{"id":15445,"date":"2022-05-23T14:55:41","date_gmt":"2022-05-23T09:25:41","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=15445"},"modified":"2022-05-23T14:55:47","modified_gmt":"2022-05-23T09:25:47","slug":"richemonts-jewellery-sales-cross-e11-billion","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/richemonts-jewellery-sales-cross-e11-billion\/","title":{"rendered":"Richemont\u2019s Jewellery Sales Cross \u20ac11 Billion"},"content":{"rendered":"\n<p>Swiss luxury group Richemont\u2019s jewellery brands Buccellati, Cartier and Van Cleef &amp; Arpels, \u201cdelivered a step-change in performance\u201d with combined sales of \u20ac11.083 billion for the year that ended 31<sup>st<\/sup> March 2022, an outstanding 49% sales growth over the prior year and a 54% increase over the two-year period. The jewellery maisons benefitted by the return to in-person high-jewellery events.<\/p>\n\n\n\n<p>The jewellery division\u2019s operating margin reached 34.3% versus 31.0% in the prior year. \u201cCartier and Van Cleef &amp; Arpels posted an outstanding performance, increasing their market leadership. Buccellati also developed successfully, further expanding its international footprint with nine new directly operated stores,\u201d Richemont said.<\/p>\n\n\n\n<p>\u201cAll iconic collections outperformed, from Opera Tulle and Macri at Buccellati, Love, Panth\u00e8re, Santos and Ballon Bleu at Cartier to Alhambra and Perl\u00e9e at Van Cleef &amp; Arpels. This outstanding performance across all Maisons, price points, regions and distribution channels resulted in the jewellery maisons crossing the \u20ac11 billion sales threshold for the first time. Growth was the strongest in the jewellery maisons\u2019 directly operated store network which contributed over three quarters of the business area\u2019s sales.<\/p>\n\n\n\n<p>With a 65% increase over the previous year, operating profit rose faster than sales leading to a 330 basis point improvement in operating profit margin to 34.3%, the company said. This excellent performance reflected higher sales, increased utilisation of manufacturing facilities, further manufacturing efficiency gains and ongoing cost discipline, it added.<\/p>\n\n\n\n<p>\u201cTo support future growth for the jewellery maisons, investments accelerated into manufacturing capabilities as well as into significant boutique projects which included major renovations, such as the Milan Montenapoleone and New York Fifth Avenue stores for Cartier, as well store openings including the Buccellati flagship store in Tokyo Ginza and a Van Cleef &amp; Arpels store in Highland Park Village in Dallas,\u201d Richemont stated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Swiss luxury group Richemont\u2019s jewellery brands Buccellati, Cartier and Van Cleef &amp; Arpels, \u201cdelivered a step-change in performance\u201d with combined sales of \u20ac11.083 billion for the year that ended 31st March 2022, an outstanding 49% sales growth over the prior year and a 54% increase over the two-year period. The jewellery maisons benefitted by the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15446,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-15445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Richemont\u2019s Jewellery Sales Cross \u20ac11 Billion - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/richemonts-jewellery-sales-cross-e11-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Richemont\u2019s Jewellery Sales Cross \u20ac11 Billion - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Swiss luxury group Richemont\u2019s jewellery brands Buccellati, Cartier and Van Cleef &amp; Arpels, \u201cdelivered a step-change in performance\u201d with combined sales of \u20ac11.083 billion for the year that ended 31st March 2022, an outstanding 49% sales growth over the prior year and a 54% increase over the two-year period. The jewellery maisons benefitted by the&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/richemonts-jewellery-sales-cross-e11-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-23T09:25:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-23T09:25:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2022\/05\/01banne-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/richemonts-jewellery-sales-cross-e11-billion\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2022\/05\/01banne-1.jpg\",\"width\":1000,\"height\":500},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/richemonts-jewellery-sales-cross-e11-billion\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/richemonts-jewellery-sales-cross-e11-billion\/\",\"name\":\"Richemont\\u2019s Jewellery Sales Cross \\u20ac11 Billion - Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/richemonts-jewellery-sales-cross-e11-billion\/#primaryimage\"},\"datePublished\":\"2022-05-23T09:25:41+00:00\",\"dateModified\":\"2022-05-23T09:25:47+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/richemonts-jewellery-sales-cross-e11-billion\/\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/15445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=15445"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/15445\/revisions"}],"predecessor-version":[{"id":15447,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/15445\/revisions\/15447"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/15446"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=15445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=15445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=15445"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=15445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}