Richemont Q3 Jewelry Sales Rise 8%

Quarterly sales at Swiss luxury goods group Richemont increased 10 percent at actual exchange rates compared to the prior year. At constant exchange rates, sales increased by 15 percent. The firm did not release figures for the period.

The jewelry Maisons Cartier and Van Cleef & Arpels reported 13 percent growth in underlying sales during the quarter. At actual exchange rates, however, growth was limited to 8 percent for the quarter. Both Maisons reported excellent growth in the Asia-Pacific region and in the United States, though, did not supply any specific figures.

All of Richemont’s specialist watchmakers reported underlying double-digit sales growth. Panerai, A. Lange & Sohne, IWC and Jaeger-LeCoultre reported the strongest growth during the three-month period.

Cumulative sales for the nine-month period to 31 December 2006 increased by 13 percent at actual exchange rates to € 3,855 million. At constant exchange rates, sales increased by 17 percent. Sales by the jewelry Maisons increased during the nine month period by 14 percent at constant exchange rates and at actual exchange rates.