Luxury group Richemont recorded a 20% surge in group sales to €6.3 billion for the first quarter ended June 30, according to a report by Inside Retail Asia.
The double-digit growth was powered by the company’s jewellery maisons, which include Cartier, Van Cleef & Arpels, and Buccellati, as demand for high-end timepieces and accessories remained strong.
The results underscore the resilience of luxury spending despite global economic uncertainties, with Richemont’s jewellery segment continuing to outperform other divisions.