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The Latest Breaking News from Richemont

Clock Ticking on Swiss Watches' Raw Materials from Russia

Diamonds shine brightly at this year's Geneva watch fair but the sanctions slapped on Russia could soon force the Swiss watch industry to produce more subdued designs. Russia is a major supplier of diamonds, gold and other precious metals to the luxury watchmakers exhibiting at Watches and Wonders, one of…

Asharq Al-Awsat

Major jewellers to cease buying Russian-origin diamonds after increased scrutiny

Several big name brands including Tiffany, Pandora and Chopard announce a pause on buying raw materials of Russian origin amid war in Ukraine

The Guardian - AU

Hermes, Richemont Temporarily Close Russian Luxury Goods Stores

Birkin bag maker Hermes and Cartier owner Richemont said on Friday they are temporarily closing Russian stores and pausing all commercial activities in the country, the first major global luxury firms to announce such a move. Doing business in Russia has become complex since Russia's invasion of Ukraine, which prompted…

Asharq Al-Awsat

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