Luxury jewellers owned by French conglomerate Kering maintained a strong growth trajectory in the first half of 2023, supported by robust business in key markets, led by Asia Pacific. 

The group’s high-end jewellery portfolio, which includes Boucheron, Pomellato and Qeelin, showed “excellent momentum,” each recording double-digit growth during the period. Kering’s Other Houses, however, which include jewellery and watches, saw a 5 per cent drop in revenues to EUR1.9 billion (around US$2.09 billion). 

Group revenue grew 2 per cent to EUR1.01 billion (around US$1.11 billion), driven by solid sales across Asia Pacific, Japan and Western Europe.

“In the first half, we pursued our investments in our houses’ desirability and exclusivity. While engaging in critical forward-looking initiatives, we maintained a high level of profitability,” said François-Henri Pinault, chairman and CEO of the group.