EditorsNov 06, 2026
The Spectrum Pieces I Can’t Stop Thinking AboutFrom a Betta fish brooch to a “dragon’s trove” of zircon eggs, here are seven pieces that’ve stuck with Associate Editor Lauren McLemore.
FinancialsSep 11, 2018
Richemont Names Jérôme Lambert Group CEO
The news came amid its five-month fiscal results, in which sales were up 25 percent led by its jewelry division.
Former Richemont Group COO has been named CEO effective immediately.
Geneva—Richemont has announced the promotion of Group COO Jérôme Lambert to Group CEO, effective immediately.
Lambert has served in a number of top roles at Richemont, including heading up both Jaeger-LeCoultre and Montblanc. More recently, he oversaw the company’s specialist watchmakers division before taking on the role of COO last year.
Richemont’s specialist watchmakers, online distributors and other businesses, as well as central and regional functions, will now report directly to him.
Lambert will continue to be supported by Sophie Guieysse, group human resources director; Federico Marchetti, CEO of YOOX Net-a-Porter Group; Emmanuel Perrin, head of the Specialist Watchmaker Maisons; and Eric Vallat, head of Fashion and Accessories Maisons.
He will work with Cartier CEO Cyrille Vigneron, Van Cleef & Arpels CEO Nicolas Bos and Burkhart Grund, chief finance officer on the Richemont board.
The position has been empty since March 2017, when then-CEO Richard Lepeu retired and Richemont decided to restructure the responsibilities of senior management, doing away with the position and instead giving the heads of each brand and division more autonomy.
In the press release announcing Lambert’s appointment, the company said it came at a time when “consumer habits are changing significantly.” It also said that as they aim to meet those challenges, he will lead the development of “strategic plans reflecting the long-term objectives and priorities established by the board.”
The news of his appointment came at the same time as Richemont’s reporting of its five-month results ended Aug. 31.
The company said sales for the period were up 25 percent at constant exchange rates and 22 percent at actual exchange rates.
Excluding Yoox-Net-a-Porter Group and the recently acquired Watchfinder—as the two have only been consolidated into its accounts since May 1 and June 1, respectively—sales for the five-month period increased by 10 percent at constant exchange rates and 7 percent at actual exchange rates.
The company said its double-digit sales growth was driven primarily by a strong performance from its jewelry houses—Cartier, Piaget and Van Cleef & Arpels—where sales were up 14 percent.
It also attributed the growth to the first-time consolidation of its online distributors division; in this new business area, which regrouped Yoox-Net-a-Porter Group and Watchfinder, sales grew at a double digit rate.
RELATED CONTNET: Van Cleef Picks a New President for the AmericasBy market, Richemont said all regions except the Middle East posted growth, led by “solid momentum” in Asia Pacific and the Americas.
Editors' Picks
Sponsored by
Meanwhile, retail sales during the five months rose 14 percent, with growth in all regions but, again, most notably in Asia Pacific and the Americas. They were driven by strong performances by the jewelry brands and the specialist watchmakers.
Wholesale sales were up 2 percent as the company continued to focus on aligning inventories with client demand.
As for the rest of Richemont’s product categories, its other businesses reported a 4 percent sales growth, with most of its houses performing positively.
Wholesale sales were up 2 percent as the company continued to focus on aligning inventories with client demand.
As for the rest of Richemont’s product categories, its other businesses reported a 4 percent sales growth, with most of its houses performing positively.
More on Financials
The Latest
TrendsNov 06, 2026
Pat Pruitt’s DragonFly Earrings Take Flight on Election NightGroundbreaking New Mexico Governor-elect Deb Haaland wore the earrings, our Piece of the Week, when she declared victory on Tuesday.
MajorsNov 06, 2026
SNL’s Colin Jost Finds the Perfect Gift in Kay Jewelers’ Holiday AdJost goes on an epic journey, traversing rough seas and encountering a cyclops, to discover the perfect holiday gift.
Brought to you by
How Overnight Mountings’ Bridal Builder Makes Custom Engagement Ring Design Easier to SellWith customization becoming more expected in engagement ring shopping, the Bridal Builder makes the process tangible.
Supplier BulletinNov 05, 2026
Winning With GCAL 8X®: What’s Working at the CounterSponsored by GCAL by Sarine
Weekly QuizNov 05, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SurveysNov 05, 2026
What Retailers Should Know About Holiday Shoppers This YearFrom shrinking budgets to AI elves, here are five takeaways from holiday reports by Bain, Adobe, Mastercard, NRF, and insights from YouGov.
CollectionsNov 05, 2026
Judi Powers, Russell Jones Unleash Joy With New CollaborationThe designers combined their talents for Little Pet Portraits, hand-painted miniatures of our best friends set in a piece of jewelry.
Brought to you by
A Diamond Is Forever Launches 2026 Holiday Campaign Championing Natural DiamondsA Diamond Is Forever's holiday campaign reimagines natural diamond icons for a new generation celebrating individuality.
MajorsNov 05, 2026
Ariana Grande Stars In Swarovski’s Holiday Campaign“Joy: The Swarovski Musical” features Ariana Grande as the leading lady in scenes inspired by classic musical montages.
GradingNov 05, 2026
GIA to Offer Next-Day Holiday ServicesThe lab will bring back its complimentary next-day service for some reports starting next week.
CrimeNov 04, 2026
$250K+ in Undeclared Cartier Jewelry Seized at Philadelphia AirportA Pennsylvania woman failed to declare a ring and a bracelet, discarding the boxes and receipts to conceal the purchases, officials said.
Events & AwardsNov 04, 2026
NYC Jewelry Week 2026 Is the Largest Edition YetThe citywide celebration, slated for Nov. 16-22, is set to host more than 175 events, including live jewelry-making demos.
MajorsNov 04, 2026
Bergdorf Goodman Names New PresidentLanessa Elrod, former president and CEO of Louis Vuitton Americas, has stepped into the role as the retailer celebrates 125 years.
AuctionsNov 03, 2026
Infinity Gauntlet Set With 170+ Carats of Colored Gemstones Up for AuctionA replica of one of the most powerful objects in the Marvel Cinematic Universe, the glove is heading to auction next month in Abu Dhabi.
IndependentsNov 03, 2026
Longtime Jewelry Marketer Arthur Klein Dies at 89Klein, who had his own marketing agency and worked for Gabriel & Co. and Trans American Diamond, is remembered as a kind man.
IndependentsNov 03, 2026
Zadok Jewelers Toasts To 50 Years With Diamond Bracelet GiveawayTo enter the giveaway, locals can purchase a featured beverage from one of eight participating restaurants in Houston and Austin, Texas.
Events & AwardsNov 03, 2026
David Yurman Gem Awards Grant Opens 2027 ApplicationsThe grant recipient will be awarded $50,000 as well as mentoring meetings with executives at David Yurman and other industry executives.
Events & AwardsNov 03, 2026
NAJA, Instappraise Name 2026 Scholarship WinnersThe winners include a non-NAJA member seeking training, a member beginning NAJA courses, and a member becoming a Certified Master Appraiser.
AuctionsNov 02, 2026
197-Carat ‘Romanov Sapphire’ Heads to Sotheby’s GenevaThe rare jewel, which has links to Russia’s Romanov dynasty, is estimated to fetch up to $2 million.
CrimeNov 02, 2026
Customs Seizes More Than 400 Fake Audemars Piguet WatchesIt is one of several seizures of counterfeit jewelry and watches by U.S. Customs and Border Protection officials in Louisville this year.
MajorsNov 02, 2026
Lawrence Bock, Caryl Capeci, Amanda Coleman-Phelps Join JA Board Jewelers of America announced the additions to its board of directors following its annual general meeting, held last week.
CollectionsNov 02, 2026
Olympian Kristi Yamaguchi, Heller Jewelers Expand ‘Always Dream’ CollectionThe jewelry collection supports Yamaguchi’s Always Dream foundation, which provides reading and educational resources to families in need.
Events & AwardsOct 30, 2026
Illuminating Carved Paraiba Pendant, Suite of Moonstones Wow at Spectrum AwardsSpectrum’s “Best of Show” honors went to a 101-carat Paraiba carved to look like Medusa that has a magnet-activated LED light.
TrendsOct 30, 2026
Edina Kiss’ Pendants Say ‘Eye’m Watching You’Our Halloween Pieces of the Week are four “Eye” pendants, each set with colorful gemstones.
MajorsOct 30, 2026
The RealReal Hires Former eBay Exec as New Chief Merchandising OfficerAlexis Hoopes expanded eBay’s “Authenticity Guarantee” program during her tenure.
WatchesOct 29, 2026
Bucherer Opens Rolex Boutique in Washington StateThe Rolex-owned retailer’s new 4,700-square-foot store’s façade honors the Pacific Northwest’s evergreen forests.
TrendsOct 29, 2026
Amanda's Style File: All Treats, No Tricks Get into the Halloween spirit with this roundup of 13 spooky jewels.
