The Swiss luxury group announced in a statement on Thursday that its sales increased by 11% in the third quarter of the financial year, based on a constant exchange rate. This figure exceeded analysts' average forecast of 7.5%. All divisions achieved growth, including the specialized watchmaking division, which saw a 7% increase in sales—a strong figure considering the recent weakness. Jewelry division sales also rose by 14%, also surpassing forecasts. Richmont's sales jumped to a record level in the last months of last year, as shoppers splurged on its watches and Cartier jewelry during the holiday season, driven by demand in the United States and the Middle East.
