Jewelry demand increases, luxury goods company Richemont's sales exceed expectations.

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Jin10 Data, July 16 - Swiss luxury goods company Richemont reported better-than-expected sales as affluent consumers snapped up Cartier rings and bracelets, despite a generally sluggish luxury market. At constant Exchange Rates, sales in the group’s largest jewelry division rose 11% in the quarter ending in June. Analysts had predicted a rise of 8.6%. Overall, sales rose 6%, exceeding expectations. Vontobel analyst Jean-Philippe Bertschy stated, "Richemont's performance is reassuring, especially compared to other luxury goods companies." "The company's dominance and strong growth in the jewelry sector remain impressive."

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