Luxury slowdown? Not at Cartier as Richemont sales jump

Cartier owner Richemont has posted a sharp rise in quarterly sales as booming demand for luxury jewellery helped it outperform expectations and sparked a rally across the wider sector.
The Swiss luxury group recorded sales of €6.3bn (£5.5bn) in the three months to 30 June, up 20 per cent at constant exchange rates and 17 per cent on a reported basis.
The performance comfortably beat analysts’ forecasts of €5.9bn and marked an acceleration from the previous quarter. Richemon