RapNet


Rapaport News

 

Retail

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

LVMH Sees Strong Jewelry and Watch Growth

Oct 10, 2017 9:10 AM   By Rapaport News
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
Hong Kong retail dataHong Kong Luxury Retail Sales Plunge
Dec 02, 2019
Sales of jewelry and other luxury items in Hong Kong slid...
Tiffany, Pandora Receive Top Sourcing Scores
Hong Kong Troubles Weigh on Luk Fook
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us