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The Cartier owner's core jewelry division drove sales as the luxury sector contends with slowing demand and an unpredictable global trade spat.

Cartier owner Richemont reported a slightly better-than-expected 7% rise in quarterly sales on Friday as brisk luxury jewellery business in the United States partly offset weaker demand for watches in Asia.

Luxury company Richemont on Friday announced changes to its senior management, with the bosses of jewellery companies Cartier and Van Cleef joining its executive committee.

CNBC's Robert Frank joins 'Closing Bell: Overtime' to discuss luxury stock earnings.

European luxury shares jumped Thursday after Cartier parent Richemont reported record quarterly sales, lifting investor hopes that the high-end sector is finally recovering from a slump caused by weak Chinese demand.

CNBC's Charlotte Reed reviews the quarterly results of Cartier owner Richemont.

The struggling European luxury-goods sector roared to life Thursday after Richemont reported its highest-ever quarterly sales as it blew by analyst estimates.

Richemont sales unexpectedly jumped by double digits during the holiday shopping season as consumers splurged on Cartier jewelry, a sign of recovering demand for luxury goods. Angelina Rascouet reports.

Cartier owner Richemont on Thursday reported a 10% increase in third quarter sales even as China demand weighed.

Richemont , the owner of Cartier jewellery, on Thursday fuelled hopes of a revival for the beaten down luxury goods industry, with end-of-year sales that exceeded expectations, sending shares higher across the sector.