In its recent quarterly update, Kering reported a 10-percent drop in overall group revenue for Q3 2025, totalling 3.4 billion euros. However, amidst this decline, the luxury conglomerate's jewellery houses, which include Boucheron, Pomellato, Qeelin, and DoDo, exhibited remarkable resilience with a double-digit revenue increase.
While revenue from Kering's "other houses" segment fell 5 percent to 652 million euros, the performance of its jewellery brands stood out as a key growth driver. Boucheron showed strong sales growth in the United States and Asia-Pacific, and Pomellato's high jewellery line received enthusiastic reception from customers. Qeelin also maintained its positive trajectory in the Asia-Pacific region, indicating a growing demand for luxury jewellery.
Luca de Meo, Kering's CEO, acknowledged the challenges faced by the group but expressed determination to enhance the brand's prominence. Despite the struggles of its fashion labels, with Gucci facing an 18-percent revenue drop, the jewellery segment's success highlights potential for recovery and growth within Kering’s portfolio.
The overall decline reflects broader market trends, but the jewellery sector's performance offers a silver lining for the luxury retailer as it continues its strategic turnaround. (Photo courtesy: Kering and Qeelin)
10-11-2025
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