LVMH, the world’s leading luxury conglomerate, has announced a 5% revenue growth, totaling €7.9 billion (around $8.3 billion), in its Watches & Jewellery business division for the first three quarters of 2023 (January-September 2023).
The Watches & Jewellery segment, home to brands like Tiffany, Bulgari, Chaumet, and Fred, experienced significant activity during this period. Following the successful reopening of Tiffany’s iconic “The Landmark” store in New York, the jeweler launched an extensive store network refurbishment project, notably in Tokyo. In addition, the “Lock” collection expanded into new jewelry categories, achieving global reach, and the second part of the “Blue Book: Out of the Blue” high jewelry collection was unveiled.
According to the report, Bulgari’s high jewelry sector witnessed a stellar performance, “particularly with the launch of the “Mediterranea” collection.”
In addition, Chaumet hosted the “A Golden Age: 1965-1985” retrospective exhibition at its 12 Vendôme location. Meanwhile, Fred introduced “Audacious Blue,” its inaugural collection of lab-grown blue diamonds, with both brands achieving “robust growth.”
