Jewelry Speeds Ahead at Richmont

Jewelry sales at Richemont — the owner of Cartier and Van Cleef & Arpels — increased 9% in the past fiscal year, making the division the luxury retailer’s largest product group by revenue.

Proceeds from the category rose to $5.33 billion (EUR 4.54 billion) in the 12 months that ended March 31, while sales in the watch division grew 1% to $5.13 billion (EUR 4.37 billion), Richemont reported Friday. Jewelry sales leapt 15% at constant exchange rates.

Category increased 9% over the previous year.

 

BRON: Rapaport 21-5-2018