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THERE ARE SO FEW WOMEN among Richemont's top executives that when Chabi Nouri was recently made global CEO of Piaget, some journalists called her the first woman to crack the glass ceiling at the Swiss luxury conglomerate.

In an email interview, Ms Nouri took pains to point out that while she has made inroads into an industry still dominated by men, she is not Richemont's first female CEO. That honour goes to Marianne Romestain, who in 2014 became - and remains - the CEO of French luxury leather goods house, Lancel, another brand in the conglomerate's stable.

But the Swiss-born Nouri, who in April replaced Philippe Leopold-Metzger, a 36-year Richemont veteran, is the first female CEO in Piaget. She's also the first woman to be in Richemont's upper ranks running its watch and jewellery business.