Jan 19, 2023

Richemont Q3 Jewellery Sales Grew 11% To €3.72 Billion

Swiss group Richemont said its jewellery maisons’ Q3 (October-December 2022) revenue grew 11% to €3.72 billion, primarily driven by strong jewellery sales across Buccellati, Cartier and Van Cleef & Arpels. All channels and regions posted growth except for Asia Pacific, it noted.

For the fiscal year to date (April-December 2022), Richemont’s jewellery sales jumped 19% to €10.06 billion compared with €8.44 billion in the comparable YTD period.

The company said the strong performance of its jewellery division offset a 3% sales reduction in Q3 watch sales to €952 million.

Photo: Circa Necklace 1970 (green agate, diamonds). Bracelet, 1969 (yellow gold, diamonds). Anneaux de Trévise bracelet, 1975 (yellow gold, diamonds). © Van Cleef & Arpels SA 2021 - Photography by Erik Madigan Heck