Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The buyer takes place in the jewelry display in the Van Clef & Arpels luxury store window, which is run by Cie. Richemont SA, on Via Montenapoleone in Milan, Italy.
Bloomberg | Gets the image
With the help of a diamond ring here and a rare necklace with precious stones there, the richest in the world decorate themselves with the best jewelry, even if the wider buyers of luxury retreat.
But don’t be mistaken, one pearl bracelet should not be confused with the other. As the super rich grows even more selectively, more and more are the best.
This writes positive news for the Swiss luxury group RichemontWhich boasts some of the most sought after market of luxury jewelry, including Van Cleef & Arpels, BuCCELATI and Cartier.
“Richemont jewelry brands are really on top of consumer desirability,” said Luca Solca, head of the global luxury goods sector in Bernstein, Squawk Box Europe.
“No discussion. Despite LVMH’s efforts to challenge this guide, I think other brands are clearly lagging behind.”
Richemont on Friday report Better than expected, sales in the fourth quarter, which headed 11% growth in its Maisons jewelry. During the year, jewelry was also the strongest segment of the group, which increased by 8%.
The results twist the season of results in which basic luxury names Lvhm by Dry and Sherber The sales slowdown in a quarter -factor, counting the hopes for a turn in the battle sector earlier, was reported.
Sales in the Watches Division and LVMH jewelry in the first quarter were flat year after year, decreased by 2% on organic basis in 2024 among softer demand for key brands such as Tiffany & Co, Bvlgari, Tag Heuer and Hublot.
“We get a share of the market in jewelry products from branded and unauthorized companies,” said Chairman Richmont Johann Rupert on Friday.
The clock falls out of fashion
Despite the constant attractiveness of its jewelry brands, but Richemont is not at all insured against wider windy winds.
The performance of his specialized division of clock manufacturers, which presents Piaget and Roger Dubois, draws a more nuanced picture. In 2024, Richemont sales decreased by 13%, heading mostly weakness in China. Such a reduction rate decreased only in the second half of the year, thanks to restoring power in America.
“The Global Clock Market felt a slowdown in volume. It led the weakness of demand in China, with greater resistance of high-end prices segments,” the company said.
All and their dog bought a clock from Covid-19, and it will take some time to digest.
Luca solca
Sector of heads of global luxury goods in Bernstein
Next, clutching the picture, many other premium watches, including Rolex, Patek Philippe and Audemars Piguet, have private ownership, which impedes their performance for decoding.
Macroeconomics in Baku, Solca Bernstein said that the main nature of the luxury clock market is usually located as long-term, if not lifelong purchases makes it slow rebound.
“All and their dog bought a CVID-19 watch, and it will take some time to digest. So I wait that the hours will be on my back for a while,” he said.
“People buy jewelry more often, and jewelry also becomes cheaper compared to handbags last year, hence the best dynamics in this category.”
Possible winds
Growth of high -end jewelry market compared to other high fashion brackets, such as fashion and leather products, can stand in Richemont on a good detention against the background of the addressed world shopping wind.
Rupert Richemont said on Friday that the company would not take prices rising that could not withstand, opposed pricing warnings are increasing Another luxury and jewelry players.
Cartier, unit Cie. Richemont SA, luxurious hours sitting at an exhibition in the store.
Bloomberg | Gets the image
“Business is increasingly dependent on its jewelry and will hope that the power of its brands in the field will support it,” said Russia Mold, Director of Aj Bell on Friday.
However, analysts warn that the company may still face problems that threaten the market domination.
“Richemont continues to face several significant winds, including the durability of the Swiss Franco against the dollar, higher prices for gold and the influence of tariffs,” the MOL added.
