In its full-year results, the retailer shared its 2025 outlook and an update on the global rollout of its lab-grown diamond collection.
Financials

Watch and jewelry sales slipped 3 percent in 2024, though the luxury conglomerate did see business pick up in the fourth quarter.
The luxury titan’s full-year performance was weighed down by struggling sales at its star brand Gucci.
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CEO Beth Gerstein shared its most popular price points, what’s trending in non-bridal fine jewelry, and its holiday performance.

The company, which owns Cartier and Van Cleef & Arpels, had a record Q3, with sales topping $6 billion.

The peak selling days leading up to Christmas did not meet the jewelry retailer’s expectations.

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The retailer has been upping its marketing spend to drive revenue growth and brand awareness.


The retailer’s jewelry sales doubled, with branded jewelry performing especially well.

The jewelry retailer addressed the lab-grown diamond “disruption,” the price of gold, and its holiday weekend performance.

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Richemont’s jewelry sales ticked up 2 percent in the first half of the year, while watch sales plummeted 17 percent.

Plus, CEO Beth Gerstein shares her insight on the holiday season and the possibility of new tariffs.

The Danish jewelry company plans to open up to 150 concept stores this fiscal year.

The retailer said it will file the necessary paperwork to regain compliance as soon as it is able.

Sales fell 15 percent for the luxury conglomerate in the third quarter, led by a 26 percent drop in sales for flagship brand Gucci.

Sales slipped 4 percent in the third quarter in an environment the company described as economically and politically uncertain.

The jewelry giant said it expects to see an uptick in engagements in the second half of the year.

CEO Efraim Grinberg pointed to a challenging consumer spending environment, particularly in the watch category.

The jewelry retailer is eyeing expansion, increasing the number of stores it plans to open this year.

The jewelry retailer is forecasting sales will fall as much as 14 percent in its third quarter.

The gains come amid a tough time for parent company Kering, which saw sales slide 11 percent in the first half of the year.

Tiffany & Co. is focusing on its “iconic” collections while the company has made changes at the top at TAG Heuer and Hublot.

In contrast, the luxury giant’s watch sales fell 14 percent.

The company is expecting to see a 5 to 10 percent increase in engagements this year.

The company attributed the decline to a “challenging” retail environment.

The announcement coincided with its full-year results, with growth driven by its jewelry brands.

Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.

While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.

The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
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