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2025-05-18 05:53:54
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cnbc.com_5 on Nostr: CNBC World ✍️ Richemont, a Swiss luxury group, reported better-than-expected ...



✍️ Richemont, a Swiss luxury group, reported better-than-expected sales, driven by its jewelry brands, despite a slowdown in the broader luxury sector.
👉 Richemont's jewelry brands are highly sought after by the world's wealthiest individuals
👉 The company's jewelry sales grew 11% in the fourth quarter
👉 Richemont's watch sales fell 13% in 2024 due to weakness in China
👉 The company's jewelry brands are positioned as long-term, if not lifetime, purchases
👉 The growth of the high-end jewelry market could be a positive sign for Richemont

#LucaSolca #JohannRupert #RussMould #Milan #Italy #China #Switzerland #business


The world's wealthiest are continuing to adorn themselves with the finest jewelry even as broader luxury shoppers pull back.
https://www.cnbc.com/2025/05/18/luxury-wealthy-shoppers-spend-on-jewelry-only-if-its-the-right-brand.html

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