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2025-05-18 05:57:21

Layer3.news on Nostr: CNBC World WEALTHY SHOPPERS ARE SPLASHING THE CASH ON JEWELRY — SO LONG AS IT'S THE ...


WEALTHY SHOPPERS ARE SPLASHING THE CASH ON JEWELRY — SO LONG AS IT'S THE RIGHT BRAND


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✍️ Richemont's jewelry brands, including Van Cleef & Arpels, Buccellati, and Cartier, continue to attract the world's wealthiest individuals, despite a slowdown in the broader luxury market.
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👉 Richemont's jewelry brands are highly sought after by the world's wealthiest individuals.
👉 The company's Jewellery Maisons division reported 11% growth in the fiscal fourth quarter.
👉 The growth of the high-end jewelry market could help Richemont navigate resurging global trade headwinds.
👉 The company's watch sales fell 13% in 2024, and the luxury watch market is expected to remain slow to rebound.

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