SurveysJan 30, 2026
These Are the Top Brands of 2026, Says YouGovFrom tech platforms to candy companies, here’s how some of the highest-ranking brands earned their spot on the list.
FinancialsFeb 12, 2020
Kering’s Jewelry Houses See Double-Digit Growth in 2019
CEO François-Henri Pinault said the company “remains confident” despite the coronavirus’ effect on the key Chinese market.
A pair of arrow motif earrings from Kering-owned brand Gucci. The luxury conglomerate reported double-digit revenue growth in its fourth-quarter and full-year results.
Paris—Luxury conglomerate Kering reported double-digit revenue growth in its fourth-quarter and full-year results, including in its watches and jewelry division.
Fourth quarter overall revenue totaled €4.36 billion ($4 billion), an 11 percent increase on a comparable basis, while revenue for the full year rose 13 percent year-over-year to €15.38 billion ($14.1 billion).
Fourth quarter revenue in the watches and jewelry division totaled €699.9 million ($641.59 million), a 15 percent increase on a comparable basis.
For the full year, revenue in the category clocked in at €2.54 billion ($2.33 billion), an 18 percent jump year-over-year.
Net income for the full year fell 37 percent following a €1.25 billion ($1.36 billion) tax penalty paid to Italian authorities.
Online sales climbed 23 percent on an annual basis, while wholesale sales rose 10 percent.
Overall, Kering saw growth across all regions, including a 7 percent increase in North America, 20 percent in Asia-Pacific, 14 percent in Western Europe and a 6 percent increase in Japan.
Kering’s brand portfolio spans fashion, leather goods, watches and jewelry.
The company refers to its top-performing brands Gucci, Yves Saint Laurent and Bottega Veneta as its main “houses,” while brands including Balenciaga and Alexander McQueen, as well as watch and jewelry offerings, are referred to as the “other houses” division.
“Performance was solid double-digit in jewelry with Boucheron, Pomellato and Qeelin taking advantage of the success of their collections and improved market coverage,” Chief Financial Officer Jean-Marc Duplaix said on the earnings call Wednesday morning.
Kering highlighted its “successful investment” in Boucheron and Qeelin, which recently expanded its presence in mainland China.
Looking at its performance in China, Kering CEO François-Henri Pinault said on the call the environment had “changed significantly” in the wake of the coronavirus outbreak, which was responsible for 1,100 deaths worldwide as of Wednesday morning.
Pinault said that about half of its stores in China are closed and those remaining open have seen a drop in traffic and shortened operating hours, leading to a “strong drop” in sales.
The company has postponed events, product launches, and store openings in the area and has begun moving inventory from China to other regions.
“Due to the evolving nature of the situation, it is impossible at this time to fully evaluate the impact on our businesses and how fast they will recover,” he said.
Investment group Jefferies estimated Chinese buyers made up about 40 percent of the €281 billion ($306 billion) spent on luxury goods worldwide in 2019
Editors' Picks
Sponsored by
and drove 80 percent of the growth, as per a report from the Financial Times.
“The fourth quarter was great, but we need more information on current issues in China,” Jefferies analyst Flavio Cereda said to the FT. “The underlying strength of the business bodes well for the second half.”
Kering did not provide guidance for the year ahead but noted it “remains confident” in its growth potential.
“The fourth quarter was great, but we need more information on current issues in China,” Jefferies analyst Flavio Cereda said to the FT. “The underlying strength of the business bodes well for the second half.”
Kering did not provide guidance for the year ahead but noted it “remains confident” in its growth potential.
More on Financials
The Latest
CollectionsJan 30, 2026
Follow the Beat With Etiq’s ‘Khol’ RingThe “Khol” ring, our Piece of the Week, transforms the traditional Indian Khol drum into playful jewelry through hand-carved lapis.
MajorsJan 30, 2026
Arch Crown’s 2026 ‘Tag & Label’ Catalog Is HereThe catalog includes more than 100 styles of stock, pre-printed, and custom tags and labels, as well as bar code technology products.
Brought to you by
The MJSA Mentor & Apprenticeship Program: Attracting & Training the Next Generation of Bench JewelersLaunched in 2023, the program will help the passing of knowledge between generations and alleviate the shortage of bench jewelers.
CollectionsJan 29, 2026
Ghirardelli’s ‘Chocolocket’ Returns for Valentine’s DayThe chocolatier is bringing back its chocolate-inspired locket, offering sets of two to celebrate “perfect pairs.”
Weekly QuizJan 29, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
AuctionsJan 29, 2026
These Were Bonhams’ Top 10 Jewelry Lots in 2025The top lot of the year was a 1930s Cartier tiara owned by Nancy, Viscountess Astor, which sold for $1.2 million in London last summer.
SourcingJan 29, 2026
Stuller Website to Mark AGTA-Sourced GemstonesAny gemstones on Stuller.com that were sourced by an AGTA vendor member will now bear the association’s logo.
Brought to you by
How Jewelers Can Fight Back Against Cell JammersCriminals are using cell jammers to disable alarms, but new technology like JamAlert™ can stop them.
WatchesJan 29, 2026
Audemars Piguet Opens AP House in AtlantaThe Swiss watchmaker has brought its latest immersive boutique to Atlanta, a city it described as “an epicenter of music and storytelling.”
SourcingJan 28, 2026
Ethical Gem Fair to Debut Designer Showcase in TucsonThe new addition will feature finished jewelry created using “consciously sourced” gemstones.
ColumnistsJan 28, 2026
Peter Smith: Setting the Next Generation Up for SuccessIn his new column, Smith advises playing to your successor's strengths and resisting the urge to become a backseat driver.
SurveysJan 28, 2026
Consumer Confidence Falls Below Pandemic Lows in JanuaryThe index fell to its lowest level since May 2014 amid concerns about the present and the future.
IndependentsJan 28, 2026
Foundrae Heads to Aspen for Latest Store OpeningThe new store in Aspen, Colorado, takes inspiration from a stately library for its intimate yet elevated interior design.
CollectionsJan 27, 2026
De Beers London, GemFair Debut New Collection Highlighting Artisanal DiamondsThe collection marks the first time GemFair’s artisanal diamonds will be brought directly to consumers.
SourcingJan 27, 2026
GemGuide Launches Pricing for Montana SapphiresThe initial charts are for blue, teal, and green material, each grouped into three charts categorized as good, fine, and extra fine.
TechnologyJan 27, 2026
Clientbook Launches Appointment Booking ToolThe new tool can assign the appropriate associate based on the client or appointment type and automate personalized text message follow-ups.
SourcingJan 26, 2026
Tucson Preview 2026: Earthy Tones and Innovative Shapes Buyers are expected to gravitate toward gemstones that have a little something special, just like last year.
SourcingJan 26, 2026
Angolan Diamond Cos. Join NDC as Rio Tinto, Murowa Exit Endiama and Sodiam will contribute money to the marketing of natural diamonds as new members of the Natural Diamond Council.
MajorsJan 26, 2026
Francesca’s To Close All StoresThe retailer operates more than 450 boutiques across 45 states, according to its website.
MajorsJan 26, 2026
BIJC Names 5 New Board MembersThe new members’ skills span communications, business development, advocacy, and industry leadership.
CollectionsJan 26, 2026
Tiffany & Co. Celebrates 189 Years of Love StoriesThe jeweler’s 2026 Valentine’s Day campaign, “Celebrating Love Stories Since 1837,” includes a short firm starring actress Adria Arjona.
GradingJan 26, 2026
DCA Updates Colored Gemstone CourseThe new features include interactive flashcards and scenario-based roleplay with AI tools.
MajorsJan 23, 2026
Watches of Switzerland Acquires 4-Store Jewelry Chain in TexasFamily-owned jewelry and watch retailer Deutsch & Deutsch has stores in El Paso, Laredo, McAllen, and Victoria.
WatchesJan 23, 2026
Damiani Group to Acquire Baume & MercierThe Italian luxury company purchased the nearly 200-year-old Swiss watch brand from Richemont.
TrendsJan 23, 2026
Martin Katz’s Earrings Call to Mind Wintry Weather Micro-set with hundreds of diamonds, these snowflake earrings recreate “winter’s most elegant silhouette,” and are our Piece of the Week.
MajorsJan 23, 2026
Rembrandt Charms Names New Director of Creative, Brand StrategyElla Blum was appointed to the newly created role.
Supplier BulletinJan 22, 2026
The Rise of Centralized Sourcing in the Colored Gemstone MarketSponsored by RapNet
