Swiss brand Richemont, which owns prestigious brands such as Cartier, Buccellati, and Van Cleef & Arpels, achieved an impressive 6% increase in jewellery sales (at actual exchange rates) during the financial year from April 2023 to March 2024, surpassing €14 billion in revenue. The company’s jewellery division posted a robust operating margin of 33.1%.
However, Kering’s jewellery division, which includes Boucheron, Pomellato, DoDo and Qeelin, together, delivered better performance than the luxury fashion brands. Notably, Boucheron grew by a double-digit percentage. Its classic collection Quatre, celebrating its 20th anniversary, drove sales in the first quarter.
Read Luxuryvolt’s jewellery market analysis here
