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Sales in its jewelry division, which includes Cartier and Van Cleef & Arpels, climbed 8 percent.
Like-for-like sales were down across its top seven markets, including a 9 percent dip in the United States.
Boucheron was a standout in the jewelry segment, while Ulysse Nardin bolstered the watch category.
The luxury conglomerate reported $1.24 billion in revenue for the category, a 5 percent organic increase year-over-year.
The retailer’s same-store sales in North America dipped 1 percent as foot traffic continued to decline, but it beat analysts’ expectations and saw its stock rise.
The company pointed to the impact of tariffs, watch market challenges and “the increasingly volatile global environment.”
Worldwide sales dipped 3 percent with unrest in Hong Kong weighing on the jeweler’s performance.
Pandora and Alrosa see sales slump, we roundup the happenings for Jewelry Night Out, and more.
National Jeweler

Fine Jewelry Industry News

Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.