Richemont Begins FY2027 with Exceptional Momentum as Luxury Jewelry Powers Global Growth
Richemont has opened its 2027 financial year with an outstanding first quarter, reinforcing the enduring strength of luxury jewelry as one of the most resilient segments of the global luxury market. The owner of Cartier, Van Cleef & Arpels, Buccellati and Vhernier reported sales of €6.3 billion for the quarter ended June 30, 2026, representing growth of 20 percent at constant exchange rates and 17 percent at actual exchange rates.
For Ultra High Net Worth Individuals, this performance reflects a broader evolution in luxury consumption. According to global wealth research from Altrata, there are now more than 426,000 Ultra High Net Worth Individuals worldwide, collectively controlling trillions of dollars in private wealth. At the same time, Bain & Company and Altagamma continue to identify luxury jewelry as one of the strongest performing categories within personal luxury goods, driven by demand for exceptional craftsmanship, rarity and enduring heritage.
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With a carefully curated fleet of bespoke motor cars positioned at some of St Tropez’s most prestigious hotels and beach clubs, Rolls Royce continues to redefine how luxury is experienced beyond the showroom.
Luxury Jewelry Continues to Lead Richemont's Portfolio
The group’s Jewellery Maisons once again delivered the strongest performance across Richemont’s business.
Sales from Cartier, Van Cleef & Arpels, Buccellati and Vhernier reached €4.7 billion during the quarter, increasing 24 percent at constant exchange rates and 21 percent at actual exchange rates. The company attributed this performance to broad based growth across every Maison, every geographic region and every sales channel. Continuous product innovation and the enduring appeal of iconic jewelry and watch collections also contributed to the results. This also marked the seventh consecutive quarter of double digit growth for the Jewellery Maisons.
For the world’s wealthiest collectors, luxury jewelry continues to represent far more than personal adornment. High jewelry creations combine artistic heritage, exceptional gemstones and lasting value, qualities that increasingly resonate with sophisticated collectors seeking tangible luxury assets.
Global Demand Expands Across Every Major Region
Richemont recorded growth across every geographic market during the first quarter.
The Americas delivered the strongest regional performance with sales increasing 27 percent, supported by continued local demand across all business areas.
Asia Pacific followed with 21 percent growth as Hong Kong, Macau, South Korea and Taiwan contributed to higher sales throughout the region.
Japan reported remarkable growth of 36 percent, while Europe increased 11 percent through a combination of local demand and international tourism. Middle East and Africa also delivered positive growth of 3 percent during the quarter.
The Americas and Asia Pacific generated the largest absolute contributions to Richemont’s quarterly revenue growth, adding €337 million and €335 million respectively. Overall quarterly revenue increased by €917 million compared with the same period last year.
Direct Client Relationships Continue to Strengthen
One of the defining characteristics of today’s luxury jewelry market is the increasing importance of direct client relationships.
Richemont reported that 77 percent of total sales now come through direct to client channels, an increase of 200 basis points from the previous year. Within its Jewellery Maisons, approximately 85 percent of sales are generated directly with clients, demonstrating the growing importance of flagship boutiques, personalized service and exclusive client experiences.
Retail sales increased 24 percent during the quarter while online retail advanced 18 percent, highlighting how digital engagement now complements the traditional boutique experience for affluent collectors.
Financial Strength Supports Long Term Growth
Richemont also ended the quarter with a robust net cash position of €9.1 billion, up from €7.4 billion a year earlier. This financial strength provides continued support for investments in craftsmanship, manufacturing, boutique expansion and client experiences across its portfolio of luxury jewelry maisons.
Alongside its jewelry division, Specialist Watchmakers generated €0.9 billion in sales with growth of 8 percent at constant exchange rates, while the group’s other luxury businesses increased 9 percent.
What This Means for the One Percent
For Ultra High Net Worth Individuals, Richemont’s first quarter results reinforce the enduring appeal of heritage luxury jewelry brands that continue to invest in creativity, craftsmanship and direct relationships with clients.
As global wealth continues to expand and family offices increasingly allocate capital toward collectible luxury assets, high jewelry remains one of the most desirable categories for preserving legacy while expressing personal style.
Richemont’s exceptional opening quarter illustrates how the world’s leading jewelry maisons continue to define excellence through innovation, timeless design and uncompromising savoir faire, qualities that continue to resonate with the one percent.
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