Luxury group Richemont, owner of Cartier and Van Cleef & Arpels, reported an 11% rise in third-quarter sales, beating expectations as jewellery demand remained strong and China’s market improved.

Richemont, the Swiss luxury group that owns Cartier, exceeded expectations in its latest quarterly sales report, driven by strong demand for jewelry and watches. The Geneva-based company reported a 14% increase in sales for the July–September period, reaching 5.21 billion euros ($6.08 billion), surpassing analyst forecasts of 5.0 billion euros. The growth highlights a recovery in the high-end luxury market despite global economic uncertainties.

Fashion brand The North Face and luxury jeweller Cartier have both revealed they experienced cyber attacks resulting in the theft of customer data.