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Monterey 2026 closed at a record USD 758.3 million, up 75% on last year. But sell-through was flat at 75%: the same proportion of cars sold, at much higher prices. A supply story wearing a demand headline.
The global appetite for exceptional gemstones continues to flourish as Sotheby’s latest High Jewelry auction in New York delivered remarkable results for some of the world’s most coveted treasures.
While rare colored diamonds attracted significant attention, it was a collection of extraordinary Paraíba tourmalines that captivated collectors and highlighted the growing fascination with rare luxury jewelry among the world’s wealthiest buyers.
Richemont has reinforced its position as one of the dominant forces in luxury jewelry, reporting strong fiscal year results driven by exceptional performance from its prestigious jewelry maisons.
The owner of Cartier, Van Cleef & Arpels, Buccellati, and Vhernier generated €22.4 billion in annual sales for the fiscal year ending March 31, reflecting continued appetite for high jewelry among the world’s most affluent consumers.
For the 1%, luxury jewelry remains one of the most coveted categories within personal luxury, combining artistry, heritage, and enduring value. Richemont’s latest results highlight how demand for exceptional craftsmanship continues to shape the global luxury landscape.
Jewelry Continues to Lead Luxury Growth
Richemont’s jewelry division delivered €16.5 billion in annual sales, representing an 8 percent increase at actual exchange rates and 14 percent growth at constant exchange rates.
The opening of The 1916 Company’s new showroom in Manhattan Beach signals a refined evolution in the world of luxury jewelry and collectible timepieces.
In the evolving world of luxury jewelry, heritage has become one of the most powerful expressions of value.
