Kering’s jewellery division emerged as the standout performer in Q1 2026, delivering record revenue of €269 million, up 14% as reported and 22% on a comparable basis, even as overall group sales remained flat year-on-year.
Growth was led by strong retail momentum, with directly operated store sales rising 28%, alongside a 14% increase in wholesale revenue.
Performance was broad-based, with Japan and Asia-Pacific driving demand. Boucheron recorded the strongest growth within the group, while Pomellato gained traction on the back of key collections. DoDo sustained its growth streak, and Qeelin benefited from continued strength in Asia.
On 16 March 2026, Kering established Kering Jewelry as a dedicated entity to streamline and accelerate growth in its jewellery business. The division brings together Boucheron, Pomellato, DoDo and Qeelin, along with the Group’s industrial capabilities, including the ongoing integration of the Raselli Franco Group.
Jean-Marc Duplaix has been appointed CEO of Kering Jewelry, while continuing as Group COO, with the maisons’ CEOs reporting to him. The platform is structured to drive coordinated growth and open up category opportunities across both jewellery and fashion businesses.