Third-quarter sales at luxury conglomerate Richemont were up 8 per cent, with its jewellery arm recording a double-digit growth amid business disruptions, particularly in China.

Jewellery sales rose 11 per cent, driven largely by strong market demand across Buccellati, Cartier and Van Cleef & Arpels, revealed the company. Solid growth posted by jewellery maisons also helped offset a 3 per cent sales reduction at Richemont’s Specialist Watchmakers division.

“All channels and regions posted growth except for Asia Pacific,” explained Richemont, adding that China’s underperformance throughout the pandemic had a significant impact on its businesses.  

Japan led Richemont’s Q3 growth, followed by Europe, thanks to solid domestic sales and gradual return of tourism. Sales in the Middle East and Africa region as well as the US were also positive while Asia Pacific recorded a 9 per cent decline.