Sales among brands such as Cartier, Van Cleef & Arpels, and Buccellati improved by 14 per cent on a year-on-year comparison for the three-month period ending 31 December.
A report from Richemont noted that €4.5 billion ($AUD7.47 billion) in revenue among jewellery brands led the company to its highest quarterly sales on record.
Strong sales in the jewellery division countered lacklustre performance from the watch division, with a decline of 8 per cent reported among brands such as IWC Schaffhausen, Piaget and Vacheron Constantin.
"The bling bloodbath is so last season," Andrea Felsted writes for Bloomberg.
"When times are tough, it’s usually handbags that outperform. This time around, it’s jewellery.
“Richemont’s sales in this division rose 14 per cent in the third quarter, compared with the 4 per cent expected by analysts. Demand for watches continued to be weak but was also better than expected."
Richemont’s total revenue for the quarter increased by 10 per cent on a year-on-year comparison, while sales for the completed nine months have improved by 3 per cent.
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