Luxury group Richemont’s sales boosted by its jewellery business

Published on July 15, 2026

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The jewellery and watch group posted a strong rise in turnover in the first quarter of the 2026/27 financial year, exceeding analysts’ expectations. Products from the jewellery houses Cartier and Van Cleef & Arpels continue to enjoy great popularity. Group turnover rose by 17% to €6.33 billion in the months from April to June compared with the same period last year, according to a statement issued on Wednesday. Adjusted for currency effects, Richemont would have seen growth of as much as 20%. Richemont has thus further accelerated its already high rate of growth. In the final quarter of the previous year, sales had grown by 16% on a currency-adjusted basis. This positive performance continues to be driven by the jewellery business. In the quarter under review, turnover in this segment rose by 21% to €4.37 billion. Sales by watch manufacturers, including brands such as IWC and Piaget, continued to lag behind, with revenue up 6% to €873 million euros. Expectations exceeded With these ... Full story here Are you the author?

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