News

Advanced Search

LVMH Sees Strong Jewelry and Watch Growth

Oct 10, 2017 9:10 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
LVMH Moët Hennessy Louis Vuitton’s revenue from jewelry and watches increased 8% year on year to $1.12 billion (EUR 951 million) in the third quarter.

Overall group revenue jumped 14% to $12.26 billion (EUR 10.38 billion) during the period, the luxury-product company reported Tuesday.

The company noted a “remarkable performance” at Bulgari thanks in particular to the rapid growth of its signature jewelry collections Serpenti, Diva and B.Zero1. It also listed the launch of the new Festa high-end jewelry line as a highlight for the quarter, while the Chaumet and Fred brands also contributed to the overall positive performance. In watches, TAG Heuer and Hublot continued to grow, LVMH said.

In the first nine months of the year, jewelry and watch revenue grew 12% compared to the same period in 2016, hitting $3.29 billion (EUR 2.79 billion), while group revenue increased 14% to $33.5 billion (EUR 30.1 billion).
Tags: Bulgari, diamond jewelry, diamonds, fashion, jewellery, Jewelry, Louis Vuitton, luxury, LVMH, Rapaport News
Similar Articles
Brian LandCanadian Jewelry Groups Combine
Oct 09, 2017
The Canadian Jewellers Association (CJA) has merged with Jewellers Vigilance Canada (JVC), aiming to create...
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2017 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.