LVMH’s jewelry and watch sales rose in the third quarter, as Tiffany & Co. and Chaumet continue to upgrade their collections.
Revenue from the category increased 8% year on year to EUR 2.5 billion ($2.79 billion) for the three months that ended September 30, LVMH reported Monday. During the first nine months of the year, sales of jewelry and watches climbed 4% to EUR 7.73 billion ($8.64 billion).
In the third quarter, organic revenue growth reflected softer business activity in China, while the US, Europe and Japan recorded a healthy uptick, the group said.
Tiffany & Co. continued to build on its signature collections, particularly HardWear, Knot and Sixteen Stone, while renovating its store network. Following its New York debut, the Blue Book 2026: Hidden Garden high-jewelry collection launched in Venice for the fall season. Meanwhile, Bulgari introduced its Eclettica line of high jewelry and prestige watches, which generated record revenue, and Chaumet continued to expand its Bee de Chaumet collection.
Group revenue for the third quarter improved 1% to EUR 18.5 billion ($20.69 billion), but it slipped 1.6% to EUR 57.15 billion ($63.89 billion) for the nine months to September 30.
LVMH maintained solid performance and continued to innovate despite an uncertain geopolitical and economic environment, it added.
Image: A Tiffany & Co. store in Tokyo, Japan. (Shutterstock)
