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Richemont Q1 sales rise strongly but divisional performance is mixed
Richemont Q1 sales rise strongly but divisional performance is mixed

Fashion Network

time16-07-2025

  • Business
  • Fashion Network

Richemont Q1 sales rise strongly but divisional performance is mixed

Luxury reporting season is under way and it was Swiss giant Richemont 's turn on Wednesday, the luxury powerhouse reporting a healthy quarterly sales rise in line with analysts' expectations. See catwalk Q1 sales in the three months to the end of June rose 6% at constant currency (CCY) to reach €5.4 billion. But it wasn't all good news — while jewellery sales were up a powerful 11%, the specialist watches division continued to struggle with a 7% sales fall and its 'Other' division that includes its fashion brands dipped 1%. So let's look at the details. Currency exchange had a negative impact overall so the 6% CCY rise was only 3% at actual exchange rates. But after the luxury slump last year, that was still encouraging in what it admitted remains a 'volatile macroeconomic and geopolitical context'. Its four Jewellery Maisons — Buccellati, Cartier, Van Cleef & Arpels and Vhernier –- were the stars and saw a third consecutive quarter of double-digit growth with sales of €3.914 billion, supported by both jewellery and watch product lines. All regions posted growth, except Japan that faced a very high comparative. Specialist Watchmakers' sales fell to €824 million, largely reflecting declines in China, Hong Kong and Macau combined, as well as in Japan, partly offset by double-digit growth in the Americas. The 'Other' business area's sales may have only dropped 1% CCY but they were down 4% on a reported basis at €674 million. This unit did see 'solid momentum at Peter Millar and Alaïa, an encouraging performance at Chloé and robust growth at Watchfinder & Co'. But it didn't mention Dunhill, Delvaux, Montblanc or its remaining 'Other' labels. See catwalk Meanwhile it saw double-digit growth in Europe (+11%) with sales of €1.295 billion. The pictures was also strong in the Americas (+10% reported and +17% CCY) with sales of €1.335 billion. The Middle East & Africa boomed too (+11% reported and +17% CCY) at €524 million. But Asia Pacific was only 'stable' — that is, flat on a CCY basis but actually down 4% reported at €1.731 billion. And Japan was down on both measures (-15% CCY and -13% reported) at €527 million. As mentioned, it struggled to match high comparatives in the prior-year period. And by distribution channel, its own Retail ops were up 6% CCY and 3% reported at €3.734 billion, while Online Retail rose by the same percentages to €323 million. And wholesale and royalty income was up 6% CCY and 2% reported at €1.355 billion.

Richemont Q1 sales rise strongly but divisional performance is mixed
Richemont Q1 sales rise strongly but divisional performance is mixed

Fashion Network

time16-07-2025

  • Business
  • Fashion Network

Richemont Q1 sales rise strongly but divisional performance is mixed

Luxury reporting season is under way and it was Swiss giant Richemont 's turn on Wednesday, the luxury powerhouse reporting a healthy quarterly sales rise in line with analysts' expectations. See catwalk Q1 sales in the three months to the end of June rose 6% at constant currency (CCY) to reach €5.4 billion. But it wasn't all good news — while jewellery sales were up a powerful 11%, the specialist watches division continued to struggle with a 7% sales fall and its 'Other' division that includes its fashion brands dipped 1%. So let's look at the details. Currency exchange had a negative impact overall so the 6% CCY rise was only 3% at actual exchange rates. But after the luxury slump last year, that was still encouraging in what it admitted remains a 'volatile macroeconomic and geopolitical context'. Its four Jewellery Maisons — Buccellati, Cartier, Van Cleef & Arpels and Vhernier –- were the stars and saw a third consecutive quarter of double-digit growth with sales of €3.914 billion, supported by both jewellery and watch product lines. All regions posted growth, except Japan that faced a very high comparative. Specialist Watchmakers' sales fell to €824 million, largely reflecting declines in China, Hong Kong and Macau combined, as well as in Japan, partly offset by double-digit growth in the Americas. The 'Other' business area's sales may have only dropped 1% CCY but they were down 4% on a reported basis at €674 million. This unit did see 'solid momentum at Peter Millar and Alaïa, an encouraging performance at Chloé and robust growth at Watchfinder & Co'. But it didn't mention Dunhill, Delvaux, Montblanc or its remaining 'Other' labels. See catwalk Meanwhile it saw double-digit growth in Europe (+11%) with sales of €1.295 billion. The pictures was also strong in the Americas (+10% reported and +17% CCY) with sales of €1.335 billion. The Middle East & Africa boomed too (+11% reported and +17% CCY) at €524 million. But Asia Pacific was only 'stable' — that is, flat on a CCY basis but actually down 4% reported at €1.731 billion. And Japan was down on both measures (-15% CCY and -13% reported) at €527 million. As mentioned, it struggled to match high comparatives in the prior-year period. And by distribution channel, its own Retail ops were up 6% CCY and 3% reported at €3.734 billion, while Online Retail rose by the same percentages to €323 million. And wholesale and royalty income was up 6% CCY and 2% reported at €1.355 billion.

Richemont Q1 sales rise strongly but divisional performance is mixed
Richemont Q1 sales rise strongly but divisional performance is mixed

Fashion Network

time16-07-2025

  • Business
  • Fashion Network

Richemont Q1 sales rise strongly but divisional performance is mixed

Luxury reporting season is under way and it was Swiss giant Richemont 's turn on Wednesday, the luxury powerhouse reporting a healthy quarterly sales rise in line with analysts' expectations. See catwalk Q1 sales in the three months to the end of June rose 6% at constant currency (CCY) to reach €5.4 billion. But it wasn't all good news — while jewellery sales were up a powerful 11%, the specialist watches division continued to struggle with a 7% sales fall and its 'Other' division that includes its fashion brands dipped 1%. So let's look at the details. Currency exchange had a negative impact overall so the 6% CCY rise was only 3% at actual exchange rates. But after the luxury slump last year, that was still encouraging in what it admitted remains a 'volatile macroeconomic and geopolitical context'. Its four Jewellery Maisons — Buccellati, Cartier, Van Cleef & Arpels and Vhernier –- were the stars and saw a third consecutive quarter of double-digit growth with sales of €3.914 billion, supported by both jewellery and watch product lines. All regions posted growth, except Japan that faced a very high comparative. Specialist Watchmakers' sales fell to €824 million, largely reflecting declines in China, Hong Kong and Macau combined, as well as in Japan, partly offset by double-digit growth in the Americas. The 'Other' business area's sales may have only dropped 1% CCY but they were down 4% on a reported basis at €674 million. This unit did see 'solid momentum at Peter Millar and Alaïa, an encouraging performance at Chloé and robust growth at Watchfinder & Co'. But it didn't mention Dunhill, Delvaux, Montblanc or its remaining 'Other' labels. See catwalk Meanwhile it saw double-digit growth in Europe (+11%) with sales of €1.295 billion. The pictures was also strong in the Americas (+10% reported and +17% CCY) with sales of €1.335 billion. The Middle East & Africa boomed too (+11% reported and +17% CCY) at €524 million. But Asia Pacific was only 'stable' — that is, flat on a CCY basis but actually down 4% reported at €1.731 billion. And Japan was down on both measures (-15% CCY and -13% reported) at €527 million. As mentioned, it struggled to match high comparatives in the prior-year period. And by distribution channel, its own Retail ops were up 6% CCY and 3% reported at €3.734 billion, while Online Retail rose by the same percentages to €323 million. And wholesale and royalty income was up 6% CCY and 2% reported at €1.355 billion.

Buccellati Unveils New Jewelry-Inspired Handbags at Paris Haute Couture Week
Buccellati Unveils New Jewelry-Inspired Handbags at Paris Haute Couture Week

Elle

time08-07-2025

  • Entertainment
  • Elle

Buccellati Unveils New Jewelry-Inspired Handbags at Paris Haute Couture Week

Safe Word is a series highlighting the latest trends in the jewelry market, keeping you up-to-date on all things that sparkle and shine.A new month brings fresh jewelry news. As the season continues to heat up this July, jewelry continues to be even more dazzling than the summer sun. First up, Buccellati released a three-piece capsule collection of standout bejeweled bags at Paris haute couture week. For the rest of the month, we've got you covered with all the jewelry-related happenings worth knowing about. Just in time for couture week in Paris, Buccellati has released a collection of new bejeweled bags. The three one-of-a-kind pieces are an homage to the house's archival fabric clutches, inspired by a restoration of the vintage styles featured at a 2024 exhibition in Venice. Each bag is intricately made with materials such as green velvet, cabochon rubellite tourmalines, diamonds, and yellow gold.

The prosperity story behind iconic jewellery
The prosperity story behind iconic jewellery

Tatler Asia

time18-06-2025

  • Entertainment
  • Tatler Asia

The prosperity story behind iconic jewellery

Unlimited Above De Beers Forces of Nature Brooch In his typically irreverent style, Jeff Goldblum once again proved that flair transcends convention. On the lapel of his sequinned jacket, four jewellery brooches from De Beers' Forces of Nature collection glimmered: Magnetism—a constellation of 15.40 carats of white diamonds; Spirituality—resplendent with 20.94 carats; a delicate Butterfly; and the ethereal Enchanted Lotus. Together, they formed a constellation of creativity. Lucky shine Above The Lu Droplet Stiletto earrings by Hearts on Fire dazzle with 22 brilliant-cut diamonds, capturing the essence of morning dew The Lu Droplet Stiletto earrings by Hearts on Fire dazzle with 22 brilliant-cut diamonds, capturing the essence of morning dew. As jewellery crafted in 18 karat white, yellow or rose gold, their refined silhouette makes a poised yet powerful statement, lending polish to any ensemble. Renaissance Heritage Above Buccellati Idyllium Floralis Bracelets and Rings Buccellati continues to honour age-old goldsmithing with time-honoured methods like hand engraving, each design a subtle nod to the Renaissance. The Idyllium Floralis Eternelle ring exemplifies this devotion with white and yellow gold entwined with lilac enamel bands, adorned with miniature floral garlands. A total of 158 brilliant-cut diamonds catch the light, with a matching bracelet completing the set. Read more: Chaumet and the love story of Napoleon and Josephine: When love inspires the legacy of haute joaillerie Flow of prosperity Above Chow Tai Fook fish pendant, from the Hua Collection Ride the current of abundance with Chow Tai Fook's symbolic fish pendant, a tribute to heritage goldsmithing with details shaped by filigree, casting, and pavé. The pendant's flexible tail lends movement to the piece, evoking the fish's determined ascent upstream. It is more than jewellery—it's a talisman, crafted to accompany one through life's highs and hurdles with grace. Three-tone gold Above A sophisticated combination of white, rose and yellow gold, the Cartier Trinity necklace strikes a balance between power and poise A sophisticated combination of white, rose and yellow gold, the Cartier Trinity necklace strikes a balance between power and poise. The 43cm chain reimagines Louis Cartier's original 1924 creation, its interlocking circles a timeless emblem of unity and individuality. Eternal Moment Above Harry Winston Ruby Ring—no ordinary jewel When Tatler encountered this rare creation from the Harry Winston archives—an oval ruby ring—it was clear this was no ordinary jewel. Set in platinum and flanked by two luminous white diamonds, the ruby's allure lies in its rarity. With stones over three carats becoming ever scarcer, this piece feels destined to become iconic. Back to the starting point Above Dickson Yewn Floral Lattice Gecko and Lily Pad Square ring Dickson Yewn is renowned for designs that transcend convention, and this intricate ring, part of his Floral Lattice collection, is no exception. Inspired by scenes from an ancient Chinese courtyard once beloved by royal literati, the piece is rendered in 18k yellow gold and finished with brilliant-cut diamonds. A quiet homage to history, viewed through a modern lens. Rich mandarin ducks Above Swarovski Swan pendant features iconic motif of two swans To mark its 130th anniversary, Swarovski reimagines its iconic motif of two swans nestled in a heart-shaped embrace. Among the variations, one stands out: a duet of gold-tone and rhodium-plated swans, glittering with pavé Swarovski Zirconia. Suspended from a graceful chain, the design underscores the brand's enduring expertise in crystal artistry. Open the sparkling way Above John Hardy JH Essential Pavé Necklace Though delicate in form, a necklace can make the most memorable impression. Take this pavé number from John Hardy's JH Essential collection. Its 14-karat gold design is adjustable, with a diamond-set chain that adds texture and depth. Elegant yet adaptable, it lends itself to both daywear and occasion dressing. Lucky yellow snake Above The Mikimoto Snake Brooch is enjoying a renaissance The brooch is enjoying a renaissance—and Mikimoto's Year of the Snake design captures its charm in full. Available in 18k yellow gold or sterling silver, each version is distinct. The gold piece features a playful snake coiled around a platinum branch, accented with garnets. The silver counterpart, meanwhile, is paired with a deep spinel. Both designs are crowned with Akoya cultured pearls—long associated with luck and prosperity. Personal mark Above Hermès Clou de Forge earrings in rose gold and diamonds From the Clou de Forge collection by Hermès, these earrings fuse sculptural elegance with a sense of mischief. Crafted in 18-karat rose gold and set with radiant diamonds, the earcuff silhouette makes its debut in the Objects Spring–Summer 2025 collection, bringing a subtle yet striking flourish to the modern wardrobe. NOW READ Tiffany & Co. and a dive into the heart of the ocean in 'Sea of Wonder' What makes ceramics so attractive in the world of jewellery? Cartier tells stories through culture and craft in Singapore's historic spaces

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