LVMH Jewelry and Watch Revenue Up

RAPAPORT… LVMH Moët Hennessy Louis Vuitton saw a rise in jewelry and
watch sales in the third quarter, led by a strong performance at its Bulgari
brand, it said Tuesday.

Revenue for the category increased 10% to EUR 1.04 billion
($1.2 billion) for the three months ending September 30.

Bulgari’s sales growth was led by its Serpenti, Diva,
B.Zero1, Lvcea and Octo lines, as well as the launch of its new high-end
jewelry label, Wild Pop. Sales at Chaumet and Fred also progressed well, the
luxury-jeweler said. Watch brand TAG Heuer performed strongly, as did Hublot,
which opened its first stand-alone boutique in London during the quarter.

In the first nine months of the year, revenue from jewelry
and watches rose 14% to EUR 3.02 billion ($3.47 billion).

Group sales for the third quarter — including jewelry, wines
and spirits, fashion and cosmetics — grew 10% to EUR 11.38 billion ($13.07
billion).

Image: Bulgari store, Hong Kong. (Rityaecinos)