French luxury conglomerate LVMH has seen a 23% boost in revenue for its watches and jewelry businesses in the first nine months of 2022, IDEX Online reports.
LVMH Moët Hennessy Louis Vuitton,owner of global luxury jewelry brands including Louis Vuitton, Christian Dior, Sephora, Fendi and Tiffany, reported revenue of $55.6 billion across all it sectors – including wines and spirits, fashion and leather goods, and perfumes and cosmetics.
Tiffany & Co. was driven by “strong momentum” in the US, and LVMH remarked upon the success of Tiffany’s gender-neutral Lock diamond and gold bracelets. Bulgari, it said, “continued to strengthen its collections […].”
