Luxury conglomerate Richemont has reported a strong performance from its jewellery brands in the first half of fiscal year 2025, underscoring the enduring global demand for fine jewellery despite macroeconomic headwinds.
For the six months ending 30 September 2025, Richemont’s jewellery sales climbed 9 percent year-on-year to 7.75 billion euros, with second-quarter revenue surging 12 percent. The group’s total sales reached 10.62 billion euros, up 5 percent, driven largely by its flagship brands Cartier, Van Cleef & Arpels, Buccellati, and Vhernier. Operating profit from jewellery rose 9 percent to 2.5 billion euros, maintaining a robust 32.8 percent margin.
Richemont said growth was “broad-based,” citing solid momentum across the United States, Europe, and Asia Pacific. The US was a standout, with sales up 15 percent, while stabilisation in mainland China and improved tourist spending in Hong Kong supported Asia’s recovery.
Chairman Johann Rupert praised the maisons for managing higher gold costs, currency fluctuations and emerging US tariffs through “measured price adjustments and disciplined cost control.” High jewellery events in Europe and Asia, including showcases for Cartier’s “En Équilibre” and Van Cleef & Arpels’ “L’Île au Trésor” collections, bolstered brand visibility.
Product innovation remained a key driver. Van Cleef & Arpels launched its Flowerlace collection, while Cartier introduced Love Unlimited alongside a refreshed global campaign.
With jewellery contributing more than 70 percent of group revenue, Richemont’s results affirm the segment’s pivotal role amidst a complex economic backdrop. (Photo courtesy: Richemont)
05-12-2025
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