Swiss jewelry maker reports sales dip

[Paneraii]

Cie. Financiere Richemont, the world’s largest jewelry maker, reported a drop in third-quarter sales that missed analysts’ estimates and said market conditions are the “toughest” in 20 years.

Revenue fell to $2.1 billion in the three months ended Dec. 31 from $2.17 billion a year earlier, the Swiss maker of Cartier necklaces said Monday.

[Nooch]

Not surprised as now e economy is so bad. most ppl cutting cost as these are deemed 'good to have' Richemont also owns watch companies like IWC, Panerai, JLC and VC.

[louie]

does this sound more discount for Pams? I will check out soon...