The luxury firm saw a 10% uptick in the quarter, with fashion and accessories also showing double-digit growth.

Richemont , the owner of Cartier jewellery, beat market expectations for third-quarter sales, it said on Thursday, in a positive sign for the high-end of the luxury sector over the all-important holiday season.

The Swiss luxury conglomerate starts the year on a high note by reporting a strong sales beat, signalling signs of life for the luxury industry.