Japanese Consumers Fuel Record Luxury Jewellery Sales

Japan's department stores saw a significant surge in sales of gems, precious metals, and artwork during the first half of 2026. The total revenue climbed by 19% to $2 billion compared to the same period last year.

The country witnessed the highest growth in luxury jewellery sales for Richemont, with its segment leading the charge.

Japanese consumers are driving this trend, seeking a safe haven from inflation and the weakening yen.