Kering reported Q1 2026 revenue of €3.57 billion, with jewelry standing out as one of its fastest-growing segments.
Sales at Kering Jewelry reached €269 million, up 14% year-over-year (22% on a comparable basis). Growth was led by the group’s own retail stores, where sales rose 28%, while wholesale increased 14%.
Demand was strongest in Japan and across Asia-Pacific. Boucheron delivered the best performance in the group this quarter. Pomellato also grew, supported by its core collections and strong sales in Japan. DoDo continued its steady growth, and Qeelin performed well in Asia.
Kering launches Kering Jewelry
At the same time, Kering is putting more structure around the business. In March, it created Kering Jewelry as a standalone division, bringing its four jewelry brands under one roof along with its manufacturing operations.
Jean-Marc Duplaix was named CEO of the new division while keeping his role as Group COO. The goal is to better coordinate growth and create new opportunities across the group, the company said in a statement.
Kering is also investing in production. At the end of March, it acquired a 20% stake in Raselli Franco Group for €115 million, strengthening its manufacturing capabilities.
Our market analysis: Kering is treating jewelry as a core business, backed by both brand growth and increased control over production.
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Image courtesy Kering
