Swiss luxury group Richemont sees sales rise more than 10% for its jewellery brands Cartier and Van Cleef & Arpels. Wealthy consumers continue to buy high-end products despite geopolitical uncertainty.
Reassuring
Jewellery accounts for more than two-thirds of total revenues for the group, which also owns Montblanc, Delvaux and Chloé, among others. Rising sales offset declines in Richemont’s other divisions in the first quarter of FY2025/26. Excluding currency effects, group sales rose 6% to 5.4 billion euros in the three months to the end of June 2025.
In the Americas, Europe and the Middle East, sales rose between 11% and 17%, but remained flat in the Asia-Pacific region, which is heavily dependent on the Chinese market. Analysts see the results as ‘reassuring’: jewellery brands are showing resilience in a worrisome economic context caused by US President Donald Trump’s erratic trade policies and conflicts in Ukraine and the Middle East.
