Editor’s Note
This article highlights the strong performance of Swiss luxury group Richemont, driven by its core jewelry division. The results offer a positive signal for the broader luxury sector, particularly in hard luxury.
The robust performance of Swiss luxury giant Richemont has injected a shot of confidence into the luxury goods industry, particularly the hard luxury sector.
According to the group’s recently released annual report for fiscal year 2025 (ended March 31, 2025): Benefiting from an 8% growth in its jewelry division, the group’s full-year sales increased by 4% year-on-year to 21.4 billion euros. All regional markets achieved double-digit growth except for the Asia-Pacific region, led by China, which saw a decline.
During the post-earnings conference call, Group Chairman Johann Rupert, new CEO Nicolas Bos, and CFO Burkhart Grund were all present. They revealed the latest developments of the four major brands (Cartier, Van Cleef & Arpels, Buccellati, and Vhernier) under the group’s fastest-growing jewelry division and shared their latest observations on the Chinese market.
It is noteworthy that when discussing the Chinese market, Johann Rupert and Nicolas…
