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.

Sales rocketed 22 percent in the Americas region, while in Mainland China, Hong Kong and Macau they were down 18 percent in the three months to Dec. 31.

Richemont , the owner of Cartier jewellery, on Thursday fuelled hopes of a revival for the beaten down luxury goods industry, with end-of-year sales that exceeded expectations, sending shares higher across the sector.

Richemont, owner of Cartier, reported a 10% year-on-year increase in Q3 sales, significantly surpassing expectations. This growth suggests a potential recovery in the luxury sector, despite challenges in the Chinese market.

Investing.com -- Luxury goods giant Richemont (SIX: CFR ), the owner of Cartier and other high-end brands, reported a 10% increase in sales during its fiscal third quarter, beating market expectations. This was driven by strong demand in jewellery and improving conditions in the watch segment, despite continued softness in China.

Swiss luxury giant Richemont reported better-than-expected sales for its third quarter on Thursday, despite pressure on demand in China.

Cartier jewellery owner Richemont on Thursday reported a 10% increase in constant currency sales during the three months to the end of December, a strong early indicator for the performance of European luxury companies over the all-important holiday season.

Richemont sales unexpectedly jumped by double digits during the holiday shopping season as consumers splurged on Cartier jewelry, a sign of recovering demand for luxury goods.