Richemont, the Switzerland-based luxury group controlled by the Rupert family, reported a strong performance for the first quarter of its 2027 financial year.Sales rose 20% at constant exchange rates to €6.3bn, driven by robust growth in its jewellery business and improving demand for watches.

The Jewellery Maisons division, which includes Cartier and Van Cleef & Arpels, saw a 24% sales increase, reinforcing its role as the primary growth driver.The Specialist Watchmakers division also showed improvement, with an 8% sales rise compared to a 4% decline in the previous year.Growth was recorded across all regions, including the Americas, Asia Pacific, Europe, and the Middle East and Africa.Retail sales surged 24%, while online and wholesale channels also grew.Despite global economic uncertainty and rising costs, Richemont continues to invest in its luxury brands, maintaining a net cash position of €9.1bn.The results highlight sustained demand for its jewellery brands and ongoing recovery in the watch sector.