Swiss luxury conglomerate Richemont posted a resilient performance in the first quarter ended 30 June 2025, with Group sales rising 3% year-on-year to €5.4 billion
The surge was primarily driven by its high-performing Jewellery Maisons, which continued their upward trajectory.
Cartier, Van Cleef & Arpels, Buccellati, and Vhernier — the brands under Richemont’s Jewellery Maisons — collectively reported €3.9 billion in sales, up 7% from the same period last year. This marks the third consecutive quarter of double-digit growth for the division, underscoring sustained global demand for fine jewellery.
Growth was evenly spread across jewellery and watch offerings, with notable sales momentum in Europe, the Americas, and the Middle East & Africa. Japan, however, experienced a dip, attributed to a strong yen and a challenging comparison to last year’s elevated tourist spending.
Retail continued to dominate as the Group’s strongest distribution channel, accounting for 69% of total revenue, followed by wholesale and online retail. Richemont noted that the Jewellery Maisons led performance across all channels, reflecting their consistent appeal to both local and international clientele.
The results reinforce Richemont’s strategic focus on high jewellery and client-facing retail, even amid shifting global economic conditions.