MajorsDec 19, 2025
MadaLuxe Group Acquires Ippolita The luxury goods company said founder Ippolita Rostagno will remain at the brand’s helm.
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.
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
MajorsDec 19, 2025
LVMH Names New Bulgari CEOLaura Burdese, who joined the Italian luxury brand in 2022, will take on the role in July.
EditorsDec 19, 2025
2025 Jewelry Superlatives: A Yearbook-Style Year in Review The National Jeweler editors revisit the most noteworthy industry happenings and design trends from 2025.
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.
AuctionsDec 19, 2025
Jean Schlumberger’s ‘African Cat’ Is Purr-Fection Need a gift for the cat lover who has everything? Look no further than our latest Piece of the Week.
Weekly QuizDec 18, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
AuctionsDec 18, 2025
Audemars Piguet Reclaims Historic Pocket Watch at AuctionIt purchased the “Grosse Pièce,” an ultra-complicated Audemars Piguet pocket watch from the ‘20s, for a record-breaking price at Sotheby’s.
Lab-GrownDec 18, 2025
Kira Jewels Debuts Custom Lab-Grown Diamond Jewelry ServiceThe lab-grown diamond grower now offers custom engagement and fashion jewelry through its Kira Custom Lab Jewelry service.
Brought to you by
Roseco Releases New Full-Line CatalogRoseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.
EditorsDec 18, 2025
Terry Chandler Looks Back on 40 Years of Opportunity, Change, and FriendsChandler got his start at Michelson Jewelers and has served as DCA president and CEO since 2001. He will retire at the end of the month.
WatchesDec 18, 2025
Bob’s Watches to Open Store in New York’s JFK AirportThe boutique is slated to open this week inside Terminal 8, offering pre-owned Rolex watches and more to international travelers.
Supplier BulletinDec 18, 2025
Cell Jammers Are Targeting Your Business. Here's How to Beat ThemSponsored by Digital Monitoring Products
CrimeDec 17, 2025
Man Pleads Not Guilty to Swallowing Fabergé PendantThe special-edition egg pendant ingested in a New Zealand jewelry store was recovered after a six-day wait.
EditorsDec 17, 2025
2025 Jewelry Rewind: The Best Piece of the Week PicksAssociate Editor Natalie Francisco plays favorites with Piece of the Week, selecting a standout piece of jewelry from each month of 2025.
CollectionsDec 17, 2025
Lucy Hale Stars in Jacquie Aiche’s Holiday CampaignThe “Love and Desire” campaign is inspired by the magic that follows when one’s heart leads the way, said the brand.
GradingDec 17, 2025
SSEF Announces 2025 Scholarship WinnersTwo awardees will receive free tuition for an educational course at the Swiss lab, with flights and lodging included.
MajorsDec 16, 2025
Pandora’s New CEO Will Step Up EarlyBerta de Pablos-Barbier will replace Alexander Lacik at the start of January, two months earlier than expected.
AuctionsDec 16, 2025
Suzanne Belperron, JAR Shine in Sotheby’s First Auctions at New HQSotheby’s held its first two jewelry sales at the Breuer building last week, and they totaled nearly $44 million.
Events & AwardsDec 16, 2025
TJS Now Accepting Scholarship Applications for 2026Winners will receive free registration and lodging for its fourth annual event in Detroit.
ColumnistsDec 16, 2025
Beyond Unboxing: Creative Reveals to Drive Reach and EngagementHere are six ideas for making more engaging content for Instagram Reels and TikTok, courtesy of Duvall O’Steen and Jen Cullen Williams.
Events & AwardsDec 16, 2025
Diamonds Do Good Names 2026 Award RecipientsThe honorees include a notable jewelry brand, an industry veteran, and an independent retailer.
CrimeDec 15, 2025
Men Receive Life Sentences in Home Invasion Murder of Jeweler Carlos Jose Hernandez and Joshua Zuazo were sentenced to life without the possibility of parole in the 2024 murder of Hussein “Sam” Murray.
Policies & IssuesDec 15, 2025
Sara Yood Named Co-Chair of RJC Standards CommitteeYood will serve alongside Eduard Stefanescu, the sustainability manager for C.Hafner, a precious metals refiner in Germany.
IndependentsDec 15, 2025
M.S. Rau to Open Store in AspenThe New Orleans jeweler is also hosting pop-up jewelry boutiques in New York City and Dallas.
AuctionsDec 12, 2025
13.54-Carat Paraíba Tourmaline Sets Records at Christie’sSet in a Tiffany & Co. necklace, it sold for $4.2 million, the highest price and price per carat paid for a Paraíba tourmaline at auction.
MajorsDec 12, 2025
David Webb Reveals Ice-Cold Holiday Window DisplayThe jeweler’s “Deep Freeze” display showcases its iconic jewelry designs frozen in a vintage icebox.
CollectionsDec 12, 2025
Piece of the Week: Oscar Heyman’s Sphene RingTake luxury gifting to new heights this holiday season with the jeweler’s showstopping 12-carat sphene ring.
Events & AwardsDec 12, 2025
IGI Jewelry Design Contest Now Accepting SubmissionsThis year's theme is “Unveiling the Depths of the Ocean.”
