FinancialsJun 03, 2025
Signet Jewelers Sees Turnaround in Q1 With Sales Ticking Up 2%FinancialsJul 16, 2025
Richemont’s Jewelry Sales Up 7% in Q1
It marks the third consecutive quarter of growth for Cartier, Van Cleef & Arpels, Buccellati, and Vhernier.
An “Opera” bracelet from Richemont-owned Buccellati. Richemont’s jewelry brands posted strong sales in the first quarter.
Geneva—In spite of a “volatile” geopolitical and macroeconomic environment, Richemont posted a solid first quarter, bolstered by continued strength in its jewelry division.
For the first quarter ending June 30, Richemont reported sales of €5.41 billion ($6.28 billion), up 3 percent year-over-year at actual exchange rates (6 percent at constant exchange rates).
The Americas, Europe, and the Middle East and Africa saw double-digit growth. Sales were “stable” in the Asia-Pacific region and down in Japan against tough comps.
In the Americas, sales grew 10 percent (17 percent at constant exchange rates), which Richemont said was driven by local demand across all business areas and markets.
The company saw consistent growth across all distribution channels, led by the jewelry division.
Both in-store and online sales grew 3 percent year-over-year (6 percent at constant exchange rates).
Wholesale sales and royalty income were up 2 percent year-over-year (6 percent at constant exchange rates).
Richemont’s jewelry brands, Buccellati, Cartier, Van Cleef & Arpels, and Vhernier, saw sales increase 7 percent year-over-year (11 percent at constant exchange rates).
It marked the third consecutive quarter of double-digit, constant-exchange-rate growth for the division, Richemont said, with sales increasing in every region, excluding Japan.
Related stories will be right here …
For the first quarter ending June 30, Richemont reported sales of €5.41 billion ($6.28 billion), up 3 percent year-over-year at actual exchange rates (6 percent at constant exchange rates).
The Americas, Europe, and the Middle East and Africa saw double-digit growth. Sales were “stable” in the Asia-Pacific region and down in Japan against tough comps.
In the Americas, sales grew 10 percent (17 percent at constant exchange rates), which Richemont said was driven by local demand across all business areas and markets.
The company saw consistent growth across all distribution channels, led by the jewelry division.
Both in-store and online sales grew 3 percent year-over-year (6 percent at constant exchange rates).
Wholesale sales and royalty income were up 2 percent year-over-year (6 percent at constant exchange rates).
Richemont’s jewelry brands, Buccellati, Cartier, Van Cleef & Arpels, and Vhernier, saw sales increase 7 percent year-over-year (11 percent at constant exchange rates).
It marked the third consecutive quarter of double-digit, constant-exchange-rate growth for the division, Richemont said, with sales increasing in every region, excluding Japan.
Richemont’s watch brands are: A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis, and Vacheron Constantin.
Sales in the division fell 10 percent year-over-year in the first quarter (7 percent at constant exchange rates).
The division saw double-digit growth in the Americas, but it was not enough to offset declining sales in China, Hong Kong, and Macau, as well as Japan.
Pre-owned watch platform Watchfinder, which is part of Richemont’s “Others” division, saw strong growth in the quarter, said Richemont.
Richemont did not provide guidance for the second quarter of the fiscal year.
Editors' Picks
Sponsored by
More on Financials
The Latest
Events & AwardsAug 08, 2025
GJEPC’s Jewellers for Hope Celebrates 10 Years of FundraisingThe organization has raised more than $1.3 million for charity since its inception.
TrendsAug 08, 2025
Piece of the Week: Rahaminov Diamonds’ Bezel BangleThe brand’s latest iteration of a bezel-set diamond bangle features clean lines and a timeless design for a new modern silhouette.
WatchesAug 07, 2025
Bulova’s New Collection Honors Tony BennettThe first watch in the series commemorates his participation in the Civil Rights movement, marching from Selma to Montgomery in 1965.
Brought to you by
Taking the Moment Head On: How Rio Grande Champions the Present & Future of Fine JewelryAs a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.
Lab-GrownAug 07, 2025
Chatham Releases Catalog for Loose Lab-Grown GemstonesThe catalog contains a complete listing of all the loose gemstones in stock, as well as information about the properties of each stone.
Weekly QuizAug 08, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
TechnologyAug 07, 2025
Rembrandt Charms Debuts New Website, Bird CharmsThe company added a retailer dashboard to its site and three new birds to its charm collection, the cardinal, blue jay, and hummingbird.
Policies & IssuesAug 06, 2025
Tariff on India to Rise to 50%, Trump Says An additional 25 percent tariff has been added to the previously announced 25 percent.
Brought to you by
Investing in the Next Generation of Bench JewelersThe Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.
MajorsAug 06, 2025
Claire’s Files for Chapter 11 Bankruptcy AgainThe jewelry and accessories retailer plans to close 18 stores as part of the proceedings.
IndependentsAug 06, 2025
Smith & Son Jewelers to Close 107-Year-Old Location Its Springfield, Massachusetts, store is set to close as owner Andrew Smith heads into retirement.
CollectionsAug 06, 2025
Zahn-Z Swims With Whales in ‘Beluga’ CollectionDesigner Hiba Husayni looked to the whale’s melon shaped-head, blowhole, and fluke for her new chunky gold offerings.
TrendsAug 06, 2025
Paola De Luca to Release Trendbook 2027+She will present the 23rd edition of the trend forecasting book at Vicenzaoro on Sept. 7.
CrimeAug 05, 2025
Report: Suspect Arrested in 1992 Murder of Miami JewelerOmar Roy, 72, was arrested in connection with the murder of jeweler Dionisio Carlos Valladares.
CollectionsAug 05, 2025
Mignon Faget Commemorates 20th Anniversary of Hurricane KatrinaThe New Orleans-based brand’s “Beyond Katrina” jewels honor the communities affected by the storm.
ColumnistsAug 05, 2025
The PR Adviser: Affiliate Marketing Is the Cost of CoverageLilian Raji explains why joining an affiliate network is essential for brands seeking placements in U.S. consumer publications.
Events & AwardsAug 05, 2025
JA Announces Seymour & Evelyn Holtzman Bench Scholarship WinnersThe organization has awarded a total of $42,000 through its scholarship programs this year.
Events & AwardsAug 04, 2025
Gem Awards, David Yurman Introduce $50K Grant for Emerging DesignersThe winner of the inaugural David Yurman Gem Awards Grant will be announced live at the 2026 Gem Awards gala.
TrendsAug 04, 2025
Amanda’s Style File: August’s Bright BaublesAs summer winds down, celebrate the sunny disposition of the month’s birthstones: peridot and spinel.
CrimeAug 04, 2025
‘The Watch King’ Assaulted, Robbed in QueensMoshe Haimoff, a social media personality and 47th Street retailer, was robbed of $559,000 worth of jewelry by men in construction outfits.
MajorsAug 04, 2025
Borsheims Welcomes New Assistant Facilities ManagerXavier Dibbrell brings more than a decade of experience to the role.
MajorsAug 01, 2025
Helzberg President Julie Yoakum Moves Over to Signet JewelersThe addition of Yoakum, who will lead Kay and Peoples, was one of three executive appointments Signet announced Thursday.
MajorsAug 01, 2025
Jewelers Mutual Names Mike Alexander as President The insurance company’s previous president and CEO, Scott Murphy, has split his role and will continue as CEO.
SourcingAug 01, 2025
Gemfields’ Auction Revenue Drops 50% in H1The nearly six-month pause of operations at its Kagem emerald mine earlier this year impacted the miner’s first-half results.
CollectionsAug 01, 2025
Piece of the Week: Hernsdorf’s ‘Tears of Aphrodite’ NecklaceThe necklace uses spinel drops to immortalize the moment Aphrodite’s tears mixed with her lover Adonis’ blood after he was fatally wounded.
SourcingJul 31, 2025
De Beers Records $189M First-Half Loss The diamond miner and marketer warned last week that it expected to be in the red after significantly cutting prices in Q2.
Events & AwardsJul 31, 2025
These Are the 2025 CASE Award WinnersJewelers of America’s 35th annual design contest recognized creativity, artistry, style, and excellence.
IndependentsJul 31, 2025
Matthew Tratner Takes Over as CBG President Tratner succeeds Andie Weinman, who will begin stepping back from the buying group’s day-to-day operations.
