Buccellati Opera Galileo pendants
FinancialsNov 14, 2023
Richemont’s H1 Jewelry Sales Climb 10%

Rising jewelry sales and a rebound in the Asia-Pacific region were the main growth drivers for the company as a whole.

Brilliant Earth Sol Collection
FinancialsNov 13, 2023
Brilliant Earth Lowers Guidance As Bridal Market Slows

In its recent third-quarter results, CEO Beth Gerstein also shared her holiday prediction for the upcoming season.

FinancialsNov 09, 2023

Sales increased 5 percent after a down quarter as the brand saw in-store traffic pick up.

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Lila Moss Calvin Klein campaign
FinancialsDec 01, 2023
Movado Lowers Guidance Again After Q3 Sales Dip

The company said it is facing a “challenging retail environment” but is prepared for the holiday season.

Watches of Switzerland store in the Mall of America
FinancialsNov 08, 2023
Watches of Switzerland’s Jewelry Sales Sink in Q2

Sales of pre-owned watches, however, grew 80 percent following the company’s rollout of the Rolex Certified Pre-Owned program.

Pomellato Triennale tanzanite and diamond ring
FinancialsOct 25, 2023
Kering’s Q3 Sales Slide Amid Luxury Sales Slowdown

However, the company’s jewelry brands seemed to hold their own.

De Beers Rough Diamonds
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The Most Important “C” in Diamonds: Confidence!

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Bulgari high jewelry rings
FinancialsOct 11, 2023
LVMH Posts Muted Q3 Growth, Jewelry Sales Slow

The luxury titan pointed to softening luxury sales, especially in the U.S. and Europe.

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Zales diamond bypass ring
FinancialsAug 31, 2023
Signet’s Q2 Same-Store Sales Fall 12%

Macroeconomic pressures like inflation and a decline in the number of people popping the question took a toll on the jeweler.

Movado Carmen Herrera watches
FinancialsAug 25, 2023
Movado Lowers Guidance Amid Q2 Sales Struggles

The company noted a “challenging environment for consumer discretionary products.”

De Beers | Diamonds Falling
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The Most Important “C” in Diamonds: Confidence!

Without the ability to instill confidence within the industry and directly to the consumer, a diamond holds very little value.

Pandora Little Mermaid shell charm
FinancialsAug 16, 2023
Pandora’s US Sales Improve in Q2

Mother’s Day and “The Little Mermaid” helped make a difference, though the company’s U.S. sales are still lagging behind last year.

Watches of Switzerland American Dream mall
FinancialsAug 15, 2023
Watches of Switzerland Rolls Out Rolex CPO Program in US

The retailer described early results as “encouraging” and said it will introduce the program in the U.K. in September.

Brilliant Earth Bloom drop earring
FinancialsAug 10, 2023
Brilliant Earth Sees Slight Increase in Q2 Sales

The retailer reported a record-breaking number of orders for the quarter amid strong Mother’s Day sales but average order value declined.

Diamond and emerald earring from Kering’s “New Maharajahs” high jewelry collection
FinancialsJul 28, 2023
Kering’s Jewelry Brands Shine in H1

The luxury titan also announced it acquired a 30 percent stake in Italian luxury brand Valentino and named a new CFO.

Bulgari sapphire and diamond necklace
FinancialsJul 26, 2023
LVMH’s Jewelry, Watch Sales Up 11% in H1

Despite its strong results, the luxury titan remained cautious about the rest of the year due to economic and geopolitical uncertainty.

Cartier Baignoire diamond pavé
FinancialsJul 18, 2023
Richemont’s Q1 Jewelry Sales in the Americas Fall Flat

The owner of Cartier and Van Cleef & Arpels also said online-only retailers are facing a “globally challenging environment.”

Lab-grown diamond jewelry from Zales’ rental service
FinancialsJun 08, 2023
Signet’s Q1 Same-Store Sales Fall 14%, Plans to Close 150 Stores

The jewelry giant noted lower-than-expected Mother’s Day sales and increasing macroeconomic pressures.

Models wearing Calvin Klein watches and jewelry
FinancialsMay 26, 2023
Movado Sales Slip in Q1 Amid Inflation Woes, Tough Comps

The company has plans to revamp the Movado brand and offer less expensive watches this year.

Watches of Switzerland store in the Mall of America
FinancialsMay 18, 2023
Watches of Switzerland’s Full-Year U.S. Sales Climb 52%

CEO Brian Duffy also detailed a new joint venture partnership with Audemars Piguet.

Cartier Tank “Normale” watch
FinancialsMay 15, 2023
Richemont Chair Shoots Down Reports of Acquisition by LVMH

The company reported record sales, driven by desire for classic lines like Cartier “Panthère” and “Alhambra” from Van Cleef & Arpels.

A selection of jewels from Brilliant Earth’s cocktail ring collection
FinancialsMay 15, 2023
Brilliant Earth Beats Estimates Amid Growth in Non-Bridal Jewelry Sales

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.

20230504_Pandora lab-grown diamond rings.jpg
FinancialsMay 04, 2023
In Q1, Pandora Notes ‘Heightened Consumer Hesitancy’ in US

Pandora’s like-for-like sales were flat globally while they fell 7 percent in the United States.

Boucheron's “New Maharani Necklace”
FinancialsApr 26, 2023
Kering’s Jewelry Brands Shine as Gucci Recovers

Boucheron had a “remarkable” first quarter while Pomellato posted solid growth.

20230413_LVMH header Bulgari necklace.jpg
FinancialsApr 13, 2023
LVMH Talks Tiffany Flagship Reopening, Makes Another Acquisition

Alongside its first-quarter results, LVMH announced it has scooped up a prominent French jewelry manufacturer primarily for Tiffany & Co.

FinancialsMar 24, 2023
Movado Predicts Declining Sales Amid ‘Volatile’ Retail Environment

The watch company expects first-quarter sales to fall as much as 15 percent due to inflation and tough comps.

20230316_Signet header.jpg
FinancialsMar 16, 2023
Winter Weather, Declining Engagements Weigh on Signet’s Results

The jewelry giant’s full-year sales were essentially flat, brought down by fourth-quarter declines.

20230316_Brilliant Earth pearl ring.jpg
FinancialsMar 16, 2023
Brilliant Earth Took a Record Number of Orders in 2022

In its recent results, the company highlighted non-bridal jewelry sales and said its “inventory-light” showroom model may change.

FinancialsFeb 15, 2023
Boucheron, Pomellato Post ‘Outstanding' Year for Kering

The luxury titan’s revenue was up 15 percent year-over-year, though sales slipped in the fourth quarter.

2021_Watches of Switzerland Mall of America store.jpg
FinancialsFeb 10, 2023
Watches of Switzerland’s U.S. Sales Continue Climbing in Q3

Demand for luxury watches continues to exceed supply, spelling a strong quarter for the company.

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From market analysis to emerging jewelry trends, National Jeweler’s Daily Newsletter covers the most important industry news of the day.


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