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November 20, 2006
Jewelry Sales Make Richemont 's Results Shine
Profits at Compagnie Financière Richemont surged 22% to around $816 million in the first half of this year. The luxury goods group benefited from a boom in high-end apparel, leather accessories and jewelry.
Both its Cartier and Van Cleef & Arpels jewelry brands reported double-digit gains for the period ended Sept. 30.
Richemont expects to continue to perform well through the remainder of the year, saying that October sales were strong.
Posted by Blacks on November 20, 2006 09:40 AM
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