French conglomerate Kering reported solid growth in the third quarter of the year, citing “outstanding performances” by all luxury houses, including its jewellery business.

Group revenue was up 12.2 per cent to €4.19 billion (around US$4.88 billion) from the same period last year and 10 per cent from Q3 2019. 

Jewellery houses performed exceptionally, according to Kering. Boucheron’s new collections were “very well received,” resulting in robust growth, particularly in China and South Korea while Pomellato’s sales were steady. Qeelin achieved “particularly impressive growth” while watchmaking brands also recovered substantially.

“On the back of an excellent first half, Kering achieved a very solid third quarter at group level, up double digits over 2019,” said François-Henri Pinault, chairman and CEO of Kering. “In a constantly evolving luxury market, we are strengthening the positioning and distribution of all our brands, providing them with the resources they need to be ever closer to their customers.”

Strong results were mainly driven by momentum in North America while business in Western Europe and Japan continued to improve amid the absence of tourists.

“In Asia-Pacific, after solid growth in the first half of the year, sales rose relative to both 2020 and 2019, but were held back by rising Covid-19 case numbers during the summer,” the group said.

Online sales meanwhile soared in Q3, up 24.3 per cent from 2020 and 147.9 per cent from 2019.