Richemont delivered stunning holiday quarter performance with luxury jewelry sales up 14%, while Signet reported holiday ...

Richemont sales unexpectedly jumped by double digits during the holiday shopping season as consumers splurged on Cartier jewelry, a tentative sign that demand for luxury goods may be recovering.

Richemont reported better-than-expected quarterly sales, triggering a rally in luxury stocks, after its core jewelry division bucked a downturn in demand for high-end goods.

WHAT TO WATCH: -- JEWELRY RESILIENCE: The strength of Richemont lies in its exposure to jewelry, which is a popular category, as it is seen as a long-term investment purchase, Barclays analysts ...

In its retail channel, third quarter sales grew 11%, led by Richemont’s jewelry houses. This division, which includes Buccellati, Cartier, Van Cleef & Arpels and Vhernier, makes up 71% of the ...

Furthermore, Richemont’s brands are set to capitalize on the trend of consumers gravitating towards branded jewelry with strong legacy and timeless appeal. The strategic focus on innovation and ...

Compagnie Financière Richemont SA, an investment holding company ... It is involved in the design, manufacture, and distribution of jewelry products, precision timepieces, watches, writing ...

Investing.com -- Luxury goods group Compagnie Financière Richemont (SIX:CFR) has been upgraded to a "buy" rating by analysts at TD Cowen, citing strong prospects for its jewelry division ...

The owner of Cartier, Piaget, Chloe and Montblanc saw an uptick in US and European sales, as well as smaller declines in ...

Of Richemont’s business segments, jewelry maisons, including Van Cleef & Arpels, contributed the most to growth. Watches, on the other hand, were trailing behind, contracting 8%. Sales in the ...

The struggling European luxury-goods sector roared to life Thursday after Richemont reported its highest-ever quarterly sales as it blew by analyst estimates. Richemont, whose brands include ...

Investing.com -- Luxury goods group Compagnie Financière Richemont (SIX:CFR) has been upgraded to a "buy" rating by analysts at TD Cowen, citing strong prospects for its jewelry division, particularly ...