Richemont Sales Rise 11% to Record €6.4 Billion as Japan Drives Growth

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5.24.2026

Quick Facts

Richemont reported record Q3 2025 sales of €6.4 billion, up 11% at constant exchange rates
Japan sales jumped 17%, driven by strong local demand and tourist spending
Jewelry brands Cartier and Van Cleef & Arpels led growth with 14% increase

Richemont posted its highest quarterly sales ever in Q3 2025, with revenue reaching €6.4 billion. The 11% growth at constant exchange rates came as the luxury conglomerate benefited from strong performance in Japan and robust demand for its jewelry brands.

Japan emerged as a standout market with 17% sales growth. The increase came primarily from the company’s jewelry divisions, with local demand remaining strong and tourist spending providing additional support.

The company’s four jewelry brands – Cartier, Van Cleef & Arpels, Buccellati and Vhernier – accelerated growth to 14% during the quarter. The performance was fueled by iconic jewelry and watch lines, supported by new products that found strong success during the festive season.

Regional performance varied significantly. The Americas saw 14% growth driven by strong local demand across all business areas. Europe increased 8%, boosted by higher domestic demand and tourist spending from North American and Middle Eastern visitors.

Asia Pacific contracted 7%, largely due to an 18% decline in Mainland China, Hong Kong and Macau combined. However, other Asian markets improved, with Korea posting double-digit growth.

Richemont’s watchmaking division recorded its second consecutive positive quarter, with sales up 7%. Growth occurred across all regions, including double-digit performances in the Americas and Middle East & Africa.

Bernstein analyst Luca Solca called the results “a positive early signal for the return to health of the wider luxury sector.” He noted that Europe and Asia-Pacific excluding greater China “have both seen strong sequential improvements.”

Richemont shares closed 16.36% higher following the results announcement. Other luxury stocks including LVMH and Hermes also moved higher as investors viewed the performance as a positive signal for the sector during the holiday shopping period.

The results position Richemont as an outperformer in a challenging luxury market. Bain & Company estimates the global personal luxury goods market will be essentially flat in 2025, making Richemont’s 11% growth notable.