FinancialsDec 02, 2025
Signet Jewelers’ Q3 Sales Up Amid Continued Focus on Lower Price PointsFinancialsJan 16, 2026
Richemont’s Jewelry Brands Shine in Q3
Cartier, Van Cleef & Arpels, Buccellati, and Vhernier had another successful holiday season, Richemont reported this week.
A ring from Richemont-owned Buccellati’s “Opera Tulle” collection. Richemont’s jewelry brands performed well in its recent third quarter, and watch sales showed signs of recovery. The company attributed the boost in sales to its brands’ classic lines as well as their new releases.
Geneva—Richemont reported solid results in the first nine months of the year, with its jewelry brands continuing to outshine the rest of its portfolio.
For the nine months ended Dec. 31, Richemont reported sales of €17 billion ($19.7 billion), up 5 percent year-over-year at actual exchange rates (10 percent at constant exchange rates).
In the third quarter, sales increased 4 percent year-over-year at actual exchange rates (11 percent at constant exchange rates) to €6.4 billion ($7.4 billion).
Richemont’s jewelry brands, Cartier, Van Cleef & Arpels, Buccellati, and Vhernier, outperformed its watch and fashion brands, marking “another successful festive season,” the company said.
Year-to-date, sales in the jewelry division were up 8 percent year-over-year (14 percent at constant exchange rates) to €12.53 billion ($14.54 billion).
In Q3, jewelry sales grew 6 percent year-over-year (14 percent at constant exchange rates) to €4.79 billion ($5.56 billion).
Richemont’s “Other” category, which includes fashion and accessories, posted a 5 percent decline in sales in Q3 (flat at constant exchange rates) while year-to-date sales were down 3 percent (up 1 percent at constant exchange rates).
Its jewelry brands saw sales rise by double-digits across all channels and were up across all regions, with the Americas, Middle East and Africa, and Japan posting the highest growth rates.
Related stories will be right here …
For the nine months ended Dec. 31, Richemont reported sales of €17 billion ($19.7 billion), up 5 percent year-over-year at actual exchange rates (10 percent at constant exchange rates).
In the third quarter, sales increased 4 percent year-over-year at actual exchange rates (11 percent at constant exchange rates) to €6.4 billion ($7.4 billion).
Richemont’s jewelry brands, Cartier, Van Cleef & Arpels, Buccellati, and Vhernier, outperformed its watch and fashion brands, marking “another successful festive season,” the company said.
Year-to-date, sales in the jewelry division were up 8 percent year-over-year (14 percent at constant exchange rates) to €12.53 billion ($14.54 billion).
In Q3, jewelry sales grew 6 percent year-over-year (14 percent at constant exchange rates) to €4.79 billion ($5.56 billion).
Richemont’s “Other” category, which includes fashion and accessories, posted a 5 percent decline in sales in Q3 (flat at constant exchange rates) while year-to-date sales were down 3 percent (up 1 percent at constant exchange rates).
Its jewelry brands saw sales rise by double-digits across all channels and were up across all regions, with the Americas, Middle East and Africa, and Japan posting the highest growth rates.
Richemont’s watch brands, which have struggled in recent quarters, have begun to recover. In Q3, the watch division recorded its second consecutive quarter of growth at constant exchange rates.
Its watch portfolio consists of A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis, and Vacheron Constantin.
Sales in the division fell 4 percent year-over-year in the first nine months of the year (up 1 percent at constant exchange rates) to €2.4 billion ($2.8 billion).
Q3 watch sales were up 1 percent year-over-year (up 7 percent at constant exchange rates) to €872 million ($1.01 billion).
The division witnessed growth across all regions, with double-digit growth in the Americas, the Middle East, and Africa.
It had been a challenging time for the watch market, hampered by U.S. tariffs as well as the high price of gold and currency fluctuations.
Last month, U.S. tariffs on Swiss goods were rolled back to 15 percent from 39 percent after the U.S. and Switzerland came to an agreement.
Looking at Richemont’s distribution channels, retail sales were up 5 percent (11 percent at constant exchange rates) year-over-year in the first nine months and up 5 percent (12 percent at constant exchange rates) in Q3.
Online sales were up 1 percent (6 percent at constant exchange rates) year-over-year in the first nine months and down 1 percent (up 5 percent at constant exchange rates) in Q3.
Wholesale sales and royalty income increased 4 percent year-over-year (9 percent at constant exchange rates) in the first nine months and were up 3 percent (9 percent at constant exchange rates) in Q3.
In Q3, Richemont’s jewelry brands led the growth in retail sales, with double-digit sales increases in the category in the wholesale sector.
By region, sales growth in the Americas was driven by local demand. Sales were up 6 percent in Q3 (14 percent at constant exchange rates) while year-to-date sales were up 9 percent (16 percent at constant exchange rates).
Richemont did not provide any financial guidance for the remainder of its fiscal year.
Its full-year results are set to be reported May 22.
More on Financials
The Latest
CrimeAug 06, 2026
Lalique Museum to Remain Closed Following $5M HeistMuseum officials are looking to the public to help cover the “exceptional” costs involved in recovering from the July 5 smash-and-grab.
Supplier BulletinAug 06, 2026
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying EventsSponsored by Stratus Estate Buyers
MajorsAug 06, 2026
Claire’s Revamps Piercing Services for Second Time in Three Years The overhaul includes enhanced employee safety training and trendy earring styles, including lab-grown diamond studs.
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying EventsRetailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.
TrendsAug 06, 2026
New Book on Handcrafted American Objects Highlights Jewelry“Handwork: Handcrafted Objects that Made America” features historic and contemporary works, including a Diné squash blossom necklace.
Weekly QuizAug 06, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
MajorsAug 06, 2026
AJA East Coast Names Ani Khachian as First Female President-ElectThe Armenian Jewelers Association’s East Coast chapter has also elected its 2026–2027 board of directors.
MajorsAug 05, 2026
Private Equity Firm Wants to Buy 100+ JCPenney StoresOnyx Partners has submitted a second offer to buy the department stores after its first offer fell through last year.
Brought to you by
Wedding Band Trends 2026: Personalization Takes Center StageColored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.
IndependentsAug 05, 2026
Atlanta Jeweler Introduces $10K MartiniSolomon Brothers Jewelers has partnered with local cocktail bar Roaring Social on a new martini garnished with a tennis necklace.
IndependentsAug 05, 2026
Another Member of the Siegel Family Joins Hamilton Jewelers Benjamin Siegel, son of President and CEO Hank Siegel, started working for the family business this week.
MajorsAug 05, 2026
Bulgari Opens Store in San DiegoThe new space features a modern design that blends Bulgari’s Roman heritage with San Diego’s coastal spirit.
CrimeAug 04, 2026
Crew of Thieves Break Into Indiana Jeweler’s HomeFour men were charged in connection with the break-in and accused of stealing $365,000 in cash, jewelry, and designer goods.
MajorsAug 04, 2026
Pandora Hires Former Signet Board Member to Lead North American MarketAndré Branch has more than 25 years of experience with various brands, most recently serving as CEO of Ariana Grande’s cosmetics company.
MajorsAug 04, 2026
Sasha Primak Acquires GemlokNew York-based atelier Gemlok is best known for creating the innovative “bridge” setting that became popular in the bridal market.
CollectionsAug 04, 2026
Musician Carlos Santana Launches Jewelry BrandSantana Now's debut collection, “Unidad,” features symbolic motifs as well as pieces of wood from the Woodstock stage.
CrimeAug 03, 2026
Florida Man Gets 15 Years in Trio of Jewelry Store RobberiesThe 50-year-old man pleaded guilty earlier this year to robbing two jewelry stores and a pawn shop of more than $700,000 in merchandise.
WatchesAug 03, 2026
Citizen's New Spider-Man Watch Is a Collector’s DreamThe watch’s dial features an original design by Marvel comics illustrator Adam Kubert.
CollectionsAug 03, 2026
Chatham Releases First Men’s CollectionThe new collection of lab-grown diamond and colored gemstone jewelry provides a “fresh perspective” on the category, Chatham said.
TrendsAug 03, 2026
Amanda’s Style File: Spinel vs. Peridot While some August babies are team peridot, the month's time-honored birthstone, others are team spinel, the newer alternative.
TrendsJul 31, 2026
These Pieces of the Week Are Sweet Edina Kiss’ “Popsicle” pendant and Karina Choudhrie’s “Ice Cream” charm satisfy that summer craving for a sweet piece of jewelry.
MajorsJul 31, 2026
Macy’s Iconic Red Shopping Bag Sign Torn DownThe massive billboard has been in the same spot on the department store’s Herald Square flagship store for decades.
SourcingJul 31, 2026
Gemfields’ H1 Revenue Jumps 72%The miner’s ruby and emerald auctions brought in a combined $102.9 million.
SourcingJul 30, 2026
De Beers Sale in ‘Final, Most Challenging’ Phase, Anglo CEO SaysThe goal is for the De Beers sale to be finished by the second half of 2026, with the subsequent approvals process expected to take a year.
Policies & IssuesJul 30, 2026
JA Heads Back to Washington as New Wave of Tariffs Takes Effect David Bonaparte, along with Tim Haake and Ronnie VanderLinden, continue to lobby for tariff exemptions for diamonds, gemstones, and pearls.
SurveysJul 30, 2026
Consumer Confidence Slips in JulySurvey respondents were concerned about the rising prices of food and groceries as well as unemployment.
Events & AwardsJul 30, 2026
Vicenzaoro Releases 2026 Education LineupThe trade show, slated for Sept. 4-8 in Vicenza, Italy, will feature sessions on trends, AI, gemology, and manufacturing.
Events & AwardsJul 30, 2026
Hillsborough Show Moves to New Location for 2026The public shopping event featuring art, jewelry, watches, and rare collectibles, will take place in Santa Clara, California, this fall.
