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Boucheron London store.
European Slump Weighs on Kering Jewelry Brands
Kering reported weak jewelry sales during the first half of 2020 as a slowdown at its Europe-focused brands outweighed stronger figures in Asia.The group’s Boucheron and Pomellato brands suffered from their exposure to the Western European...
Retail Jul 29, 2020 Rapaport News
Kering
Pandemic Drags Down Kering Jewelry Revenue
Kering’s jewelry and watch divisions have been “hard hit” by COVID-19, dragging revenues down for the first quarter, the French luxury group reported Monday.The company, which owns Boucheron, Pomellato and Qeelin,...
Retail Apr 23, 2020 Rapaport News
Graff
Graff Donates $1M to Fight Pandemic
Diamond jeweler Graff will contribute $1 million to help at-risk countries stem the spread of the coronavirus.The company will give the money through its charity foundation to the COVID-19 Solidarity Response Fund, which was...
Retail Apr 13, 2020 Rapaport News
Gucci credit Shutterstock
China Showing Positive Signs, Says Kering
Kering, the owner of Gucci, Saint Laurent and Boucheron, said demand in China was starting to recover, even as the effects of the coronavirus intensified in other locations.“The group is observing encouraging signs in mainland China, where the...
Retail Mar 22, 2020 Rapaport News
Kering
Jewelry Proves Strong for Kering in 2019
“asas” Kering, the owner of high-fashion houses Gucci and Yves Saint Laurent, reported robust sales in its jewelry and watch divisions in 2019, led by a strong performance in the Asia-Pacific region.“Performance was solid double-digit in jewelry...
Retail Feb 13, 2020 Rapaport News
Gucci Baselworld 2019
Gucci Pulls Out of Baselworld
Gucci has become the latest major brand to skip this year’s Baselworld show, citing the new timing of the event as its reason for staying away, according to the fair’s organizers.The dates of the 2020...
Retail Feb 04, 2020 Joshua Freedman
Altagamma
Pomellato CEO to Lead Altagamma Jewelry Unit
Italian luxury-goods industry group Altagamma has appointedPomellato CEO Sabina Belli as vice president of its jewelry division. Belli will take on the role in addition to her responsibilities at Pomellato. She has been with the Kering-owned...
Retail Dec 18, 2019 Rapaport News
Pandora charm 150
Tiffany, Pandora Receive Top Sourcing Scores
Tiffany & Co. and Pandora received high ratings on anannual list comparing responsible sourcing by the largest companies in thefashion industry. Tiffany garnered the top rating of AAA in the retail category for thefifth consecutive...
Retail Dec 02, 2019 Rapaport News
Kering
Kering’s Jewelry and Watch CEO Exits
Albert Bensoussan has stepped down as CEO of Kering’s luxurywatches and jewelry division, the French retail group said Wednesday.Bensoussan joined the owner of Gucci and Yves Saint Laurent in 2014, taking responsibility for its...
Retail Nov 27, 2019 Rapaport News
Tiffany
LVMH Seals Tiffany Deal for $16B
LVMH Moët Hennessy Louis Vuitton is set to acquire Tiffany & Co. for $16.2 billion, strengthening the Paris-based luxury group’sposition in the global jewelry market and increasing its US presence. “Tiffany [is] a company with...
Retail Nov 25, 2019 Rapaport News
Kering
Kering Notes Strong Quarter for Jewelry
Kering, the owner of high-fashion houses Gucci and YvesSaint Laurent, reported robust sales in its jewelry and watch divisions in thethird quarter amid growth in China and the introduction of new collections. “Jewelry delivered solid...
Retail Oct 27, 2019 Rapaport News
Kering
Jewelry Growth Strong for Kering in 1H
Kering, the owner of high-fashion houses Gucci and YvesSaint Laurent, reported solid growth in its jewelry and watch divisions in thefirst half of 2019, driven by increased sales in Asia Pacific and westernEurope. Revenue from houses...
Mining Jul 28, 2019 Rapaport News
Gucci
Gucci Forays into High-End Jewelry
Luxury fashion house Gucci has made a move into high jewelrywith the inauguration of its first boutique and a collection by creativedirector Alessandro Michele. The store, which is dedicated exclusively to jewelry,opened on July 2 in Paris’s historic Place...
Retail Jul 07, 2019 Rapaport News
CIBJO
Groups Join Forces on Responsible Sourcing
The World Jewellery Confederation (CIBJO) and the ColouredGemstones Working Group (CGWG) will collaborate to help companies in theindustry implement responsible sourcing for gemstones such as rubies, emeraldsand sapphires.The groups will develop management tools...
Gemstones May 22, 2019 Rapaport News
Kering Boucheron 150
Jewelry Sales Solid for Kering in First Quarter
Kering noted strong sales in its jewelry-and-watch divisionin the first quarter, amid growing Asian demand and a positive reception at the Salon International de la Haute Horlogerie (SIHH) fair in Geneva. “Jewelry delivered solid growth, thanks...
Retail Apr 21, 2019 Rapaport News
Kering Digital
Kering’s E-Commerce to Move In-House
Kering, the owner of Gucci, Boucheron and Pomellato, plans to end its seven-year partnership with luxuryplatform Yoox Net-A-Porter (YNAP), and bring its e-commerce activitiesin-house. The Paris-based retailer, which has worked with YNAP...
Retail Nov 27, 2018 Rapaport News
Kering POmellato store 150
Kering Posts Strong Jewelry Performance
Kering noted solid sales in its jewelry-and-watch division inthe third quarter amid a sharp increase in the luxury retailer’s group sales. “Watches and jewelry posted solid revenue growth,” thecompany said Wednesday. “New collections...
Retail Oct 25, 2018 Rapaport News
Pandora
Pandora Takes Top Spot for Responsible Sourcing
Pandora topped an annual rating comparing responsiblesourcing by the 10 largest companies in the fashion industry. For the second year running, the jeweler ranked ahead ofluxury vendors, including Kering, Richemont, LVMH and Swatch Group...
Retail Sep 04, 2018 Rapaport News
Boucheron; Kering
Kering Jewelry Growth Solid in 1H
Kering, which owns high-fashion houses such as Gucci andYves Saint Laurent, reported solid growth in its jewelry and watch divisions inthe first half of 2018, driven by increased sales in Asia Pacific and NorthAmerica. “Accessories,...
Retail Jul 29, 2018 Rapaport News
Boucheron 150
Kering Jewelry Lines See Strong First Quarter
Kering reported buoyant jewelry-and-watch sales in the first quarter, driven by newcollections and extensions of certain product lines. “Watches and jewelryperformed very well this quarter,” the company said Wednesday. “Thestrengthened positioning of [jewelry brands]...
Retail Apr 25, 2018 Rapaport News
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