Jewellery sales at luxury conglomerate Richemont rose 14 per cent in the three months ending December 31, 2024, fuelled by a robust festive season performance.

Richemont, which owns Buccellati, Cartier, Van Cleef & Arpels and Vhernier, said group sales were up 10 per cent from 2023, with marked improvements across all business areas led by its luxury jewellery business. 

The group described its latest results as a “very solid end to the calendar year,” with Q3 figures being the “highest-ever quarterly sales” at €6.2 billion (around HK$50.7 billion).

Sales saw double-digit growth in the Americas, Europe, the Middle East and Africa, and Japan while a slower decline was recorded in Asia Pacific amid challenges in demand from China.

Meanwhile, all distribution channels recorded a rise in sales. Retail sales increased by 11 per cent, with growth in almost all regions, led by the jewellery maisons – further raising its contribution to 71 per cent of group sales, revealed Richemont. Online retail sales were up 17 per cent, also led by its jewellery business. 

Richemont said jewellery sales were fuelled by the performance of iconic jewellery lines supported by novelties, which met a strong success, particularly during the festive season. Sales progressed across all channels and almost all regions, with the strongest contribution to growth coming from the Americas and Europe.