Editor’s Note
This article highlights a notable resilience in the luxury sector, where high-end jewelry demand is defying broader economic and geopolitical headwinds.
July 16, 2025
The group that owns Cartier recorded an increase in its quarterly sales, driven by greater consumer interest in luxury jewelry.
Richemont, the Swiss luxury goods conglomerate and owner of brands like Cartier and Van Cleef & Arpels, surprised the market by reporting solid growth in its quarterly sales. This growth is attributed to the strong appetite of high-purchasing-power consumers for luxury jewelry, even amidst a global landscape marked by political and economic tensions.
During the second quarter of 2025, the jewelry segment—which represents more than two-thirds of the group’s total revenue—recorded an 11% increase, exceeding market expectations. This performance was sufficient to offset declines in other divisions such as watches (-7%) and fashion & accessories (-1%). Overall, Richemont’s consolidated sales grew 6% year-on-year, reaching 5.4 billion euros at the end of June.
Unlike other luxury giants, the owner of Cartier has demonstrated notable resilience in the face of current geopolitical challenges. The group has successfully navigated pressures from trade protectionism driven by President Donald Trump, as well as tensions stemming from conflicts in Ukraine and the Middle East, and the slowdown of the Chinese market.
Information from Financial Times.