Luxury goods are back in fashion.

Consumer demand for high-end items has rebounded after taking a hit during the global health crisis.

Cartier-owner Richemont and British brand Burberry are the latest to report healthy sales.

Strong demand for jewelry and watches in the Americas and Europe helped Richemont's Q3 sales rise by nearly a third, to over $6.4 billion - beating expectations.

The world's second-largest luxury group is moving towards directly operated stores and online channels to increase sales and boost margins.

Richemont says direct sales to consumers now represent 78% of group business, and online retail sales are up nearly a fifth.

Burberry also saw sales accelerate in the third quarter, driven by a strong performance in outerwear and leather goods.

The British brand said annual profits would beat market expectations, and operating profit for the year to April would rise by more than a third.