Kering Strengthens Its Position in Luxury Jewelry with the Creation of a Dedicated Division
Kering has announced the launch of Kering Jewelry, a new division designed to elevate its presence in the global luxury jewelry market. This strategic move reflects the growing importance of high jewelry within the broader luxury ecosystem and reinforces the group’s commitment to craftsmanship, creativity, and long-term value creation for the 1%.
Under the leadership of Jean Marc Duplaix, newly appointed Chief Executive Officer of Kering Jewelry, the division will unite the group’s renowned maisons including Boucheron, Pomellato, Dodo, and Qeelin. Each house carries a distinct identity rooted in heritage and artistic excellence, forming a powerful collective within the expanding universe of luxury jewelry.
A Strategic Vision for the Future of Luxury Jewelry
The creation of Kering Jewelry introduces an integrated platform designed to support the development of iconic collections and to strengthen operational alignment across the maisons. Jean Marc Duplaix will guide this vision while continuing his role as Chief Operating Officer of Kering, bringing deep expertise across finance, digital transformation, and global strategy.
The recent acquisition of the Raselli Franco Group in Italy, valued at 115 million euros, plays a central role in this new structure. Known for its exceptional savoir faire and advanced manufacturing capabilities, the Valenza based atelier will contribute to the creation of high jewelry pieces that embody precision, innovation, and artistic excellence. This integration enhances the group’s ability to control every stage of production, from sourcing to final creation, ensuring a consistent level of quality expected within luxury jewelry.
The Rise of the 1% and the Expansion of Luxury Jewelry
The timing of this announcement aligns with strong global growth in the luxury jewelry sector. According to the Global Jewellery Market Overview 2024 to 2028, the industry is projected to exceed 250 billion dollars in value, supported by sustained demand from affluent consumers and increasing appreciation for branded fine jewelry across major regions.
At the center of this expansion is the global community of Ultra High Net Worth Individuals, known as the 1%. Today more than 392,000 UHNWIs worldwide hold over 42 trillion dollars in wealth, shaping consumption patterns across high jewelry, art, and collectible assets. For this audience, luxury jewelry represents a fusion of craftsmanship, identity, and generational value.
Regional insights highlight this momentum. The United States continues to lead in high-value jewelry consumption, supported by strong wealth creation and discretionary spending. The Middle East, including markets such as the United Arab Emirates and Saudi Arabia, demonstrates sustained demand for diamond and gemstone jewelry, driven by cultural appreciation and rising purchasing power. Europe remains a cornerstone of heritage and innovation, with Paris and Milan serving as global capitals of luxury jewelry design.
An Integrated Platform for Creativity and Excellence
Kering Jewelry is designed to foster collaboration across its maisons while preserving their individual creative languages. This structure enables the development of high jewelry collections that reflect both heritage and innovation, meeting the expectations of the 1% who seek exceptional pieces that carry meaning and artistry.
Luca de Meo, CEO of Kering, emphasized the importance of this evolution, highlighting the role of creativity and excellence as central pillars of the division. The appointment of Jean Marc Duplaix reinforces a unified vision that connects craftsmanship with strategic growth.
A New Chapter in Global Luxury Jewelry
Kering’s decision to establish a dedicated jewelry division signals a clear recognition of the sector’s long-term significance. As wealth continues to expand globally and the 1% seek refined expressions of identity and legacy, luxury jewelry stands as one of the most enduring categories within the luxury market.
Through Kering Jewelry, the group brings together heritage maisons, advanced manufacturing expertise, and a global strategic vision. This initiative positions Kering at the forefront of luxury jewelry, offering creations that resonate with collectors and connoisseurs who value artistry, heritage, and timeless elegance.
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