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LVMH’s jewellery unit records solid growth in 2018

5 February 2019


Diva’s Dream necklace by Bulgari

 

The jewellery arm of luxury group LVMH Moët Hennessy Louis Vuitton recorded a 12 percent year-on-year rise in revenues in 2018, with Bulgari leading the growth.

Overall revenues across all product segments rose 10 percent over the previous year. “All business groups recorded an excellent performance,” noted LVMH.

The Watches & Jewelry business segment also recorded a 37 percent increase in profit from recurring operations. “Bulgari performed very well and gained market share. Its iconic jewellery and watchmaking lines Serpenti, Diva’s Dream, B.Zero1, Lvcea and Octo grew strongly,” the group said.

LVMH also said new product launches in 2018 contributed largely to the jewellery unit’s positive performance. These included Bulgari’s Octo Finissimo watch and the Fiorever jewellery collection, designed around a central diamond.

Chaumet’s growth was driven by the success of the Liens and Joséphine collections, particularly in Asia. The exhibition on its history at the Mitsubishi Ichigokan Museum in Tokyo was likewise well-received. In the watchmaking sector, TAG Heuer continued to develop its iconic lines and introduced a new variant of the smart watch. Hublot, which continued its progress, enjoyed strong growth in 2018 and considerable visibility as the FIFA World Cup Official Timekeeper.