Richemont’s jewellery business has delivered twice the sales growth expected for seven straight quarters, a feat rarely seen in the luxury sector, according to a report by Inside Retail Asia.
The company’s jewellery brands, including Cartier and Van Cleef & Arpels, have powered growth despite a broader slowdown in luxury spending. Analysts noted that consistent outperformance of this duration is unprecedented in the industry, underscoring the resilience of high-end jewellery as a category.
The results highlight how Richemont’s focus on craftsmanship and scarcity continues to drive demand among wealthy consumers, even as other luxury segments face headwinds. The group’s jewellery division now accounts for the majority of its operating profit.