DECRYPTAGE – Sales of the jeweler, one of the world’s leading luxury brands, rose by 4% this summer, while most of its rivals are marking time.
Trees may not reach for the sky, but the sturdiest retain their proud appearance when the weather turns cloudy. In a luxury market in upheaval, Cartierthe group’s powerhouse Richemont (Cartier, Van Cleef & Arpels, IWC, Jaeger-LeCoultre, Piaget, Chloé…), confirms that it is one of the most resilient brands in the sector.
In the first six months of the 2024-2025 financial year (ending September), sales of Richemont’s jewelry division, three-quarters of which is generated by Cartier, rose by 4% to over 7 billion euros. While luxury players have almost all experienced a stronger-than-expected slowdown in activity this summerthe king of jewelers maintained its growth rate over the period.
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At the same time, Louis Vuitton, the world’s leading luxury brand, saw its sales fall by 5%. Gucci, which has been struggling for several years, plunged by 21%. Only…
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