Richemont reported a strong performance in the first half of its fiscal year, driven by improving demand for luxury jewellery and a recovery in China. The Swiss luxury group — owner of Cartier, Van Cleef & Arpels, Buccellati, and Vhernier — saw sales momentum accelerate across key global markets.

Revenue from its four jewellery maisons rose 9% year-on-year to EUR 7.75 billion (USD 9 billion) for the six-month period ending September 30. Operating profit for the segment also increased 9% to EUR 2.54 billion (USD 2.95 billion).

The growth was supported by strong demand across regions for both jewellery and watch collections. Richemont also implemented selective price increases to offset rising metal costs, currency fluctuations, and the initial effects of US import tariffs.

• Regional Performance
• United States: Revenue jumped 15%, expanding the US share of total sales to 23%.
• Europe: Sales increased 12%.
• Middle East & Africa: Up 18%, reflecting strong luxury spending.
• Asia Pacific: Growth of 6%, driven partly by improving consumer sentiment in China.
• Japan: Sales declined 3%, with part of demand shifting to Hong Kong.

Richemont CEO Nicolas Bos highlighted stabilizing market conditions in China, with improved domestic spending and a notable return of Chinese luxury shoppers overseas. The company also observed a shift of sales from Japan back to Hong Kong during the second fiscal quarter.

Total Richemont group sales for the period increased 5% year-on-year to EUR 10.62 billion (USD 12.34 billion). Net profit surged nearly fourfold to EUR 1.81 billion (USD 2.11 billion), compared with EUR 457 million a year earlier — largely driven by the robust performance of its jewellery portfolio.