FinancialsJan 14, 2025
Signet Jewelers Lowers Q4 Guidance After Holiday Sales Fall ShortFinancialsJan 17, 2025
Richemont’s Jewelry Sales Rise 14% in Holiday Quarter
The company, which owns Cartier and Van Cleef & Arpels, had a record Q3, with sales topping $6 billion.
A pair of “Opera Galileo” pendants by Buccellati. Buccellati together with Cartier, Van Cleef & Arpels, and Vhernier comprise Richemont’s jewelry brand portfolio. The brands saw sales increase 14 percent year-over-year in the third quarter.
Geneva, Switzerland—Jewelry sales increased by double digits in the third quarter for Richemont, propelling the luxury conglomerate to a record Q3.
The company reported Thursday that in the period ending Dec. 31, sales by its four jewelry brands, Cartier, Van Cleef & Arpels, Buccellati, and the recently acquired Vhernier, totaled €4.5 billion ($4.64 billion), up 14 percent from €3.95 billion ($4.07 billion) from the third quarter 2023.
The increase came despite the fact that Richemont’s jewelry division was up against strong comps from Q3 2023, when sales increased 12 percent year-over-year.
Richemont said both its classic jewelry collections—think Cartier “Love” or Van Cleef & Arpels’ “Alhambra” designs—and its new introductions contributed to the increase, particularly during the holiday season.
Watch sales, meanwhile, fell 8 percent in the third quarter, totaling €867 million ($893 million) compared with €939 million ($967 million) in the prior-year period. It is an improvement from the first half of the year, when Richemont’s watch sales were down 16 percent year-over-year.
Richemont, which owns Jaeger-LeCoultre, Vacheron Constantin, and Piaget, among other brands, noted that continued sluggish sales in the Asia Pacific region were a drag on the division.
Watch sales increased across all other regions, including a double-digit increase in the Americas.
Related stories will be right here …
The company reported Thursday that in the period ending Dec. 31, sales by its four jewelry brands, Cartier, Van Cleef & Arpels, Buccellati, and the recently acquired Vhernier, totaled €4.5 billion ($4.64 billion), up 14 percent from €3.95 billion ($4.07 billion) from the third quarter 2023.
The increase came despite the fact that Richemont’s jewelry division was up against strong comps from Q3 2023, when sales increased 12 percent year-over-year.
Richemont said both its classic jewelry collections—think Cartier “Love” or Van Cleef & Arpels’ “Alhambra” designs—and its new introductions contributed to the increase, particularly during the holiday season.
Watch sales, meanwhile, fell 8 percent in the third quarter, totaling €867 million ($893 million) compared with €939 million ($967 million) in the prior-year period. It is an improvement from the first half of the year, when Richemont’s watch sales were down 16 percent year-over-year.
Richemont, which owns Jaeger-LeCoultre, Vacheron Constantin, and Piaget, among other brands, noted that continued sluggish sales in the Asia Pacific region were a drag on the division.
Watch sales increased across all other regions, including a double-digit increase in the Americas.
In total, Richemont third-quarter sales reached €6.15 billion ($6.35 billion), a 10 percent increase over €5.59 billion ($5.76 billion) in Q3 2023. The company said it was its highest ever quarterly sales total.
The Americas was Richemont’s strongest region, driven by local demand. Sales totaled €1.65 billion ($1.7 billion), up 22 percent at actual and constant exchange rates from €1.36 billion ($1.4 billion) in the prior-year period.
Sales also increased in the Middle East and Africa (up 20 percent), Europe (up 19 percent)—with North American tourists helping to fuel demand—and Japan (up 19 percent).
Sales declined 7 percent in the Asia Pacific region.
Richemont also saw positive results across all of its distribution channels, with sales at company-owned and -operated retail stores up 11 percent, online sales increasing 17 percent, and wholesale and royalty income ticking up 4 percent.
The company’s strong third quarter was better than expected and pushed its shares higher on Thursday.
Year-to-date, Richemont’s sales are pacing slightly ahead of last year’s, totaling €16.23 billion ($16.72 billion), compared with €15.81 billion ($16.29 billion) a year ago.
Editors' Picks
Sponsored by
More on Financials
The Latest
EditorsJan 16, 2026
Remembering Pete Yantzer for His Contributions and His Kindness Pete’s boundless curiosity extended beyond diamond cut and he was always eager to share his knowledge with others, no matter the topic.
TrendsJan 16, 2026
Diane Lane's Brooch Buzzes at the 2026 Golden GlobesOur Piece of the Week is Lagos’ “Bee” brooch that was seen on the red carpet for the first time on Sunday.
CrimeJan 15, 2026
D.C. Rapper ‘Taliban Glizzy’ Sentenced to 18+ Years for Jewelry Store RobberiesTrevor Jonathan Wright led a crew in a string of armed robberies targeting South Asian-owned jewelry stores on the East Coast.
Brought to you by
How Jewelers Can Fight Back Against Cell JammersCriminals are using cell jammers to disable alarms, but new technology like JamAlert™ can stop them.
Events & AwardsJan 15, 2026
Jewelers of Americas’ ‘20 Under 40’ Nominations Now OpenThe program recognizes rising professionals in the jewelry industry.
Weekly QuizJan 15, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Events & AwardsJan 15, 2026
Registration for JCK Las Vegas 2026 Is Now OpenA new lifestyle section and a watch showcase have been added to this year’s event.
TrendsJan 15, 2026
Don’t Double-Dip With This Golden ChipAvocados From Mexico is celebrating those who love to double-dip in game day guacamole with a 14-karat yellow gold tortilla chip necklace.
Brought to you by
Impacting Tomorrow TodayHow Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.
SourcingJan 15, 2026
Nearly 42-Carat Blue Diamond Discovered in South AfricaPetra Diamonds unearthed the 41.82-carat, Type IIb blue diamond at the Cullinan Mine.
CollectionsJan 14, 2026
Marie Lichtenberg Lassos Leather for New BraceletsThe brand is trading its colorful fabric cords for Italian leather in its “Lasso” baby locket bracelets.
TechnologyJan 14, 2026
“My Next Question” Enters Its Podcast Era National Jeweler and Jewelers of America’s popular webinar series is evolving in 2026.
MajorsJan 14, 2026
Saks Files for Bankruptcy, Names New CEOThe department store chain owes millions to creditors like David Yurman, Roberto Coin, Kering, and LVMH.
CollectionsJan 14, 2026
Boucheron Names Colman Domingo as Brand AmbassadorThe award-winning actor’s visionary approach and creativity echo the spirit of Boucheron, the brand said.
IndependentsJan 14, 2026
Kansas Jeweler Wins 2025 ‘Wag’ AwardEdge Retail Academy honored Burnell’s Fine Jewelry in Wichita, Kansas, with its annual award for business excellence.
ColumnistsJan 13, 2026
2025 Was a ‘Price Up, Units Down’ Year, Here’s What That Signals for 2026 In a market defined by more selective consumers, Sherry Smith shares why execution will be independent jewelers’ key to growth this year.
IndependentsJan 13, 2026
Orr’s Jewelers Opens New Location in Pittsburgh’s Strip DistrictThe family-owned jeweler’s new space is in a former wholesale produce market.
CrimeJan 13, 2026
Alleged Getaway Driver Charged in Florida Jewelry Store RobberyIvel Sanchez Rivera, 52, has been arrested and charged in connection with the armed robbery of Tio Jewelers in Cape Coral, Florida.
SourcingJan 13, 2026
Rio Grande To Offer Calibrated Diamond MeleeThe supplier’s online program allows customers to search and buy calibrated natural and lab-grown diamond melee, including in fancy shapes.
Events & AwardsJan 13, 2026
NYC Jewelry, Antique, & Object Show Announces Winter EventThe new show will take place Jan. 23-25, 2026.
PodcastsJan 12, 2026
Introducing My Next Question, the PodcastA monthly podcast series for jewelry professionals
EditorsJan 12, 2026
Platinum, White Gold Rule the 2026 Golden GlobesAssociate Editor Natalie Francisco highlights her favorite jewelry moments from the Golden Globes, and they are (mostly) white hot.
GradingJan 12, 2026
Peter Yantzer, Former Executive Director of AGS Labs, Dies at 77 Yantzer is remembered for the profound influence he had on diamond cut grading as well as his contagious smile and quick wit.
MajorsJan 12, 2026
These 14 Macy’s Locations Will Close This YearThe store closures are part of the retailer’s “Bold New Chapter” turnaround plan.
MajorsJan 12, 2026
Jewelers Mutual Acquires AI-Powered Event Insurance ProgramThrough EventGuard, the company will offer event liability and cancellation insurance, including wedding coverage.
MajorsJan 09, 2026
Kendra Scott Taps Activewear Exec as CEO Chris Blakeslee has experience at Athleta and Alo Yoga. Kendra Scott will remain on board as executive chair and chief visionary officer.
SurveysJan 09, 2026
U.S. Holiday Retail Sales Up 4%, Visa, Mastercard SayThe credit card companies’ surveys examined where consumers shopped, what they bought, and what they valued this holiday season.
AuctionsJan 09, 2026
Christie’s Names New Global Managing Director for LuxuryKimberly Miller has been promoted to the role.
