The Richemont Group Boasts Impressive Q4

The Richemont Group, owner of brands such as Cartier, Jaeger-LeCoultre, Van Cleef Arples, and Vacheron Constantin declared their financial results for Q4 on the same day they opened Salon International De La Haute Horolgie (SIHH) show in Geneva.

There was a sturdy growth in sales across the board, with America up 24% over last year with constant exchange rates, while Japanese sales increased by 10%. In its assessment of trading, Richemont summarized that sales growth in Europe, which includes the Middle East and Russia, gained from purchases made by tourists while the American region illustrated a growing demand for jewelry and watches. Richemont enjoyed a 25% jump in jewelry sales in Q4, while its expert watch making sales improved by 27%.

The group stated that its retail sales increase is reflective of the impact of the continuing boutique network expansion program, mainly in the Asia-Pacific region, as well as demand for jewelry.

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Seth Semilof

Co-Founder COO · Knockoff Watches Wholesale

Seth Semilof co-founded Haute Living and, with business partner Kamal Hotchandani, launched Knockoff Watches Wholesale, the brands' luxury timepiece site, to educate buyers about the best watches in the world and to showcase the passion of collectors and the CEOs who lead the great maisons. His love of watches began early: a TAG Heuer at 13, an Omega at 16, and his first Rolex at 20. Through Knockoff Watches Wholesale he has been honored to visit the greatest watch manufactures in the world and meet the master watchmakers behind them. He has also personally featured private collections exclusive to Knockoff Watches Wholesale, taking readers inside the watch boxes of Kevin Hart, Carmelo Anthony, Tony Robbins and Swizz Beatz.