Richemont Builds Steam as Jewelry Shines Again

By Joshua Kirby

Cartier-owner Richemont said jewelry sales continued to drive revenue growth at the end of the year, offering fresh good news for a luxury-goods sector hoping to build momentum over the year ahead.

The Swiss group, which alongside star jewelers Cartier and Van Cleef & Arpels houses high-end watchmakers like Vacheron Constantin and fashion brands including Chloe, booked sales growth of 11% at constant exchange rate to 6.4 billion euros ($7.45 billion) in the third quarter of its fiscal year through December. That was a little higher than analysts' expectations of 6.28 billion euros in revenue for the quarter, according to a consensus compiled by FactSet ahead of the release, and marks a moderate pick-up in the pace of growth from its first half.

Jewelry led the charge, booking 14% sales growth adjusted for currency effects over the period compared with 7% in the watchmaking business and 3% in the fashion & accessories division, Richemont said in an update Thursday.

Still, weak trading currencies weighed on the unadjusted results, the company said. Reported revenue growth was just 4% for the period, including a 2% drop in revenue in the key Asia-Pacific region, the company said. It pointed to a "complex macroeconomic environment marked by weaker main trading currencies and rising material costs [that are] continuing to weigh on margins."

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

January 15, 2026 01:36 ET (06:36 GMT)