"In Japan, sales declined by 15% against a demanding +59% comparative in the prior-year period, with a strengthening Yen strongly reducing tourist spend, most notably from Chinese clientele, whilst local demand remained positive," Richemont said in a statement accompanying the Wednesday results. Richemont nevertheless has emerged a rare outlier in a wider luxury downturn, as demand among wealthy shoppers for its high-end jewelry continues to shine. Revenues at the Swiss luxury group rose 6% year-on-year at constant exchange rates to 5.41 billion euros ($6.28 billion) in the three months to the end of June, slightly ahead of the 5.37 billion euros forecast by analysts in an LSEG poll. Sales at the group's Jewellery Maisons division continued to lead the charge, rising 11% at constant exchange rates.