Van Cleef & Arpels and Cartier Jewelry Lead Owner Richemont to Financial Quarter Gains

Jewelry remains a bright spot in the luxury industry for conglomerate Richemont SA, home to Van Cleef & Arpels (VCA), Cartier, Buccellati, and Vhernier, as well as multiple fashion and timepiece brands. Led by the success of its jewelry labels, for the quarter ending June 30, 2025 (Richemont’s Q1), revenues rose 6% at constant exchange rates (3% at actual rates).

Image courtesy: @emiliopucci_

The results were buoyed by Richemont’s jewelry business line, which saw revenues rise 11% at constant exchange rates (7% at actual exchange rates) compared to the same quarter last year. Its watchmaking business dropped 7% year-over-year while the fashion lines, which include now-red-hot Alaia, saw a 1% decline.

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Even as luxury fashion faces economic and geopolitical headwinds, elite clients are turning to or continuing to purchase high-end branded jewelry like VCA and Cartier. Richemont reaped this success in most geographic areas. The Americas, Europe, and the Middle East & Africa regions all reported double-digit growth, 17%, 11%, and 17% (at constant rates), respectively. Sales in Asia Pacific and Japan declined.