Compagnie Financière Richemont, the favorite of luxury watch and jewellery lovers was elated by its augmented sales which notified a 29% increase during April to August session.

However, the growth of the company may face a halt due to the fiscal deficits and the problems prevailing in the euro-zone. The company has notified that the sales in the Asia-Pacific region were quite appreciable as it went nearly up by 46% from last year and China was the major contributor.

In the US the demand was up by 26% in Europe by 21%, and Japan sales were up by 7% from the last year. The company was contended with the performance and stated that the economic problems have not affected the demand so far but it may influence the growth in the near future.

The company notified that in the last five months they have experienced an amplified growth which was an appreciable achievement in the stable currencies. However, the debt problems may affect the coming months as the demand may fall.

The company stated that it was difficult to predict the growth of the rest of the year. However, the 29% increase, which the country has witnessed, was not expected either.