Cartier-Owner Richemont's Sales Accelerate as Jewelry Continues to Shine

By Andrea Figueras

Richemont, the owner of upscale brands including Cartier, reported a pick-up in sales growth, propelled by its jewelry division and as hopes for recovery in the luxury sector emerge.

The Swiss jeweler and watchmaker said Friday that sales for its fiscal second quarter ended Sept. 30 climbed 14% from the same period a year earlier at constant exchange rates. In the first quarter, group sales jumped 6% on year.

The core jewelry business recorded a 17% rise in sales, accelerating from the 11% increase it posted in the preceding three months.

Revenue for the first half as a whole grew 10% on year excluding currency movements to 10.62 billion euros ($12.35 billion), beating analysts' projections of 10.41 billion euros, according to a poll of estimates compiled by Visible Alpha.

Net profit for the six-month period jumped to 1.81 billion euros from 457 million euros previously.

The company noted that market conditions remained challenging due to material currency movements, higher gold prices and the impact of President Trump's tariffs in the U.S.

"Looking ahead, it is evident that we will need to continue navigating through uncertain times, given that recovery paths remain unsteady, for instance in China, and that external pressures show no sign of abating," Chairman Johann Rupert said.

Write to Andrea Figueras at andrea.figueras@wsj.com

(END) Dow Jones Newswires

November 14, 2025 01:47 ET (06:47 GMT)