Richemont delights with increased sales: jewelry is booming, watches are weakening!

Richemont delights with increased sales: jewelry is booming, watches are weakening!

Richemont, the renowned jewelry and watch group, achieved a remarkable jump in sales of 3 percent to 5.41 billion euros in the first quarter of the 2025/26 financial year. This increase corresponds to the average market expectations and is all the more pleasing when one considers that, adjusted for currency effects, there was an increase of 6 percent, reports FashionNetwork.

The jewelry sector was particularly strong, increasing by 7 percent to 3.91 billion euros, while the watch business fell by 10 percent to 824 million euros, despite all the challenges. These numbers are important not only for Richemont, but also for the entire industry, as they reflect a trend that has been observed since 2021.

Regional development and market trends

Growth is in double digits in Europe, America and the Middle East and Africa, which shows that Richemont has the right instinct and is doing well here. Sales remained stable in the Asia-Pacific region, particularly in Japan. However, there were high comparable figures from the previous year, which led to a decline. This shows that the market there is not that easy to navigate. Bluewin highlights this by analyzing that growth is visible in all market regions except Asia-Pacific.

The watch and jewelry industry has also experienced an upswing in Germany, with sales of between 4 and 5 billion euros annually. A record value of over 5.3 billion euros was reached in 2023. On average, German households spend more because jewelry and watches often remain in use for many years Statista reported.

Market analysis and online sales

An interesting aspect is the fact that Richemont's online division was sold at the end of April 2025 and is therefore no longer included in these figures. This decision could have a significant impact on future sales development. Analysts on average forecast 5.41 billion euros in total sales for the first quarter, 3.86 billion euros in jewelry and 832 million euros in watches, showing that Richemont has met expectations.

In summary, Richemont continues to play an important role in the luxury goods market. The jewelry sector in particular remains highly popular, while the watch business has its challenges. However, in a market where watches are viewed as luxury items, the influence of integrated watches in smartphones could bring about some changes, as evidenced by the evolution of the industry. The next few months will show how Richemont and the entire industry will continue to develop.