The retailer also provided an update on how the tariffs situation in the U.S. is affecting its business.
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The company's Series A shares will continue to trade following a reverse stock split while its Series B shares will be delisted.

Sales for Richemont’s four jewelry brands increased 8 percent, while watch sales picked up toward the end of the year.

CEO Beth Gerstein discussed the company’s bridal bestsellers, the potential impact of tariffs, and the rising price of gold.

The company has multiple strategies for dealing with tariffs, though its CEO said moving manufacturing to the U.S. is not one of them.

Boucheron and Pomellato performed well in an otherwise bleak quarter for Kering amid struggles at Gucci.

The company said it expects sightholders to remain “cautious” with their purchasing due to all the unknowns around the U.S. tariffs.

During a call about its full-year results, CEO Efraim Grinberg discussed how the company is approaching the uncertainty surrounding tariffs.

LVMH CFO Cécile Cabanis also discussed the effects of tariffs so far.

An investigation found that the former managing director of Movado’s Dubai branch overstated and prematurely recorded sales.

The company also noted record sales in the United States and a strong performance in its jewelry category.

The moves are part of the retailer’s new turnaround plan, “Grow Brand Love,” which also includes emphasizing brand loyalty over store banners.

CEO Beth Gerstein shared its most popular price points, what’s trending in non-bridal fine jewelry, and its holiday performance.

Sales at the Rio Tinto-owned mine also slid by a double-digit percentage, falling 37 percent in a difficult market for diamonds.

As anticipated, Anglo took another impairment charge on the diamond miner and marketer, which saw revenue sink 23 percent in 2024.

The luxury titan’s full-year performance was weighed down by struggling sales at its star brand Gucci.

The moves come amid a prolonged period of lower demand for diamonds, particularly in China.

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

Watch and jewelry sales slipped 3 percent in 2024, though the luxury conglomerate did see business pick up in the fourth quarter.

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.

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.

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