Richemont jewelry sales rise 24 percent amid high gold prices

Despite record-high gold prices and broader economic instability, the fine jewelry sector is experiencing significant growth. Luxury consumers are increasingly viewing jewelry as both a durable investment and a lasting heirloom, leading to sales that are outpacing other luxury categories like leather goods and ready-to-wear fashion.

In the first quarter of fiscal 2026-27, Richemont reported a 24 percent increase in sales across its four jewelry houses: Cartier, Buccellati, Van Cleef & Arpels, and Vhernier. This growth was observed in nearly every market, with the exception of the Middle East. Analysts suggest that the perceived value of precious metals allows the company to appeal to both the ultra-wealthy and middle-class consumers seeking long-term value.