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Richemont, owner of Cartier, reports a 7% sales jump to €5.17 billion, driven by U.S. jewelry sales.
Richemont, the luxury goods company owning brands like Cartier, reported a 7% increase in quarterly sales, reaching €5.17 billion, primarily due to strong jewelry sales in the U.S., which offset a 11% decline in watch sales, mainly due to weaker demand in China.
Despite an overall profit decline for the year, the company's jewelry division saw significant growth, making Richemont more resilient to economic downturns compared to other luxury groups.
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Richemont, propietario de Cartier, informa un salto de ventas del 7% a 5.17 mil millones de euros, impulsado por las ventas de joyería en los Estados Unidos.