Richemont posted €6.3bn in sales for the three months to end‑June, an 20% organic rise that outstripped analysts’ 11% forecast. The Swiss luxury group, owner of Cartier and Van Cleef & Arpels, has logged seven straight quarters of double‑digit growth in its jewellery arm, driving the stronger-than‑expected performance.

Growth was led by Japan, where sales jumped 36% year‑on‑year, and the Americas, up 27%. Jewellery sales were the biggest engine, rising 24% organically, while the watch division grew 8% and the fashion brands Chloé and AlaïaFFT rose 9% on a like‑for‑like basis.

Despite a subdued market for handbags, shoes and fashion, Richemont slipped 3% in the Middle East but still posted a modest 3% rise there, and mainland China sales fell only in the low single digits. Greater China, which includes Hong Kong and Macau, saw double‑digit growth.

The group’s shares climbed 6% in early trading, while LVMH, Kering and Hermès all rose over 2%. Analysts at Vontobel praised Richemont for its “stratospheric sales growth” amid a challenging macro backdrop.