LVMH’s Jewellery & Watch Revenues Dip 5% in Jan-Sept 2024

While the group's overall performance remained robust, maintaining stability on a constant consolidation scope and currency basis, its Watches & Jewellery division experienced a 5% decline in revenue, posting €7.53 billion during the period.

The slight dip in the Watches & Jewellery segment comes amid broader economic uncertainty and fluctuations in demand, especially in key global markets. Nevertheless, LVMH’s jewellery brands demonstrated remarkable resilience through impactful campaigns, product launches, and milestone celebrations, continuing to captivate the luxury market.

Among the standout performers was 'Tiffany & Co.', which combined heritage and innovation in 2024. The brand’s global 'With Love, Since 1837' campaign spotlighted its iconic designs, while the new 'Tiffany Titan collection', crafted in collaboration with musician and designer Pharrell Williams, resonated with modern consumers. Furthermore, Tiffany celebrated the 50th anniversary of Elsa Peretti’s iconic creations, cementing its position as a leader in timeless craftsmanship. The ongoing rollout of Tiffany’s reimagined retail concept also enhanced the luxury shopping experience across global markets.

'Bulgari', another iconic brand under LVMH’s portfolio, celebrated its 140th anniversary with grandeur. The brand's “Eternally Reborn” campaign, featuring global stars like Zendaya, Anne Hathaway, and Yifei, further expanded Bulgari’s reach and appeal. To commemorate its anniversary, Bulgari launched the 'Tubogas collection', a modern take on the house’s iconic 1940s design, which brought bold yellow gold designs to the forefront of its luxurious offerings.