Richemont

2 articles

A high-net-worth individual thoughtfully inspects a luxurious diamond necklace in an opulent jewelry boutique, symbolizing a shift in luxury spending.

High-Net-Worth Consumers Reallocate Luxury Capital

While global sales of personal luxury goods are forecast to contract for the second straight year, a vibrant counter-narrative emerged from the glittering world of high-end adornments.

Camille Rousseau·August 13, 2026

Representatives from Richemont and Damiani exchange a handshake over a display of Baume & Mercier watches, symbolizing the acquisition.

Brands

Richemont sells Baume & Mercier to Italy's Damiani

A 196-year-old Swiss watchmaker, Baume & Mercier, has been shed by luxury titan Richemont, signaling that even deep heritage isn't enough to secure a place in top-tier portfolios, according to a Damia

Luca Bianchi·July 2, 2026