Cartier, Van Cleef & Arpels, and Buccellati put on stellar performances.
Search

One analyst cited rising diamond prices and the sanctions on Alrosa as contributing factors.

The retailer also said demand for Rolex, Patek Philippe, and Audemars Piguet watches continues to exceed its supply.

The company is feeling the impact of the uncertain geopolitical and macroeconomic environment, said CEO Beth Gerstein.

The company said the “affordable” jewelry market in the U.S. is growing slower than the overall market.

CFO Jean-Marc Duplaix said Boucheron, Pomellato, and the other jewelry brands put on an “outstanding performance.”

New addition Tiffany & Co. had an excellent start to the year, the luxury titan said.

Also, the company has donated $100,000 to charities aiding those affected by the war in Ukraine.

The news preceded announcement of the company’s full-year results, which were strong.

The retailer attributed its success to its appeal to younger consumers, expansion in non-bridal jewelry, and growing network of showrooms.

Sales were up 18 percent in its second sales cycle of the year.

Consumer sales of diamond jewelry in the U.S. surpassed sales in 2020 and 2019 in the first half of the year.

The luxury conglomerate posted record overall revenue in 2021.

The mining company said demand for diamond jewelry continues to be strong, but its sales are “capped by current production levels.”

Jewelry sales were strong following its acquisition of Betteridge and the opening of its first Bulgari boutique.

The company’s Gen-Z-focused “Pandora Me” collection put on a particularly strong performance.

Recently acquired Tiffany & Co. put on a "record performance" in its first year with the luxury conglomerate.

Together, rough and polished sales topped $4 billion, fueled by consistent consumer demand for diamond jewelry.

The watch brands will be sold to their management teams.

The jewelry giant’s holiday season revenue was up 30 percent year-over-year.

Cartier, Van Cleef & Arpels and Buccellati were top performers for the luxury conglomerate over the key holiday season.

The diamond giants finished the year with sales totals topping both 2020 and 2019 levels.

It predicts fewer people will shop the final Saturday before Christmas than last year.

With Rolex watches in short supply this year, the company turned to other luxury watch brands to bolster sales.

Sherry Smith shares data on independent jewelers’ sales for the first week of the month.