Cartier owner Richemont has proposed doubling its dividend to pre-pandemic levels after strong demand for jewellery helped lift net profit and contain the fall in sales in its fiscal year 2020/2021.

Luxury watch sales have been recovering from the severe slump of the pandemic and Richemont, the global No 2 in luxury goods, has fared better than rival Swatch Group thanks to its exposure to jewellery...

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