Boucheron, Pomellato and Qeelin recorded third-quarter growth amid a general slowdown in luxury sales, according to French conglomerate Kering.

Revenue from the group’s Other Houses, which include the three jewellery brands, reached EUR805 million (around US$852.68 million) in Q3, down 19 per cent. Kering, however, cited “good momentum” in the high-end jewellery sector.

“Boucheron’s positive performance reflects the success of its High Jewelry and Jewelry collections. Pomellato achieved solid growth in its stores, while Qeelin showed excellent momentum,” it continued. 

Group revenues were down 13 per cent to EUR4.5 billion (about US$4.76 billion). Kering also owns luxury brands Gucci, Yves Saint Laurent and Bottega Veneta – all three brands reported double-digit declines in Q3 revenues.

François-Henri Pinault, chairman and CEO, attributed the company's lacklustre revenue performance to challenging macroeconomic conditions and softening demand across the luxury industry. The Q3 results also reflected the impact of ongoing branding and distribution changes, said Pinault. Kering's recent acquisition of high-end perfume label Creed is seen to propel its aspirations in the luxury fragrance category, he added.