Cartier Price Increase: The global economy is changing at a fast pace. Due to the effects of the Covid pandemic and the Russia-Ukraine war, experts suggest an upcoming recession. That doesn’t change the upward trend in luxury goods prices, though, so a Cartier price increase is only logical.
Cartier announced a 3–5% markup on their creations in 2022 which affected all markets because of the increasing raw material prices. And despite the lack of announcements, customers noticed a price increase for Cartier goods in February 2023.
That doesn’t seem like the last price hike for Cartier because of the current economic landscape. So keep reading to know more about the expected increases in the near future.
How Much Did Cartier Prices Increase Recently? Latest Cartier Price Increase
The current Cartier price increase seems to be different for each of its global markets. You might see a different price for the same item depending on where you shop.
The US, UK, and Australia markets witnessed a price increase in May of 2022 after Cyrille Vigneron, the company’s CEO, announced a 3–5% adjustment earlier last year. He attributed the new prices to the rising cost of gold, diamonds, and other precious materials.
However, only Australia saw a second price increase in October 2022, as it seemed to be ahead of other markets in that regard.
Sales associates in the US market announced that Cartier creations should see a similar upward trend soon. Customers speculate the price increase for Cartier should happen in March.
Latest Cartier Love Bracelet Price Increase
LOVE bracelets are some of the most well-loved creations from Cartier. They combine the effortless elegance of their simple design with the instant recognizability of a luxury jewellery line.
Items from the LOVE line saw a price increase in all markets in May 2022. A few months later, in October, prices changed in the Australian market to start the price increase trend. It was closely followed by the UK, Europe, Canada, and the US. The increase was about 6–8%.
As of February 2023, the US market has a price of $6,900 for a regular-sized, yellow gold LOVE bracelet. It currently retails for:
- C$9,200 ($6,900) in Canada
- £6,600 ($6,900) in the UK
- AU$10,500 ($7,250) in Australia
- €7,450 ($8,000) in France.
There are some variations in prices in Southeast Asian markets as well, but they all seem to fall within the previously mentioned price range.
It’s worth mentioning that the white gold variation of the LOVE bracelet is more expensive than the yellow gold and rose gold in the US, retailing for $7,200. It’s expected the two other colours of the precious metal will follow suit in the price increase shortly.
Latest Cartier Watch Price Increase
Cartier has increased the prices of its watches and jewelry as of April 18, 2023. The price increase ranges from 7% to 15% depending on the collection, with the Love Collection seeing an average increase of 7.8% in the US.
The CEO of Cartier, Cyrille Vigneron, had previously stated that any potential price increases would likely be between 3% and 5%, but some other European luxury houses have been more active.
When is the Next Cartier Price Increase?
According to sources, the next Cartier price increase is scheduled to occur globally between May 10th and May 16th, 2023.
Did Cartier Juste Un Clou Bracelets Go Up in Price?
The Juste Un Clou bracelet was conceived as a necklace design in the 1970s by famed Cartier designer Aldo Cipullo. The nail-like design is both innovative and subversive in its authenticity.
Just like the LOVE line, the Juste Un Clou line saw a price increase in the past 12 months. It was included in the May 2022 hike, but not in October 2022. It more than made up for the difference in price with the current change in prices.
As of February 2023, the US market has a price of $7,500 for a regular-sized, yellow gold Juste Un Clou bracelet. It currently retails for:
- C$9,950 ($7,500) in Canada
- AU$11,300 ($7,800) in Australia
- £7,150 ($8,700) in the UK
- €8,100 ($8,700) in France.
Is Cartier Cheaper in Europe Than the UK?
Since there’s such a disparity between Cartier prices in different markets, many customers in the UK wonder whether purchasing items in Europe would set them back a little less.
Well, the LOVE and Juste Un Clou bracelet examples show you that UK prices are the same or even cheaper than EU prices for some models.
The main culprits in this difference are:
- How early international markets receive price increases compared to others.
- Local taxes, customs, and administrative costs of the country.
It’s also worth mentioning how Cartier price increases affect certain lines more or sooner than others. For example, the timepiece and fine jewellery lines had a couple of price hikes in the past year that made their current prices 12–15% higher. That’s a huge leap for all markets.
So, the common wisdom in such a case would be to check the price of the specific item you’re looking for. You might be able to find it for cheaper in your local Cartier Boutique than in a foreign country.
Another point to take into consideration is how local taxes and customs would affect your purchase from a store in another country. For some European customers, the savings they made from buying in the US were offset by the taxes they had to pay after declaring the purchase.
Cartier Price Increase History
Cartier has a history of raising its prices annually, with increases ranging from 5% to 15%.
In 2022, Cartier increased its prices between 3% and 5%. In 2023, Cartier raised its prices between 7-15% globally, with the US market seeing an increase for the first time in almost 2 years.
FAQ:
Is Cartier a Good Investment?
Buying Cartier items isn’t just for the luxury of it, although that’s a huge part of the appeal. It’s also proving to be an excellent investment for the fiscally savvy.
As with any other luxury brand, the price you get today is the cheapest price you’ll ever pay for the item. Rarely, if not ever, do the prices of Cartier creations at the Boutique decrease over time, and that means they don’t lose value.
You should also consider the historical value of Cartier as a luxury jeweller. Established in 1837, Cartier was dubbed “The jeweller of kings and the king of jewellers” by the British monarch, King Edward VII.
The meticulous care and innovative design put into Cartier jewellery and watches make investing in their creations a solid idea, as it has been for almost 200 years.
Does Cartier Have Resale Value?
Cartier, just like other luxury brands, has stellar resale value. As boutique prices increase, the second-hand market also sees price hikes for people looking to save a few hundred dollars by getting a pre-owned Cartier item.
This doesn’t only cover jewellery, but also timepieces, bags, and personal accessories. It holds especially true for limited edition collections that you can’t get at the Boutique after their promotional time is done.
Is a Cartier Bracelet an Investment?
Cartier bracelets have always been the epitome of a romantic, luxurious gift. Another way to look at them is how incredibly they hold onto their value over time.
Take the LOVE bracelet, for example, which debuted in 1969 for the price of $250. The same LOVE bracelet retails for $6,900 today, which is 27.5 its value 50 years ago.
Adjusted for inflation, $250 from 1969 is only $2,100.91 in 2023. That means the Cartier bracelet holds 3.2 times the value of money.
It would also make a beautiful heirloom to pass on to your children, who would appreciate it for its sentimental as well as monetary value.
Will Cartier Go Up in Value?
With the current trend in the resale market for Cartier, it’s more than likely to go up in value in the future.
Think of it this way, the money you spend on a Cartier creation can only hold its current value for so long, while the price of the item regularly goes up. That means your money’s value is kept as a precious item rather than losing its value due to inflation and economic crises.
Not to mention how vintage items are regarded as more valuable because they stood the test of time. Collectors especially enjoy one-of-a-kind pieces that were made long ago because of their uniqueness, and Cartier has no shortage of that.
Does Kate Middleton Wear Cartier?
Just like other royals, Catherine, Princess of Wales, has a cherished Cartier creation. She’s frequently seen wearing a stainless steel Cartier Ballon Bleu watch in the 36mm size. It’s believed it was a gift from Prince William that she received in 2014.
Funnily enough, her sister, Pippa Middleton, wears a similar Ballon Bleu watch, albeit much more elaborate and extravagant. Her 33mm version is made of rose gold and has 50 brilliant-cut diamonds totalling 0.63 carats on the bezel.
The face of the watch also features 11 diamonds instead of the numerals, except for the Roman numeral for 12.
Does Meghan Markle Wear a Cartier LOVE Bracelet?
Yes, she does! Meghan, the Duchess of Sussex, has a yellow gold, regular-sized Cartier LOVE bracelet that she received from Prince Harry in the earlier days of their romance. She’s worn it out and about since 2017.
Did Princess Diana Own Any Cartier Pieces?
The beloved Princess of the People was a style icon who mixed elegance and class with simplicity and impeccable taste. That’s why it’s no surprise she had a Cartier creation in the form of a gold Tank watch among her jewels.
Meghan Markle went on to inherit it and continues to wear it today, often pairing it with the gold Cartier LOVE bracelet she has.
How often does Cartier increase prices?
According to sources, Cartier has a history of increasing its prices annually. However, it is important to note that Cartier has raised its prices in the past without prior announcement, so it is always possible for prices to change unexpectedly.
How much has the Cartier Love Bracelet increased?
The Cartier Love Bracelet has increased in price by varying percentages depending on the region. In the US, the Love Bracelet increased between 6.5%-15.4%, while in Europe the increase ranged from 6.45% to 7%. The recent price increase in 2023 has impacted Cartier’s most popular collections, including the Love Bracelet, Juste un Clou, Clash de Cartier, and Panthère de Cartier.
Do Cartier bracelets go up in price?
According to sources, Cartier bracelets, including the Love Bracelet, have historically increased in price annually. Additionally, Cartier is known for making investment pieces, and some Cartier jewelry pieces, including bracelets, have been known to hold or even increase in value over time.
Does Cartier hold more value than Rolex?
Rolex and Cartier are both luxury brands that hold their value well over time. While Rolex watches are known to hold their value well, Cartier jewelry pieces, including some bracelets and watches, can also hold or even increase in value over time. It is worth noting that the value of a luxury item can be influenced by many factors, including brand reputation, rarity, and demand, and there is no clear winner between Cartier and Rolex in terms of value retention.
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