Cartier owner Richemont released a fourth-quarter sales that exceeded expectations on Friday as the wealthiest spender continued to shrug, shrugging the uncertainty of the global macroeconomic.

Swiss luxury group revenue grew 7% year-on-year, with continued exchange rate gains, with analysts in the LSEG poll predicting more than 4.98 billion euros in the three months to the end of March.

The stock closed at 6.9%. London is the time to trade at the top of the Stoxx 600.

The fourth quarter sales bump was led by double-digit growth in the group's Jewelry Maisons division, which includes Cartier, Van Clive and Appels and Buserati.

However, sales have declined in the company’s professional watchmaker space, which features brands Piaget and Roger Dubuis, led by weaknesses in the Asia Pacific region.

Full-year sales rose 4% to €21.4 billion, up from the previous year, while analysts expected €21.34 billion.

Sales in all regions are rising every year except the Asia Pacific (Japan) (the company's largest market), and in China, the decline is down 23%. Japan grew annual sales growth at real exchange rates with a 25% increase in real exchange rates, with real exchange rates rising by 25%.

"Stand out of our jewelry Maisons and Retail, the organization's performance was strong overall and boosted momentum in our 'other' activities," Richmont chairman Johann Rupert said in a statement. The so-called "other" section of the company includes its second-hand retailer Watchfinder & Co.

However, the Chairman added that the ongoing global uncertainty will continue to require “strong agility and discipline.”

BOFA Global Research said in a report last week that Richemont faces three key global headwinds: gold prices, U.S. tariffs and foreign exchange volatility, through the strength of the Swiss franc and the weakness of the dollar.

However, analysts at the bank added that the company's pricing power could provide a headwind.

“We think prices will cover half the headwind,” they wrote. “Price, portfolio and higher capacity utilization are the most obvious offsets.”

Richemont previously reported its "highest ever" quarterly sales figure in January, or €6.2 billion, despite the weight of Chinese demand.

Revenue at the time was seen as a broader turnaround signal in the troubled luxury industry. But the ghost of U.S. trade tariffs and subsequent macroeconomic uncertainty may once again hit consumer confidence and discretionary spending globally.