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.
Editors' Picks
Sponsored by
More on Financials
The Latest
CollectionsJul 17, 2026
HOWL Taps Shailene Woodley for ‘Home Sweet Home’ CampaignWoodley is seen in the campaign wearing our Piece of the Week, the “Frida” collar featuring 13 pieces of hand-carved Venetian glass.
SourcingJul 17, 2026
U.K. Woman Pays £5 for £15K Diamond Ring at Car Boot SaleA WeBuyVintage jewelry expert uncovered how much the flea market find was actually worth.
SourcingJul 17, 2026
Diamond Dealer Jeff Pancis Pens MemoirThe founder of natural colored diamond wholesaler Pancis Gems shares stories from his five decades in the industry.
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.
Events & AwardsJul 17, 2026
Gem Awards Opens 2027 Nomination PeriodSubmissions for the milestone 25th annual Gem Awards will be accepted across three categories from now through July 31.
Weekly QuizJul 17, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
EditorsJul 16, 2026
Q&A: Guzema’s Co-Owners On Its US Expansion, 10-Year AnniversaryValeriya Guzema and Mariana Lenha look back on the last decade and discuss the Ukrainian brand’s first U.S. store.
SourcingJul 16, 2026
Ekati to Close, Leaving Canada With One Diamond Mine The diamond mine, which opened nearly 30 years ago in Canada’s Northwest Territories, is expected to shut down by mid-August.
Brought to you by
Building the Future of Jewelry Retail: DCA Expands Education, Leadership Development, and Workforce SolutionsDCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.
Events & AwardsJul 16, 2026
MJSA Mentor & Apprenticeship Program Certifies First Advanced Apprentice GraduateThe graduate, Grace Barden, credited the program with helping her secure a job as a bench jeweler.
Events & AwardsJul 16, 2026
Jewelers of Louisiana to Host 80th ConventionThe event, scheduled for next month in New Orleans, will include dinner, a custom jewelry design contest, and education sessions.
SourcingJul 15, 2026
1,305-Carat Diamond Recovered from Mine in BotswanaThe yet-to-be named stone is the 10th diamond weighing more than 1,000 carats to come out of Lucara’s Karowe mine.
IndependentsJul 15, 2026
New Jersey Jeweler Barry Berman Dies at 81The founder of Fords Jewelers, Berman is remembered for his love of connecting with his community.
Events & AwardsJul 15, 2026
Hamptons Jewelry Show to Return in JulyThe open-to-the-public luxury jewelry and timepiece show, in its second year, is slated for July 23-26.
CollectionsJul 15, 2026
Pomellato’s New High Jewelry Is LiberatingBold color, expressive gem-setting, and sculptural form define the three chapters that make up “Stile Libero.”
IndependentsJul 14, 2026
Foundrae Opens First Standalone Store Outside USThe New York-based jewelry brand has expanded overseas, opening a store in London’s Mayfair district.
ColumnistsJul 14, 2026
Sherry Smith: What Today’s Jewelry Consumer Is Telling Us Rising revenue does not automatically mean a healthy business, particularly in the current economic landscape, Smith writes.
TrendsJul 14, 2026
Amanda’s Style File: Shoulder Dusters These long, fluid drop earrings are sure to catch the eye.
CrimeJul 14, 2026
Man Charged in $1M Jewelry Store Heist Lands on FBI Most Wanted ListAlberto Perez-Elias is one of four men charged with robbing a Cape Coral, Florida, jewelry store and is the only one still at large.
Events & AwardsJul 14, 2026
Conference on Mining, Sustainability Kicks Off in NYCInitiatives in Art and Culture is hosting its 16th annual Gold and Diamond Conference, with the theme of “Resilience.”
Lab-GrownJul 13, 2026
Stephanie Gottlieb Changes Her Mind on Lab-Grown DiamondsThe designer, who once said she’d never sell lab-grown diamonds, debuted two capsule collections designed to be fun and easy to wear.
SourcingJul 13, 2026
De Beers Announces Potential Layoffs, 2-Year Production Pause at VenetiaThe diamond miner and marketer is undergoing another round of cost-cutting measures ahead of its sale by Anglo American.
Events & AwardsJul 13, 2026
Registration Opens for JIS Fall 2026 ShowThe annual trade-only buying event is slated for Oct. 16-19 in Miami Beach, Florida.
Events & AwardsJul 13, 2026
AGTA Accepting Entries for Spectrum 2026AGTA also has announced the lineup of judges for the colored gemstone cutting and jewelry design contest’s various categories.
TechnologyJul 10, 2026
There’s a New Blind Box for Luxury Watches Collectibles platform Arena Club’s new Time Boxes could contain a Rolex or Patek Philippe watch.
TrendsJul 10, 2026
Jade Trau Creates a Constellation of DiamondsThe “Constellation Plié” collar, our Piece of the Week, features diamonds arranged in a constellation of shining stars.
SourcingJul 10, 2026
CFO of De Beers’ Consumer-Facing Division Leaves Company Shaun Wills joined the company in 2024 and was chief financial officer of the De Beers Brands and Consumer Markets division.
WatchesJul 10, 2026
Brilliant Earth Expands Into WatchesIn honor of its 20th anniversary, the jewelry brand has released a limited-edition collection of Swiss-made timepieces.
