Richemont Sales Rise 20% as Jewelry Leads First-Quarter Growth

By JCK News Desk | July 15, 2026

Richemont today reported a strong start to its fiscal year, with sales rising 20% at constant exchange rates for the quarter ended June 30, compared with the same period a year earlier. Jewelry continued to drive growth for the Swiss luxury group: Its sales increased 24% at constant exchange rates in the quarter.

Richemont’s jewelry division—which includes Cartier, Van Cleef & Arpels, Buccellati, and Vhernier—generated €4.73 billion ($5.4 billion) in sales during the quarter, a 21% increase at actual exchange rates.

The company’s overall sales totaled €6.3 billion ($7.2 billion) for the April-June period, up 17% at actual exchange rates from a year earlier.

Richemont jewelry maisons recorded their seventh consecutive quarter of double-digit sales growth, with gains across brands, regions, and sales channels. The company attributed the higher performance to strength in both jewelry and watch lines, while noting that the operating environment remained volatile and that raw material costs were elevated.

Richemont’s specialty watchmakers, which include Vacheron Constantin, Jaeger-LeCoultre, A. Lange & Söhne, IWC Schaffhausen, Panerai, Piaget, and Roger Dubuis, reported sales of €873 million ($997 million), up 8% at constant exchange rates and 6% at actual exchange rates. Richemont said growth in the watch division was led by the Americas and Japan.

Company-wide, Richemont posted a 27% sales increase in the Americas—one of the top-performing regions—to €1.67 billion ($1.9 billion). Sales in Asia Pacific rose 21% to €2.07 billion ($2.36 billion), Europe increased 11% to €1.43 billion ($1.6 billion), Japan grew 36% to €632 million ($722 million), and the Middle East and Africa returned to growth, with sales up 3% to €530 million ($606 million). All percentages are at constant exchange rates.

Richemont said the Americas benefited from continued strength in local demand. In Europe, the company cited demand from both local customers and tourists, especially from North American and Middle Eastern clients. In the Asia Pacific region, Richemont said the jewelry maisons had double-digit sales increases in China, Hong Kong, and Macau combined.

Retail remained Richemont’s largest channel, with sales up 24% at constant exchange rates to €4.50 billion ($5.1 billion), representing 71% of group sales. Wholesale and royalty income rose 9% to €1.45 billion ($1.66 billion), while online retail increased 18% to €373 million ($426 million).

The company’s “other” business area, fashion and accessories—which includes Montblanc, TimeVallée, and Watchfinder & Co.—reported sales of €724 million ($827 million), up 9% at constant exchange rates.

Reuters, citing a Visible Alpha consensus, reported that Richemont’s quarterly sales exceeded analyst expectations of €5.90 billion ($6.7 billion), and that the company’s jewelry sales growth also came in above analysts’ expectations. Bloomberg reported that Richemont’s 20% constant-currency sales growth was nearly double its consensus forecast of 11%.

Richemont ended the quarter with net cash of €9.1 billion ($10.4 billion), up from €7.4 billion ($8.5 billion) a year earlier, including €400 million ($457 billion) in proceeds from the disposal of its stake in Avolta.

The JCK News Desk uses AI to help research and produce the first draft of articles. This story was then reviewed by staff writer David Blomquist.

Top: The Traditionnelle Twin Beat Perpetual Calendar from Richemont maison Vacheron Constantin