Acquired in 2021, the brand’s high jewelry sales have doubled and its new “Lock” collection was an instant hit.
Financials

Its Q3 sales dipped as inflation took its toll on shoppers in the U.S. and Europe.
Buccellati, Cartier, and Van Cleef & Arpels posted strong sales in the luxury titan’s third quarter.
Latest in Financials

The jewelry giant posted a decline in same-store sales in the third quarter but is gearing up for a season of growth.

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.

Distinguishing natural diamonds from laboratory-grown stones – now more available than ever – has been difficult for jewelers. Until now.

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.

De Beers Institute of Diamonds provides the very best in diamond verification, education and diamond services.

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.

The luxury conglomerate said Bulgari’s “Eden: The Garden of Wonders” and Tiffany’s “Blue Book” collections set records.

Its jewelry houses, which include Cartier and Buccellati, posted double-digit growth.

Plus, CEO Brian Duffy on how supply shortages have spread to brands beyond Rolex and Patek Philippe.

From its bridal offerings to a major lawsuit settlement, here are five things to know about the company’s first quarter results.

The company opted not to raise its fiscal guidance, citing a slowdown in the U.S. market as a key reason.

Cartier, Van Cleef & Arpels, and Buccellati put on stellar performances.

The retailer also said demand for Rolex, Patek Philippe, and Audemars Piguet watches continues to exceed its supply.

The company is feeling the impact of the uncertain geopolitical and macroeconomic environment, said CEO Beth Gerstein.

The company said the “affordable” jewelry market in the U.S. is growing slower than the overall market.

CFO Jean-Marc Duplaix said Boucheron, Pomellato, and the other jewelry brands put on an “outstanding performance.”

New addition Tiffany & Co. had an excellent start to the year, the luxury titan said.

Also, the company has donated $100,000 to charities aiding those affected by the war in Ukraine.

The news preceded announcement of the company’s full-year results, which were strong.
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