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‘Quatre Classique’ ring with diamonds in 18-karat yellow, white and pink gold by Boucheron
French conglomerate Kering said its luxury jewellery business performed exceptionally in the first quarter of 2022, thanks to steady demand and a more favourable market sentiment.
According to the group, all houses posted double-digit revenue increases during the quarter in review. “Other Houses,” where jewellery and watches belong, grew 35.5 per cent to €973.4 million (around US$1.03 billion) in Q1 2022 compared to year-ago figures.
Kering’s jewellery arm, which includes Boucheron, Pomellato and Qeelin, posted “outstanding performances on iconic lines and well-received novelties.”
The group, which also owns luxury brands Gucci, Yves Saint Laurent and Bottega Veneta, recorded overall revenues of €4.96 billion...
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