Richemont Watch Sales Rise by 7% in the Third Quarter
Richemont has reported a positive performance for its watchmaking division in the third quarter of the 2025 financial year, which ended on 31 December. According to the group’s financial statement, sales of its watch brands increased by 7% year on year during the period from October to December.
The group’s watch portfolio comprises a broad range of high end and luxury manufacturers, including A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin.
For the second quarter in a row, Richemont recorded growth in the watch segment across the Americas as well as the Middle East and Africa, with sales in these regions rising at a double digit rate. The continued recovery in these markets is particularly significant for the group, as watch sales have been under pressure since reaching their peak during the 2022 to 2023 financial year.
Over the past twelve months, Richemont’s share price has increased by more than 23%, a performance largely supported by improving conditions in China. This upward trend was briefly interrupted by a decline of around 1.5% during morning trading on 15 January.
The third quarter also delivered strong results for Watchfinder & Co., Richemont’s specialist platform for pre owned luxury watches, which reported double digit sales growth. The group’s jewellery maisons, including Buccellati, Cartier, Van Cleef & Arpels and Vhernier, posted a 14% increase in sales at constant exchange rates.
Overall group sales rose by 11% to €6.4 billion for the quarter. Jewellery accounted for €4.8 billion of this total, while the watchmaking division generated €872 million.
Direct to consumer sales through Richemont’s retail network continued to outperform other channels, increasing by 12% and now representing 72% of total group revenue. Wholesale sales rose by 9%, supported by double digit growth across both jewellery and watch brands in all regions. Online sales increased by 5%, with growth driven primarily by the jewellery segment.
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