Swiss luxury goods group Richemont announced that sales from its jewelry houses grew 25 percent for the three months ended Dec. 31.
Richemont jewelry companies include Cartier and Van Cleef & Arpels.
Total sales for the quarter increased by 24 percent.
The Asia-Pacific region reported the highest growth, up 36 percent, reflecting strong demand in Hong Kong and mainland China. Additionally, sales in the Americas increased 23 percent, due to the demand for jewelry and watches.
Highlights of Richemont’s financial statement (three months ended Dec. 31):
- Total retail sales: up 28%
- Total wholesale sales: up 20%
- Total sales from specialist watchmakers: up 28%