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LVMH’s H1 Jewellery Sales Fall 5% To €5.15 Billion – Solitaire International Magazine - Mumbai

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Post #: A45388692
Posted on: 25 July
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Luxury conglomerate LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, reported a resilient performance in its jewellery division for the first half of 2024 that ended 30th June. Despite a challenging economic environment, the group achieved a relatively stable overall performance.

LVMH’s Watches & Jewellery division, which comprises Bulgari, Tiffany & Co., Chaumet, and Fred, saw a 5% decrease in H1 revenue to €5.15 billion, contributing over 12% to the group’s overall revenue of €41.6 billion, which slid 1% versus last year and saw 2% organic growth.

 

If you need further information, please visit the following link: https://gjepc.org/solitaire/union-budget-is-a-game-changer-for-the-diamond-gems-jewellery-industry-a-step-closer-towards-making-india-a-global-diamond-trading-hub/

 

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