{"id":26949,"date":"2024-07-24T12:30:03","date_gmt":"2024-07-24T07:00:03","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=26949"},"modified":"2024-07-24T12:30:03","modified_gmt":"2024-07-24T07:00:03","slug":"lvmhs-h1-jewellery-sales-fall-5-to-e5-15-billion","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/lvmhs-h1-jewellery-sales-fall-5-to-e5-15-billion\/","title":{"rendered":"LVMH\u2019s H1 Jewellery Sales Fall 5% To \u20ac5.15 Billion"},"content":{"rendered":"<p>Luxury conglomerate LVMH Mo\u00ebt Hennessy Louis Vuitton, the world\u2019s leading luxury products group, reported a resilient performance in its jewellery division for the first half of 2024 that ended 30<sup>th<\/sup> June. Despite a challenging economic environment, the group achieved a relatively stable overall performance.<\/p>\n<p>LVMH\u2019s Watches &amp; Jewellery division, which comprises Bulgari, Tiffany &amp; Co., Chaumet, and Fred, saw a 5% decrease in H1 revenue to \u20ac5.15 billion, contributing over 12% to the group\u2019s overall revenue of \u20ac41.6 billion, which slid 1% versus last year and saw 2% organic growth.<\/p>\n<p>The profit from recurring operations in the Watches &amp; Jewellery sector plummeted 19% to \u20ac877 million, highlighting the challenges from exchange rate fluctuations.<\/p>\n<p>Bernard Arnault, Chairman and CEO of LVMH, commented: \u201cThe results for the first half of the year reflect LVMH\u2019s remarkable resilience, backed by the strength of its maisons and the responsiveness of its teams in a climate of economic and geopolitical uncertainty. Driven as ever by our dual focus on desirability and responsibility, we have continued to work towards achieving the targets set out in our environmental and social action programs.\u201d<\/p>\n<p>\u201cTiffany &amp; Co. continued to showcase its iconic lines through initiatives including a new campaign that received an excellent welcome. The new <em>Tiffany Titan by Pharrell Williams<\/em> collection generated an exceptional level of interest. <em>C\u00e9leste<\/em> \u2013 the 2024 <em>Blue Book<\/em> high jewellery line, unveiled in Beverly Hills in May \u2013 drew inspiration from the boundless imagination of Jean Schlumberger,\u201d LVMH said.<\/p>\n<p>\u201cBulgari celebrated its 140th anniversary with the \u2018Eternally Reborn\u2019 campaign, and presented the new Aeterna high jewellery collection in Rome, which achieved record-breaking revenue. Chaumet unveiled the medals for the Paris 2024 Olympic and Paralympic Games, created by its design studio.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Luxury conglomerate LVMH Mo\u00ebt Hennessy Louis Vuitton, the world\u2019s 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\u2019s Watches &amp; Jewellery division, which comprises Bulgari, Tiffany &amp; Co.,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":26950,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-26949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LVMH\u2019s H1 Jewellery Sales Fall 5% To \u20ac5.15 Billion - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/lvmhs-h1-jewellery-sales-fall-5-to-e5-15-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LVMH\u2019s H1 Jewellery Sales Fall 5% To \u20ac5.15 Billion - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Luxury conglomerate LVMH Mo\u00ebt Hennessy Louis Vuitton, the world\u2019s 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. 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