italia.
![Watches of Switzerland Group saw sales increase 3 percent year-over-year in the first half of the fiscal year, with the recently acquired Roberto Coin bolstering the company’s jewelry sales. Roberto Coin jewelry](https://uploads.nationaljeweler.com/uploads/0c5156d9cbcf93a58be484d1455364cc.jpg)
The retailer’s jewelry sales doubled, with branded jewelry performing especially well.
![](https://uploads.nationaljeweler.com/uploads/99a46b30cc354962ac2e29ecd113587a.jpg)
![A selection of jewelry available at Signet Jewelers-owned banner Kay Jewelers. Signet Jewelers posted a 3 percent year-over-year decline in sales in its third quarter. Gold rings](https://uploads.nationaljeweler.com/uploads/7900e81e8289c0273833c9ad29891bca.jpg)
The jewelry retailer addressed the lab-grown diamond “disruption,” the price of gold, and its holiday weekend performance.
![The “Calla” necklace from Vhernier. Richemont announced its acquisition of the Italian jewelry brand in May and closed the deal in September. Vhernier joins Cartier, Van Cleef & Arpels, and Buccellati in Richemont’s jewelry division, which bucked the downward trend of luxury sales in the first half of 2024. Vhernier Calla necklace](https://uploads.nationaljeweler.com/uploads/723ee4c26784773d06d0fab9e43337cf.jpg)
Richemont’s jewelry sales ticked up 2 percent in the first half of the year, while watch sales plummeted 17 percent.
![Top Image.png](https://uploads.nationaljeweler.com/uploads/17d84393fb1ce78143e2cc3ca59f2af5.png)
Colored stones are stepping into a jewelry spotlight typically reserved for diamonds—are you ready to sell color?
![A campaign image from Brilliant Earth’s new jewelry collection with Jane Goodall. The jewelry retailer reported net sales fell 13 percent year-over-year in its recent third quarter. Brilliant Earth Jane Goodall jewelry](https://uploads.nationaljeweler.com/uploads/5d9f1b1d1b5469377f86df1a1c59fb9a.jpg)
Plus, CEO Beth Gerstein shares her insight on the holiday season and the possibility of new tariffs.
![A Pandora 14-karat gold-plated Cuban chain bracelet with cubic zirconia pavé ($395). The Danish jeweler reported organic sales growth of 11 percent in the third quarter. Pandora cuban link bracelet](https://uploads.nationaljeweler.com/uploads/506a089c019b255a0a90a0d65f584026.jpg)
The Danish jewelry company plans to open up to 150 concept stores this fiscal year.
![A 14-karat rose gold swirl bypass solitaire engagement ring set with a 1.10-carat “Forever One” cushion-cut moissanite by Charles & Colvard. The company is at risk of being delisted from the Nasdaq stock exchange after failing to file its annual report on time. Charles & Colvard moissanite ring](https://uploads.nationaljeweler.com/uploads/5da7bc7769ec9dbf3960c0195b0dfd01.jpg)
The retailer said it will file the necessary paperwork to regain compliance as soon as it is able.
![A model wears pieces from “The Power of Couture,” the 24-piece high jewelry collection Boucheron released in January. Boucheron is part of Kering, and the luxury conglomerate saw sales fall 15 percent in the third quarter. Jewelry from Boucheron](https://uploads.nationaljeweler.com/uploads/ee4e8576db7982bdf9579a5ab371cec4.jpg)
Sales fell 15 percent for the luxury conglomerate in the third quarter, led by a 26 percent drop in sales for flagship brand Gucci.
![An image from Tiffany & Co.’s “With Love, Since 1837” campaign, which it launched earlier this year. Tiffany & Co. is part of LVMH’s Watches & Jewelry division, which saw sales decline 4 percent on an organic basis in the third quarter. Tiffany With Love Since 1837 campaign image](https://uploads.nationaljeweler.com/uploads/1c0b78dff9d49a88c22fb3c796e9113a.jpg)
Sales slipped 4 percent in the third quarter in an environment the company described as economically and politically uncertain.
![An image from Signet Jewelers-owned Zales’ new marketing campaign, launched in celebration of its 100th anniversary. Signet Jewelers’ sales declined in the second quarter, but it said an engagement recovery is on the way. Zales 100th anniversary marketing campaign](https://uploads.nationaljeweler.com/uploads/8dd541839a3bdb6c04c9d9693716fe0e.jpg)
The jewelry giant said it expects to see an uptick in engagements in the second half of the year.
![A set of Movado Connect 2.0 watches. The company reported declining sales in its recent second quarter results. Movado Connect 2.0 watches](https://uploads.nationaljeweler.com/uploads/5d1cc61baba5bd86849eb79a0df1fd7c.jpg)
CEO Efraim Grinberg pointed to a challenging consumer spending environment, particularly in the watch category.
![A selection of cultured pearl jewelry from the “Pandora Essence” collection. The company raised its guidance following a strong performance in the first half of the year. Pandora Essence pearl jewelry](https://uploads.nationaljeweler.com/uploads/1ede288d7de435b9ce47edc06dcd7bba.jpg)
The jewelry retailer is eyeing expansion, increasing the number of stores it plans to open this year.
![A pair of 14-karat yellow gold “Bloom” drop earrings set with lab-grown diamonds, pink sapphires, and emeralds from Brilliant Earth’s collaboration with designer Logan Hollowell ($3,495). The company posted declining sales in the second quarter and lowered its guidance for the year ahead. Brilliant Earth and Logan Hollowell Bloom drop earrings](https://uploads.nationaljeweler.com/uploads/18504628dc9bbcf70af6649d5cbb40b3.jpg)
The jewelry retailer is forecasting sales will fall as much as 14 percent in its third quarter.
![A malachite and diamond bracelet from Pomellato’s “Pom Pom Dot” collection, launched earlier this year. Pomellato and Boucheron were bright spots for Kering in an otherwise underwhelming first half of the year. Pomellato Malachite Pom Pom Dot bracelet](https://uploads.nationaljeweler.com/uploads/3c237b62e009742fc52487097daf3c5a.jpg)
The gains come amid a tough time for parent company Kering, which saw sales slide 11 percent in the first half of the year.
![A shot from the advertising campaign for LVMH-owned Bulgari’s “Eden the Garden of Wonders” high jewelry collection. LVMH’s jewelry and watch sales slipped in the first half of the fiscal year. Bulgari high jewelry campaign](https://uploads.nationaljeweler.com/uploads/c24eb75ca8cea44d2e9859648f4a98ee.jpg)
Tiffany & Co. is focusing on its “iconic” collections while the company has made changes at the top at TAG Heuer and Hublot.
![A pair of earrings from Richemont-owned Buccellati’s high jewelry offerings. Richemont’s Q1 sales were down 1 percent as the luxury giant was up against tough comparatives. Buccellati high jewelry earrings](https://uploads.nationaljeweler.com/uploads/73ec56c83f0393534e2a84976be94784.jpg)
In contrast, the luxury giant’s watch sales fell 14 percent.
![A lab-grown diamond engagement ring by the Vera Wang Love brand at Signet Jewelers-owned banner Zales. Signet posted declining revenue and same-store sales in its first quarter. Vera Wang Love True lab-grown diamond engagement ring](https://uploads.nationaljeweler.com/uploads/b19b470b396ee18fc0ff5a20628224fb.jpg)
The company is expecting to see a 5 to 10 percent increase in engagements this year.
![Model Georgia May Jagger, daughter of model Jerry Hall and Rolling Stones frontman Mick Jagger, stars in a campaign for Tommy Hilfiger, a licensed brand in Movado’s portfolio. Movado’s first-quarter sales were down 6 percent. Georgia May Jagger Movado campaign](https://uploads.nationaljeweler.com/uploads/6c1490afbe8460e672ae1c219ae5d9da.jpg)
The company attributed the decline to a “challenging” retail environment.
![A spring campaign image by Richemont-owned Buccellati. Richemont’s jewelry brands posted strong sales in its recent financial results. Buccellati jewelry](https://uploads.nationaljeweler.com/uploads/af0e4dd47f246ccb42c31b44b54ee4a1.jpg)
The announcement coincided with its full-year results, with growth driven by its jewelry brands.
![Watches of Switzerland’s full-year revenue was flat, though its U.S. sales were up 6 percent. As of April 28, the retailer had 223 stores across the U.S., U.K., and Europe; pictured here is its store in the Mall of America in Bloomington, Minnesota. Watches of Switzerland Mall of America store](https://uploads.nationaljeweler.com/uploads/013b753d85717544b4e5d1eef29bec9c.jpg)
Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
![A campaign image from Brilliant Earth’s partnership with Logan Hollowell Fine Jewelry. Brilliant Earth reported flat net sales growth in the first quarter. Brilliant Earth Logan Hollowell jewelry collection](https://uploads.nationaljeweler.com/uploads/96813bc12d8336b4385e0e32ba700a32.jpg)
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
![Pandora started the year off strong, posting double-digit revenue growth in its first quarter. Pandora jewelry](https://uploads.nationaljeweler.com/uploads/c73e4f56af79a1f20a889d2ccdf57ca8.jpg)
The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
![Necklaces from Kering-owned Pomellato’s new “Pom Pom Dot” collection. Kering posted an 11 percent year-over-year drop in sales in Q1, though Pomellato and Boucheron had a solid quarter. Pomellato Pom Pom Dot necklaces](https://uploads.nationaljeweler.com/uploads/4529c3932dc2612d769ef407f952c4ea.jpg)
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
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