The company has plans to revamp the Movado brand and offer less expensive watches this year.
CEO Brian Duffy also detailed a new joint venture partnership with Audemars Piguet.
The company reported record sales, driven by desire for classic lines like Cartier “Panthère” and “Alhambra” from Van Cleef & Arpels.
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CEO Beth Gerstein also spoke about the retailer's store count, its resonance with Gen Z shoppers, and more on the company’s Q1 earnings call.
Pandora’s like-for-like sales were flat globally while they fell 7 percent in the United States.
Boucheron had a “remarkable” first quarter while Pomellato posted solid growth.
More than 130 Made in Italy Manufacturers will be exhibiting at JCK Las Vegas and Couture under the Extraordinary Italian Jewelry banner.
Alongside its first-quarter results, LVMH announced it has scooped up a prominent French jewelry manufacturer primarily for Tiffany & Co.
The watch company expects first-quarter sales to fall as much as 15 percent due to inflation and tough comps.
The jewelry giant’s full-year sales were essentially flat, brought down by fourth-quarter declines.
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In its recent results, the company highlighted non-bridal jewelry sales and said its “inventory-light” showroom model may change.
The luxury titan’s revenue was up 15 percent year-over-year, though sales slipped in the fourth quarter.
Demand for luxury watches continues to exceed supply, spelling a strong quarter for the company.
In its full-year results, the Danish jeweler outlined its plans for the year ahead.
Acquired in 2021, the brand’s high jewelry sales have doubled and its new “Lock” collection was an instant hit.
Buccellati, Cartier, and Van Cleef & Arpels posted strong sales in the luxury titan’s third quarter.
The jewelry giant posted a decline in same-store sales in the third quarter but is gearing up for a season of growth.
Its Q3 sales dipped as inflation took its toll on shoppers in the U.S. and Europe.
The CEO of Cartier told Bloomberg it will be toning down some of its marketing in response to the sharp increase in the cost of living.
The jewelry company posted a strong third quarter but remains cautious about the rest of the year.
The company opened five stores in the United States in the second quarter as it continues growing its footprint.
Announced during its Q3 earnings call, Pandora also spoke on its new lab-grown diamond jewelry line.
Sales for the division that includes the company’s jewelry brands rose 17 percent, fueled by company-owned stores, not wholesale.
LVMH’s jewelry and watch sales grew 25 percent in Q3, with Tiffany’s new “Lock” collection off to a “solid start” in the U.S.
Pre-wedding events, like a bridal shower, represent a $1.9 billion gifting opportunity, said the jewelry giant.
The company lowered its full-year guidance, citing increased economic uncertainty.
The company posted a strong start to the year but is cautious about the second half.
The company is also continuing its retail expansion.
Revenue for the group that includes Kering’s jewelry brands grew 32 percent in the first half of 2022.
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