Rising jewellery sales lead the way for Richemont

Swiss luxury goods company Richemont has reported positive sales among its jewellery brands during the third quarter of the financial year.

Revenue among Richemont’s jewellery brands, which includes Cartier, Van Cleef & Arpels, and Buccellati, was driven by strong demand in the US market, with positive sales also noted in the Middle East, Africa, and Japan.

Jewellery sales improved by 6 per cent on a year-on-year comparison in the third quarter, reaching €4.79 billion ($AUD8.33 billion) for the three months ending 31 December.

“Both jewellery and watch categories grew strongly, led by iconic lines and fueled by attractive novelties and impactful communication. Sales rose by double digits across all channels,” a statement explained.

Sales among the company’s watch brands, which include IWC Schaffhausen, Piaget, and Vacheron Constantin, improved by 1 per cent on a year-on-year comparison.

Richemont total group revenue increased by 4 per cent on a year-on-year comparison, reaching €6.4 billion ($AUD11.13 billion).