CWG kindles business optimism for Indian G&J market

Jewellers expect a good demand from foreign tourists

Post By : Diamond World News Service On 07 September 2010 12:07 PM
Richemont has recorded appreciable increase in its sales, both as a group and in its jewellery division for the six months ending September 30, 2007. Sales figures for the Richemont group increased by 11% to amount to $3.72 billion, while operating profits from its luxury goods businesses increased by 28% to value at $817.%%Sales for the jewellery section which includes brands Cartier and Van Cleef & Arpels has recorded a rise by 9% to value at $1.86 billion (€1,277 million). Also, operating profit scaled higher by 12% to amount to $535 million (€367 million), and the operating margin was calculated at 29%.%%Cartier accounted for increased sales as it launched new brands including the Ballon Bleu watch collection, the Marcello bag and the Inde Mystérieuse high jewellery. Van Cleef & Arpels’s rise in sales were significant although in comparison to Cartier, the rise was a smaller base.

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