Richemont’s jewellery division continued to power the luxury group’s performance in FY2026, with its Jewellery Maisons posting combined sales of €16.5 billion, up 14% at constant exchange rates and 8% at actual rates, reinforcing their leadership in both jewellery and watches.
The group’s jewellery portfolio, comprising Cartier, Van Cleef & Arpels, Buccellati and Vhernier, accounted for 74% of total group sales and delivered an operating profit of €5 billion, translating into a robust operating margin of 30.5%.
Richemont Chairman Johann Rupert said demand remained strong across all geographies despite a volatile geopolitical and macroeconomic backdrop. Higher gold prices and currency headwinds prompted measured price increases, while the maisons continued to invest in brand desirability, retail expansion and operational discipline.
Cartier maintained strong momentum during the year, supported by high-performing jewellery and watch collections, strategic boutique openings and impactful campaigns. The maison introduced the Love Unlimited bracelet and ring, expanded its global retail presence with openings in Tokyo, Seoul and key airport locations, and continued to build traction around its high jewellery offering, including the En Équilibre collection unveiled in Stockholm.
Van Cleef & Arpels strengthened its global footprint through boutique openings and upgrades across Europe, the Middle East, Asia and the US. The maison enriched its creative universe with new jewellery collections such as Fleurs d’Hawaï and Flowerlace, while outlining plans to enter new markets including India and Türkiye in the coming years.
Italian high jeweller Buccellati continued to scale its international presence with seven boutique openings during the year across markets including Dubai, Singapore, Macau and Lisbon. The brand also expanded product offerings across its high jewellery and Icona collections and confirmed plans for further retail growth in Europe, the Middle East and Asia Pacific.
Vhernier, acquired by Richemont in 2024, advanced its integration within the group while expanding core collections such as Mon Jeu Maxi, Pirouette and Freccia Midi. The maison opened its first mono-brand boutique in Asia and is investing in a broader directly operated retail network across Europe, the US, the Middle East and Asia.
At group level, Richemont reported FY2026 sales of €22.4 billion, up 11% at constant exchange rates, with jewellery remaining the clear growth engine of the business.
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Shaping India’s $100 Billion Gems & Jewellery Future
At the Chintan Shivir on the 2040 Roadmap, Commerce Secretary Shri Rajesh Agrawal outlined a vision to grow India’s gems & jewellery sector from ~$29B to $100B, driven by innovation, technology, design, global branding.
Shaping India’s $100 Billion Gems & Jewellery Future
At the Chintan Shivir on the 2040 Roadmap, Commerce Secretary Shri Rajesh Agrawal outlined a vision to grow India’s gems & jewellery sector from ~$29B to $100B, driven by innovation, technology, design, global branding.
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