Officials Missionary So We Can Keep Arguing Tee Shirt
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Richemont-owned Cartier continues to prove resilient and outperform the market. Although Richemont does not break out figures for its individual jewellery houses, sales at its jewellery division, which includes Cartier, Van Cleef & Arpels, Buccellati and Vhernier, grew 11 per cent in the first quarter of the year. Cartier sales for fiscal year 2025, meanwhile, hit €11.1 billion, per Morgan Stanley estimates, making it the world’s largest jeweller. Jewellery represented 63 per cent of Cartier’s sales (with high jewellery contributing 10 per cent), watches 31 per cent, and other categories including leather goods, eyewear and fragrance comprising 6 per cent, per Morgan Stanley. The company is looking at how to mitigate the impact of US tariffs, including potential price rises. Group chair Johann Rupert stressed it would keep these to a minimum.Officials Missionary So We Can Keep Arguing Tee Shirt
The hard luxury sector is facing macro headwinds, including a slowdown in China, rising gold prices, a strong Swiss franc, looming US tariffs and a downturn in the watches category. Though Cartier is bucking some of the problems facing the rest of the luxury sector. The strategy of revitalising jewellery and watchmaking icons, led by former CEO Cyrille Vigneron and then furthered by his successor Louis Ferla, has paid off. “We have foundations that are undeniable. The fact that we have an approach rooted in continuity, driven by long-term thinking and the creation of long-term value — I think that’s one of the key elements of the company’s success,” Carrez says. “Now, the context is what it is, so we have to demonstrate agility and continuously adjust ourselves.”
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