LVMH jewellery sales retain sparkle
Luxury group LVMH Moët
Hennessy Louis Vuitton reported an 8 per cent increase in jewellery revenues in
the first nine months of the year, led by high-end brands Tiffany & Co and
Bulgari.
Driving growth at
Tiffany & Co were iconic product lines – HardWear, Knot and Sixteen Stone
in particular – and continued store network renovations. The Blue Book 2026:
Hidden Garden high jewellery collection was also a hit among luxury consumers.
Bulgari, for its part,
unveiled its new Eclettica line of high jewellery and prestige watches, which
generated record-breaking revenue, the group said. Other factors that
contributed to solid sales were the launch of Bulgari Vimini as well as the
Kaleidos and Serpenti Infinito exhibitions worldwide.
Jewellery brand
Chaumet, meanwhile, continued to develop its Bee de Chaumet Collection while
luxury watchmaker TAG Heuer enjoyed a high-profile presence at the Grand Prix
races of Formula 1, in particular as Title Partner in Madrid.
Overall, LVMH's group
revenues reached €57.1 billion (around US$64 billion) in the first nine months
of 2026, up 2 per cent from year-ago figures.
"LVMH remained
very solid in an uncertain geopolitical and economic environment," it
noted. "In the third quarter, organic revenue growth reflected the impact
on business activity of a less buoyant environment in China, while the US,
Europe and Japan saw good growth."
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