CEO Beth Gerstein said she believes in the jeweler’s omnichannel approach as its retail rollout continues.
And it’s expected to stay that way for the remainder of 2021.
Anglo American is donating the money to its Anglo American Foundation, which supports projects in countries where it mines.
Luxury watch sales were particularly strong for the retailer, with CEO Brian Duffy noting customers have “accumulated disposable wealth.”
Consumer desire for diamond jewelry remains strong while midstream demand in India is returning, the companies said.
The company is implementing a restructuring plan after struggling amid the COVID-19 pandemic.
Its namesake Movado brand performed especially well in the first quarter.
The luxury titan’s jewelry sales exceeded pre-COVID levels.
The company announced the news alongside its first-quarter results, posting strong revenue in the U.S. market.
Leaders at both companies said the latest sales results are in line with expectations.