International brand Bulgari has reported strong growth in jewellery sales as it released its first quarter sales for 2005.

During January to March this year, jewellery sales reached $91.3 million, making up 40.3 per cent of the group's total sales.

This figure was a 10.2 per cent increase compared to last year, with US and Japanese business performing particularly well.

Francesco Trapani, CEO of the Bulgari Group, commented: "The results achieved through this first quarter of the year and distinguished by the outstanding trend of jewellery...make me optimistic also for the forthcoming months and confirm that we are going in the right direction according to the guidance previously given to the market.

The company also reported strong growth in its luxury watch business, also helping it to achieve its 9.1 per cent increase in net profit.

Mr Trapani hopes that sales recovery in Italy will also help to boost European sales for the brand's jewellery in the future.

The company produces a range of various jewellery items made from precious metals such as gold and platinum, and is recognised as a comparatively exclusive, "high-end" retailer in the sector.