Watches up 7% as Richemont beats sales expectations

Richemont has beaten expectations by reporting an 11% increase in constant currency sales during its third quarter.

Helped by an improving demand situation in China, the luxury company, whose portfolio brands include Cartier, Van Cleef & Arpels, and Panerai, said its sales from September to December 2025 increased to €6.40 billion from €6.15 billion in the same period in 2024. 

Jewellery was pivotal to its growth, with the company reporting a 14% increase in sales for this segment during the period in question. And watches also held their own, reportedly seeing sales increase by 7%.

“Sales in China, Hong Kong and Macau combined were up by 2%, mostly led by solid activity in Hong Kong,” Richemont said. It was the company’s second consecutive positive quarterly reading from China.

Richemont’s impressive results, albeit with the context of being skewed by the Asian market and coming from a company with a diverse and vast luxury portfolio, represent a much-needed fillip for the watch industry as it attacks 2026. 

Recent reports of financial troubles at UK retailer C.W. Sellors and US department store Saks have shaken confidence, but will hopefully be viewed as isolated and specific problems.