Richemont weighs De Beers role and Richemont stock trades at EUR 188.63

Published on 10/20/2026 at 09:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter sales rose 17.00 percent to EUR 6.32 billion. Richemont stock costs EUR 188.63 on October 20, 2026. Q2 results are expected November 13, 2026.

Strategic talks and operating growth

On October 16, 2026, reports said Richemont was in advanced negotiations to join the De Beers consortium.
First-quarter sales increased 17.00 percent to EUR 6.32 billion at actual exchange rates.
Richemont stock trades at EUR 188.63 at 9:30 a.m. CEST at Lang & Schwarz on October 20, 2026.
Richemont is expected to present second-quarter results on November 13, 2026.

Juwelier setzt Edelstein unter Lupe ein, dokumentarische Schwarzweißfotografie im Atelier — Schwarzweiß-Reportage dokumentiert traditionelles Juwelier-Handwerk bei Cie Financière Richemont, ISIN CH0210483332, in einem Genfer Atelier, Illustration mit AI erstellt.

Richemont (ISIN CH0210483332) was trading at EUR 188.63 at Lang & Schwarz on October 20, 2026, at 9:30 a.m. CEST. The luxury group was reported to be in advanced talks to join a consortium bidding for De Beers, according to Yahoo Finance on October 16, 2026.

De Beers talks add a strategic angle

The discussions would put Richemont closer to the upstream diamond market through the Global Diamond Consortium. Yahoo Finance reported that no conclusive deal had been made by October 16, 2026, leaving the talks at a negotiation stage rather than a completed transaction.

The possible move comes as Richemont is emphasizing its jewelry businesses. The first quarter of fiscal year 2027 generated EUR 6.32 billion in sales, up 17.00 percent at actual exchange rates, according to Yahoo Finance.

What does 17.00 percent growth mean?

The operating mix provides the clearest context for the revenue figure. In the first quarter of fiscal year 2027, jewelry led the expansion while the Specialist Watchmakers division also returned to growth, with sales up 6.00 percent, according to 2clics on October 19, 2026. That combination gives the De Beers discussions a strategic link to Richemont's established jewelry exposure, while the financial effect of any participation remains undecided.

Three dates define the story

On July 15, 2026, Richemont reported first-quarter sales growth of 20.00 percent at constant exchange rates in its official sales announcement, listed on its Richemont investor page. On October 5, 2026, Goldman Sachs began coverage with a Buy rating and a CHF 225.00 price target, according to Investing.com. On October 16, 2026, the De Beers consortium talks became the latest reported corporate development.

What comes next for Richemont?

Richemont is expected to present its second-quarter fiscal year 2027 results on November 13, 2026, according to finanzen.ch. That release should clarify whether the first-quarter sales pattern continued before any De Beers transaction can affect the group.