Richemont, the Swiss owner of Cartier and Van Cleef & Arpels, reports stronger results as jewellery demand offsets a broader luxury slowdown. The Financial Times says the group’s first-half net profit rises 39%, highlighting performance in the segment that includes its main jewellery labels.
Business of Fashion adds that Richemont’s quarterly sales increase 13%, outperforming expectations. It attributes the growth to resilience across jewellery brands and points to support from key markets, including the US and Japan. Together, the outlets frame Richemont’s figures as evidence that jewellery-focused brands are holding up better than the wider luxury sector, though their emphasis differs between profitability and overall sales growth and geography.
