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Richemont Group has announced its financial results for the year ending March 31 2012, with its sales of jewelry and watches up 32 and 31 percent respectively. Sales in the company’s Jewellery Maisons group totaled $5.83 billion in the 12-month period ended March 31, compared to $4.42 billion in the prior-year period. Cartier and Van Cleef and Arpels performed “exceptionally well” the company said, noting that there was demand for both high-end and more accessible collections. Sales for the company’s Specialist Watchmakers - Jaeger-LeCoultre, Piaget, IWC, Baume & Mercier, Vacheron Constantin, Officine Panerai, A. Lange & Sohne and Roger Dubuis has reached $2.95 billion, up from $2.25 billion last year, with all brands showing sales growth. Globally, Richemont’s total sales increased 29 percent to $11.29 billion. Profits jumped 43 percent to $1.96 billion. Gross margin held steady year-over-year at 64 percent.