Richemont reported a solid performance in the first quarter ended 30 June 2025, with Group sales rising 3% to €5.4 billion. The highlight of the quarter was the strong showing by the Group’s Jewellery Maisons — Cartier, Van Cleef & Arpels, Buccellati and Vhernier — which saw a 7% Q1 sales growth to €3.9 billion, marking the third consecutive quarter of double-digit expansion.
The Jewellery division’s momentum was broad-based, with both jewellery and watch collections contributing to growth across most regions. Sales were particularly robust in Europe, the Americas, and the Middle East & Africa, though Japan recorded a decline due to a high comparative base and a stronger yen impacting tourist spend.
Retail remained the dominant channel, contributing 69% to group sales, followed by wholesale and online retail. Jewellery Maisons led performance across all three channels.