Cartier (jeweler)

Cartier International SNC
Company typeSubsidiary
IndustryRetail
Founded1847; 177 years ago (1847)
FounderLouis-François Cartier
Headquarters
Paris
,
France
Area served
Worldwide
Key people
Cyrille Vigneron (CEO)
Products
  • Jewellery
  • Watches
Revenue$6.2 billion (2020)[1]
ParentRichemont
Websitewww.cartier.com

Cartier International SNC, or simply Cartier (/ˈkɑːrtieɪ/ KAR-tee-ay, French: [kaʁtje]), is a French luxury-goods conglomerate that designs, manufactures, distributes, and sells jewelry, watches, leather goods, sunglasses and eyeglasses.[2][3][4] Founded by Louis-François Cartier (1819–1904) in Paris in 1847, the company remained under family control until 1964.[4] The company is headquartered in Paris, France, and is currently a subsidiary of the Swiss Richemont Group, a global luxury giant.[citation needed] Cartier operates more than 200 stores in 125 countries, with three Temples (Historical Maisons) in Paris, London, and New York City.[5][6]

Cartier is regarded as one of the most prestigious luxury-goods manufacturers.[4][7][8][9][10][11] Forbes ranked Cartier on its Most Valuable Brands list as 56th in 2020, with a brand value of $12.2 B and revenue of $6.2 B.[1][12]

Cartier has a long history of sales to royalty.[13] King Edward VII referred to Cartier as "the jeweller of kings and the king of jewellers".[4][14] For his coronation in 1902, Edward VII ordered 27 tiaras and issued a royal warrant to Cartier in 1904.[4][15] Similar warrants soon followed from the courts of Spain, Portugal, Serbia, Russia and the House of Orléans. The largest ever single order to date was made in 1925 by the Indian royalty, the Maharaja of Patiala, for the Patiala Necklace and other jewelry worth ₹1 billion (equivalent to ₹210 billion, US$2.6 billion or €2.6 billion in 2023).[16]

  1. ^ a b "Cartier". Forbes. Archived from the original on August 12, 2020.
  2. ^ "Company Overview of CARTIER International SNC". Bloomberg. Retrieved February 2, 2019.
  3. ^ Cite error: The named reference FHH-2019a was invoked but never defined (see the help page).
  4. ^ a b c d e "Cartier". Sotheby's. Archived from the original on September 27, 2020. Retrieved January 20, 2019.
  5. ^ "Cartier Monde – Company Profile". www.referenceforbusiness.com. Retrieved February 2, 2019.
  6. ^ "Beyond a Boutique: The Story behind the Transformation of Cartier's "Temple" in London – Luxe.CO". Archived from the original on September 29, 2020. Retrieved February 2, 2019.
  7. ^ "Cartier jewels – An expert guide | Christie's". www.christies.com. Archived from the original on November 27, 2020. Retrieved January 20, 2019.
  8. ^ "A Guide to Cartier: The Birth of a Luxury Jewelry Magnate". Invaluable. May 19, 2017. Archived from the original on August 18, 2020. Retrieved January 20, 2019.
  9. ^ "How Cartier Became A Serious Watchmaker?". Archived from the original on December 3, 2022. Retrieved August 9, 2019.
  10. ^ "Cartier – Fondation de la Haute Horlogerie". www.hautehorlogerie.org. Archived from the original on June 3, 2019. Retrieved January 20, 2019.
  11. ^ Pitt, Martyn R.; Koufopoulos, Dimitrios (March 28, 2012). Essentials of Strategic Management. SAGE. ISBN 9781446290774. Archived from the original on February 27, 2024. Retrieved October 5, 2020.
  12. ^ "The 2020 World's Most Valuable Brands". Forbes. Archived from the original on October 7, 2012. Retrieved June 30, 2021.
  13. ^ Menkes, Suzy (January 10, 2006). "A ball for the 'king of jewellers'". The New York Times. Archived from the original on July 17, 2014. Retrieved March 14, 2012. A line-up of small rooms for special clients has original light oak wood paneling carved with garlands and hung with certificates from England's Edward VII (in 1905), through the king of Siam and Russian czars.
  14. ^ Prat, Véronique (August 28, 2009). "Les joyaux de Cartier exposés dans la Cité interdite" [Cartier jewels set in the Forbidden City] (in French). Archived from the original on February 19, 2014. Retrieved March 14, 2012.
  15. ^ "Rock star". Time. September 14, 2004. Archived from the original on March 13, 2012. Retrieved March 14, 2012.
  16. ^ From Bahadur Shah Zafar to the Nizam of Hyderabad, a jewellery brand for the royals Archived 2023-09-30 at the Wayback Machine, The Print, November 5, 2022.