Luxury conglomerates reported steady jewellery sales amid continued macroeconomic and geopolitical uncertainties, demonstrating the enduring allure of upmarket goods. 

Kering, which owns Boucheron, Pomellato and Qeelin, said jewellery sales in the first half of 2025 “remained solid," with the brands performing steadily in major markets.

“Boucheron continued its development in the US, Pomellato unveiled a high jewellery collection in collaboration with Gucci that attracted significant attention and Qeelin’s sales saw substantial growth,” Kering said, highlighting the jewellery group's sustained resilience.

Overall first-half revenues, however, were down 16 per cent to EUR6.7 billion (around US$7.74 billion).

Over at LVMH Moët Hennessy Louis Vuitton SE, jewellery sales were down 1 per cent in the first half of 2025 although business was generally stable, the group said. A 13 per cent decline in profit from recurring operations, meanwhile, was attributed to ongoing investments in store renovations, marketing and product development. LVMH owns Tiffany & Co, Bulgari and Chaumet. 

According to the group, Tiffany & Co expanded its iconic lines and rolled out its new store concept inspired by The Landmark in New York while Bulgari organised immersive art exhibitions in Shanghai and Seoul. The new Polychroma high jewellery collection was also unveiled during the quarter. For its part, Chaumet further developed its Bee de Chaumet jewellery line.

Group revenues fell 4 per cent to EUR39.81 billion (approximately US$46.04 billion) in the first six months of the fiscal year.