Richemont jewelry sales rise 21% as double-digit streak extends to seven quarters
Richemont’s jewelry maisons posted €4.73 billion in sales, extending a seven-quarter double-digit streak as retail and regional demand stayed broad.
Richemont’s jewelry maisons kept the group’s momentum intact, delivering €4.732 billion in sales in the quarter ended 30 June 2026, up 21% at actual exchange rates and 24% at constant exchange rates. The performance marked the seventh straight quarter of double-digit growth for the division and lifted group sales to €6.33 billion, ahead of Visible Alpha consensus of about €5.89 billion to €5.90 billion.
The strength was broad rather than symbolic. Richemont said retail sales rose 24% at constant exchange rates, online retail climbed 18% and wholesale and royalty income increased 9%, with double-digit growth across Europe, the Americas, Asia Pacific and Japan. The Middle East & Africa returned to growth as well. Inside the portfolio, the jewelry maisons, Buccellati, Cartier, Van Cleef & Arpels and Vhernier, remained the clearest expression of Richemont’s pull at the top end of the market.
Specialist Watchmakers rose 8% at constant exchange rates to €873 million, a solid figure but one that leaves no doubt about where the company’s center of gravity sits. Jewelry was the sharper engine. Richemont’s total sales growth also accelerated from the preceding quarter, when it had already posted 13% growth, and from the quarter ended 30 June 2025, when Jewelry Maisons rose 11% at constant exchange rates and group sales increased 6% to €5.4 billion.
Richemont ended the period with a robust net cash position of €9.1 billion, including a €0.4 billion cash inflow from the disposal of its Avolta stake. The company said the environment remained volatile and raw material costs elevated, but the numbers still point to a category that is proving unusually durable. In a tougher luxury landscape, Richemont’s jewelry maisons are still drawing demand through craftsmanship, brand power and a price ladder that reaches from daily signature pieces to high jewelry meant to last for generations.
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