Richemont Sales Rise on Stronger Demand from US, China

Richemont sales climbed as shoppers from the US to China snapped up the luxury group’s pricey Cartier and Van Cleef & Arpels jewelry.

Sales at the jewelry division, Richemont’s largest, climbed 14% at constant exchange rates in the six months ended September, the Swiss company said Friday. Analysts had expected a gain of 10.3%. Overall, sales climbed 10%, above estimates.