Richemont Sales Surge 10% in First Half, Despite Rising Gold Prices

LONDON – Cartier parent Richemont reported sales grew 10 percent at constant exchange to 10.62 billion euros in the first half despite a raft of challenges ranging from gold prices to geopolitical events.

At reported exchange, sales were up 5 percent in the six months to Sept. 30, while the second quarter was a standout at the group, home to brands including Van Cleef & Arpels , IWC, Alaïa and Chloé.

In the three-month period, all regions delivered double-digit growth at constant exchange due to “sustained local demand” and despite a series of price tweaks aimed at mitigating the impact of higher gold prices, and U.S. tariffs.

In China, Hong Kong and Macau, sales “stabilized” in the first half, and rose 7 percent in the second quarter at constant exchange rates, with sales of fin