Cartier and Montblanc to raise prices during 2011

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Rising inflation and metal costs to affect retail pricing

Luxury watch and jewellery brands Cartier and Montblanc have announced "certain" price increases during 2011. 

Financial site moneycontrol.com reports that retail prices may rise by up to five percent, with the brands "expressing concern" about rising inflation and metal prices.

Speaking with Reuters, Montblanc chief executive Lutz Bethge said: "Certainly, there will be price increases this year. The price increase of metals such as gold has an impact on our business."

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