Richemont, a prominent force in the luxury market, has showcased remarkable financial resilience, achieving an 11% surge in sales for the third quarter of 2025. This impressive growth was recorded at constant exchange rates, reflecting the company's underlying strength despite various global headwinds. The luxury conglomerate's performance was consistently positive across all geographical segments, signaling a broad-based demand for its high-end products.
A closer examination of the regional performance reveals significant achievements. The Americas region led the charge with a substantial 14% increase in sales, driven by robust local consumer spending that benefited all business categories and key markets. Europe also experienced healthy growth, with an 8% rise in sales, largely supported by domestic demand and a welcome influx of tourism, particularly from North American and Middle Eastern visitors. The Middle East & Africa region emerged as the top performer, registering an exceptional 20% growth, with the United Arab Emirates market being a primary contributor to this success. Even in Asia, a region that has faced its share of complexities, sales climbed by 6%, with both Jewellery Maisons and Specialist Watchmakers contributing to the uplift. Specifically, sales in mainland China, Hong Kong, and Macau collectively saw a 2% improvement.
Diving into the performance of Richemont's distinct business divisions, the Jewellery brands, including esteemed names like Buccellati, Cartier, Van Cleef & Arpels, and Vhernier, were the main catalysts for the quarter's strong results. These brands collectively boosted sales by 14%, continuing a trend where the jewellery sector outperforms the watchmaking division. Nonetheless, the watchmaking segment also demonstrated a positive trajectory, marking its second consecutive quarter of growth with a 7% increase in sales. This growth was widespread across all regions, with double-digit performances observed in the Americas and the Middle East & Africa, indicating a revitalized interest in luxury timepieces.
For the cumulative nine-month period ending December 2025, Richemont's total sales reached EUR 17.0 billion, representing a 10% increase at constant exchange rates. This sustained growth underscores the company's ability to thrive even in a challenging macroeconomic climate characterized by fluctuating currency values and increasing raw material costs, which have exerted pressure on profit margins. The luxury group's strategic positioning and diverse portfolio appear to be key factors in navigating these difficulties and maintaining a positive growth trajectory.
Richemont's latest quarterly report highlights a strong and consistent upward trend in its financial performance, with notable contributions from its jewellery brands and a resurgence in its watchmaking divisions across diverse global markets.