LVMH’s Watches and Jewellery division recorded 8% organic revenue growth in the first nine months of 2026, supported by strong demand for jewellery, even as the luxury group navigated a challenging economic environment and softer consumer activity in China.
The division generated revenue of €7.73 billion between January and September, up from €7.41 billion in the corresponding period last year. Organic growth in the third quarter stood at 6%, reflecting continued momentum in jewellery. Across the group, LVMH reported revenue of €57.1 billion for the nine-month period, with organic growth of 2%.
Tiffany & Co. strengthened its established collections, particularly HardWear, Knot and Sixteen Stone, while continuing to renovate its retail network. Its Blue Book 2026: Hidden Garden high jewellery collection, first launched in New York, presented its autumn expression in Venice.
Bvlgari also reported strong performance, with its Eclettica high jewellery and prestige watch line generating record revenue. The brand continued to build visibility for its signature Serpenti design through a monumental installation in New York, while its Kaleidos exhibition travelled to Shanghai.
Chaumet continued to develop its Bee de Chaumet collection, adding to the division’s focus on distinctive design identities and established product lines.
The results point to jewellery as a key growth driver for LVMH, at a time when performance across luxury categories remains uneven. The group’s fashion and leather goods division recorded a 5% organic revenue decline in the third quarter, while watches and jewellery continued to expand. LVMH reported that softer activity in China weighed on third-quarter business, while the United States, Europe and Japan recorded good growth.