Swiss luxury goods group Richemont has reported first-quarter sales of €6.33 billion for the period ended 30 June 2026, marking a 20% increase at constant exchange rates and 17% growth at actual exchange rates compared with the same period last year. The results exceeded market expectations, with the group's jewellery business remaining the primary growth driver.

Richemont's Jewellery Maisons, comprising Cartier, Van Cleef & Arpels, Buccellati and Vhernier, recorded a 24% increase in sales during the quarter. The performance highlights continued consumer demand for branded fine jewellery despite ongoing macroeconomic and geopolitical uncertainties affecting the wider luxury sector.

The group's Specialist Watchmakers business posted 8% sales growth, while Other Businesses, including fashion and accessories brands, reported a 9% increase during the quarter, indicating broad-based growth across Richemont's portfolio.

Geographically, Japan led regional performance with 36% growth, followed by the Americas at 27% and Asia Pacific at 21%. Europe recorded 11% growth, while the Middle East and Africa registered a 3% increase despite continued geopolitical challenges.

According to the company, growth was supported by strong performances across both retail and wholesale channels and healthy demand in major luxury markets. The results also surpassed analysts' forecasts, reinforcing investor confidence in the resilience of the global luxury jewellery segment.

For the diamond and jewellery industry, Richemont's latest quarterly performance underscores the continued strength of branded jewellery as a key driver of luxury demand. While discretionary spending remains uneven across several consumer categories, the sustained momentum of the group's jewellery maisons points to continued appetite for high-value jewellery, providing a positive indicator for the global diamond and fine jewellery trade ahead of the upcoming earnings season.