Jewellery sales at luxury conglomerate Richemont saw a double-digit growth in the first fiscal quarter, thanks to a strong performance in major markets.

The company’s jewellery houses – Buccellati, Cartier, Van Cleef & Arpels and Vhernier – reported an 11 per cent year-on-year increase in sales to €3.9 billion (around US$4.6 billion) during the fiscal quarter ending June 30, 2025. This marked the third consecutive quarter of double-digit growth, supported by both jewellery and watch product lines across all regions except Japan.

Total sales rose 6 per cent year on year, led by robust jewellery demand, demonstrating the company’s resilience amid ongoing global economic and geopolitical volatility.

Strong double-digit growth in overall sales was recorded in Europe, the US, the Middle East and Africa, driven by solid demand from local clients and an increase in tourist spending. The Asia Pacific region, meanwhile, posted steady sales.

Sales in Japan however dropped by 15 per cent against a high prior-year base, exacerbated by a strengthening yen that significantly reduced tourist spending, particularly among Chinese buyers.