Italian jewellery group Damiani has exceeded its revenue forecasts, and is set to close the fiscal year ending on March 31 with consolidated revenue of over €380 million, up more than 10% on the previous year. A result that is all the more positive given the tough backdrop the luxury sector is experiencing.
Items from the Mimosa jewellery collection – damiani.com
“Despite a complex general situation, still characterised by great volatility, we are looking to the future with optimism. The results achieved in this fiscal year, for which we thank all our valued collaborators for their great commitment, and our esteemed customers and all stakeholders for their trust, have demonstrated the effectiveness of our strategies,” said group President Guido Grassi Damiani. “We will therefore continue with our investment plan by thinking not only about the next quarter, but above all about the next generations,” he added.
In fiscal 2024-25, the group invested significantly in the retail channel, opening a number of stores all over the world, especially in the Middle East, where it recently inaugurated its first boutique in Riyadh, Damiani’s debut in a market with such high potential as Saudi Arabia.
The group’s Damiani division will soon unveil a new store concept, designed as a tribute to the jewellery brand’s Italian spirit and characterised by carefully planned interiors and the use of materials strictly made in Italy.
It has also set up two joint-venture companies to open new Rocca jewellery stores with local partners in Italy: One in Calabria, with leading retailer Scintille, and one in central Italy, with long-standing jeweller Damiani Parati.
