Cartier (jeweler)
Cartier International SNC, or simply Cartier (/ˈkɑːrtieɪ/ KAR-tee-ay, French: [kaʁtje]), is a French luxury-goods conglomerate that designs, manufactures, distributes, and sells jewellery, leather goods, watches, sunglasses and eyeglasses.[2][3][4] Founded by Louis-François Cartier (1819–1904) in Paris in 1847, the company remained under family control until 1964.[4] The company is headquartered in Paris and is a wholly owned subsidiary of the Swiss Richemont Group.[5][6] Cartier operates more than 200 stores in 125 countries, with three Temples (Historical Maisons) in Paris, London, and New York City.[6][7]
Company type
Subsidiary
Retail
1847
Louis-François Cartier
Worldwide
Cyrille Vigneron (CEO)
- Jewellery
- watches
$6.2 billion (2020)[1]
Cartier is regarded as one of the most prestigious jewellery manufacturers.[4][8][9][10][11][12] Forbes ranked Cartier on its Most Valuable Brands list as 56th in 2020, with a brand value of $12.2 B and revenue of $6.2 B.[1][13]
Cartier has a long history of sales to royalty.[14] King Edward VII referred to Cartier as "the jeweller of kings and the king of jewellers".[4][15] For his coronation in 1902, Edward VII ordered 27 tiaras and issued a royal warrant to Cartier in 1904.[4][16] Similar warrants soon followed from the courts of Spain, Portugal, Serbia, Russia and the House of Orléans. The largest ever single order to date was made in 1925 by the Indian royalty, the Maharaja of Patiala, for the Patiala Necklace and other jewelry worth ₹1,000 million (equivalent to ₹210 billion, US$2.6 billion or €2.6 billion in 2023).[17]
History[edit]
Early history[edit]
Louis-François Cartier founded Cartier in Paris in 1847 when he took over the workshop of his master, Adolphe Picard.[18] In 1874, Louis-François' son Alfred Cartier took over the company, but it was Alfred's sons Louis, Pierre, and Jacques who established the brand name worldwide.[18]
Use of the Cartier name in other products[edit]
From 1976 to 2003, the company lent its name to special editions of several models of the luxury US automaker Lincoln, designing a Cartier edition of the 1976 Lincoln Continental Mark IV,[77] the 1977–79 Lincoln Continental Mark V,[78][79] the 1980–81 Lincoln Continental Mark VI, and the 1982–2003 Lincoln Town Car.[80]