Luxury group Richemont reported a strong first-half performance, driven primarily by robust growth in its jewellery brands, which include Cartier and Van Cleef & Arpels.

Overall sales during the period ending September 2022 rose 24 per cent, with all business areas and channels exhibiting double-digit year-on-year increases, while operating profit from continuing operations was up 26 per cent. Jewellery maisons meanwhile achieved 24 per cent sales growth. Richemont cited improved momentum in Asia Pacific.

“With higher sales in all regions and distribution channels, our jewellery maisons – Buccellati, Cartier and Van Cleef & Arpels, reaffirmed their leading position,” noted Richemont. “To further support their strong development, manufacturing sites are being expanded, operational teams reinforced, and communication initiatives intensified. Their superior growth was driven by the retail channel, which generated over three quarters of the maisons’ sales.”

Contributing to strong sales were a relaunched silver offer at Buccellati as well as its well-loved collections, Opera Tulle and Macri; iconic jewellery collections such as Clash and Trinity by Cartier; and Alhambra and Fauna by Van Cleef & Arpels

There were also new store openings during the period, including Buccellati in Shin Kong Place in China and Singapore; Cartier in nanjing Mixc City Mall in China; and Van Cleef & Arpels in Auckland and San Francisco, in addition to the opening of the Korean flagship store in Seoul.