Cartier & Van Cleef Owner Richemont’s Jewellery Sales Double In Q1

Cartier & Van Cleef Owner Richemont’s Jewellery Sales Double In Q1
Photo: © Van Cleef & Arpels SA 2020 / Photography by Erik Madigan Heck

Swiss luxury group Richemont said its robust Q1 group results were led by the “outstanding performance” of its jewellery maisons, which include Buccellati, Cartier and Van Cleef & Arpels.

In the three-month period that ended 30th June 2021, Richemont’s jewellery sales more than doubled (+132%) year-on-year to €2.51 billion, and rose 38% versus 2019, at actual exchange rates. Sales progressed in most regions and across all channels, it noted.

Following a review of its governance model, the group decided that the senior executive committee will focus solely on strategic direction, capital allocation, governance, and the provision of central and regional functions. As a result, Cyrille Vigneron, President & Chief Executive of Cartier, and Nicolas Bos, President & Chief Executive of Van Cleef & Arpels, will step down from the senior executive committee and will not seek re-election to the board of directors, Richemont informed.

Transformable Normandie necklace, 1954 (sapphires, emeralds, diamonds). Normandie double éventail earrings, 1954 (sapphires, emeralds, diamonds). Transformable Zip necklace, 1951 (diamonds).

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