Richemont falls within the luxury consumer goods sector. Through its Maisons, the Group’s activities and products include jewellery, fine watchmaking and premium accessories.
Within Richemont, those Maisons which are principally engaged in a specific business area have been grouped together for reporting purposes. By way of example, those businesses which have a heritage as producers of high jewellery and jewellery watches – Cartier and Van Cleef & Arpels – are grouped together as ‘Jewellery Maisons’. Their entire product ranges, including watches and premium accessories, are reflected in the financial result for that business area. The relative weight of each business area within the Group in terms of financial results is presented on other pages of the Richemont website.
Cartier and Van Cleef & Arpels enjoy leading positions in the global, branded jewellery sector. Whilst no single industry body exists, the French language-only website of Fédération Nationale d'Horlogerie, Bijouterie, Joaillerie et Orfevrerie contains helpful information about the jewellery industry ().
The Group’s eight specialist watchmakers are among the most renowned in the fine watchmaking industry, which is concentrated in Switzerland. The Federation of the Swiss Watch Industry represents all Swiss watchmakers: its English and French language website () contains monthly export statistics and other business information. In addition, the Fondation de la Haute Horlogerie, an independent body established to promote the arts and crafts of fine watchmaking, also has an informative website about the industry ().
The industry for the design, manufacture and distribution of premium accessories, including writing instruments, leather goods and fashion, is highly fragmented. The combined sales of such products together represent some 20 per cent of Group turnover. Montblanc enjoys a leading position in the luxury writing instruments industry.