At this year’s Geneva Watch Days, Swiss watch executives struck an optimistic tone despite mounting pressure from the 39% tariff imposed by the US on Swiss-made goods in July. For the moment, strong export flows ahead of the tariff deadline have cushioned the industry, but concerns remain over what happens once American stockpiles begin to […]

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Richemont posted a resilient performance for the first quarter ending 30 June 2025, with group-wide sales up 3% year-on-year to €5.4 billion. Leading this growth were its Jewellery Maisons — Cartier, Van Cleef & Arpels, Buccellati, and Vhernier — which delivered a 7% increase in revenue, totaling €3.9 billion. This marks the third straight quarter […]

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Richemont, the Swiss luxury giant, celebrated a strong close to the year with a 14% surge in jewelry sales across its flagship maisons, including Cartier, Van Cleef & Arpels, Vhernier, and Buccellati. The group credited the festive season and the enduring appeal of its iconic designs for the robust performance, which contributed to its highest-ever […]

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Richemont, the Swiss luxury goods giant, reported resilient sales for the Q1 that ended 30th June. However, the overall growth was modest due to challenging comparisons from the prior year and a slowdown in Asia Pacific. The bright spot was the performance of the company’s jewellery maisons, which include Cartier, Van Cleef & Arpels, and […]

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Richemont saw jewelry sales rise by 11 per cent in the last three months of 2022, despite a Covid-related slump in China. Buccellati, Cartier and Van Cleef & Arpels drove much of the increase, the company said in an update. Jewelry was its best performing sector. Total revenue across all jewelry brands for the quarter […]

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As we wave one year goodbye and jump straight into another, Professional Jeweller reflects on the trends and stories of 2019 that are likely to shape the next 12 months… Purchasing of jewellery and watches has gone up According to award-winning market researcher provider, Mintel, two thirds of people have bought jewellery or watches for […]

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Compagnie Financière Richemont SA (Richemont) announcing its Unaudited Consolidated Results for the six months ended September 30, 2019, which corresponds to the first half of the Company’s Financial Year 2020 (H1 FY 2020), said that revenues for the period had risen by 9% at actual exchange rates and by 5% at constant exchange rates to […]

The post Richemont Revenues Increase By 9%, Profit Stable for H1 FY 2020 Amidst “Heightened Global Uncertainty” appeared first on The Jewelry Magazine.

Richemont has acquired 100% of Buccellati Holding Italia S.p.A., the owner of renowned Italian jewellery house, Buccellati. The acquisition happened in a private transaction with Gangtai Group Corporation Limited, a privately held conglomerate, which captures the growth in the consumer, culture, finance, and health industries. Richemont chairman, Johann Rupert, shares: “Distinguished by strong heritage, craftsmanship […]

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Jewellery sales took a hit from ongoing political upheavals in Hong Kong, coupled with uncertainties arising from the US-China trade row. Chow Tai Fook Jewellery Group Ltd said Hong Kong and Macau, which were affected by a tough base of comparison and “cautious consumer sentiment,” registered an 11 percent drop in same-store sales for the […]

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Richemont chairman Johann Rupert has described 2018 as a year of transition and consolidation as the group’s audited accounts for the year ending March 31, 2019, were published. Completing the acquisition of Yoox Net-A-Porter (YNAP) and pre-owned luxury watch specialist Watchfinder boosted sales, which rose by 27% to €14 billion (£12bn). Stripping out the turnover […]

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