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Cie Financiere Richemont SE jewellery sales are sparkling. On Friday the Swiss luxury group reported that jewellery sales rose 17 percent excluding currency movements in its fiscal second quarter, trouncing even the most optimistic predictions.
The performance underlines that pricey baubles have been a surprise winner from the bling bust. But with an unprecedented number of new designers at fashion brands about to unleash a wave of novel products, and pressure on supply chains from rising…
