FinancialsJul 15, 2022
For Richemont, Strong U.S. Q1 Sales Offset Slump in ChinaFinancialsJul 27, 2022
High Jewelry Shines in First Half for LVMH
The luxury conglomerate said Bulgari’s “Eden: The Garden of Wonders” and Tiffany’s “Blue Book” collections set records.
A necklace featuring sapphires, rubies, diamonds, and emeralds from Bulgari’s “Eden: The Garden of Wonders” high jewelry collection. LVMH called out high jewelry collections from Bulgari and Tiffany as particularly strong performers in H1 2022. (Photo © Cho Gi-Seok)
Paris—A strong performance by Tiffany & Co. in the United States and record sales of high jewelry drove were the growth drivers for LVMH’s watch and jewelry brands in the first half of the year.
LVMH Moët Hennessy Louis Vuitton reported Tuesday that revenue in its Watches & Jewelry division grew 22 percent in the first half of the year (16 percent with comparable structure and constant exchange rates, i.e., on an organic basis) to €4.91 billion ($4.98 billion).
Profit from recurring operations was up 26 percent.
In jewelry, Tiffany had an “excellent” first half of the year, LVMH said, driven by U.S. sales, continued demand for the “Knot” collection and record sales of jewelry from “Blue Book,” the retailer’s annual high jewelry release. “Wonder Woman” actress Gal Gadot fronted the campaign for the collection, “Botanica: Blue Book 2022.”
For Bulgari, legacy lines “Bzero1 Classic” and “Serpenti” drove sales growth as did its high jewelry and high watchmaking collection, “Eden: the Garden of Wonders,” and the new “Octo Finissimo Ultra” watch.
Related stories will be right here …
Though jewelry and watches showed growth in the first half, they were not the top sellers for the Paris-based luxury conglomerate.
Sales in the company’s Fashion & Leather Goods division posted the highest revenue and the greatest percentage increase in organic revenue at 24 percent, followed by Selective Retailing, which includes Sephora and DFS. The division posted a 22 percent increase thanks largely to a return to in-store shopping at Sephora.
Overall, LVMH said it had an “excellent first half in a still-disputed environment,” with sales totaling €36.7 billion ($37.13 billion), a 28 percent year-over-year increase (21 percent on an organic basis).
Profit from recurring operations rose 34 percent to €10.24 billion ($10.36 billion).
In the second quarter, revenue was up 27 percent (19 percent on an organic basis) against a strong second quarter in 2021.
LVMH said sales in the U.S. and Europe have risen sharply so far this year, while growth in China has been muted due to the COVID-19 lockdowns in cities like Shanghai.
Commenting on the half-year ahead, LVMH Chairman and CEO Bernard Arnault said: “We approach the second half of the year with confidence but given the current geopolitical and health situation, we will remain vigilant and count on the agility and talent of our teams to further strengthen our global leadership position in luxury goods in 2022.”
More on Financials
The Latest
Policies & IssuesSep 25, 2025
JA CEO Provides Tariff Update Following Annual Fly-InA trade deal with Switzerland seems probable, but reaching an agreement with India remains a challenge, David Bonaparte said.
SourcingSep 25, 2025
2 African Countries Aim to Take Stake in De Beers Botswana’s president said his country wants a controlling share, while Angola envisions multiple countries holding minority stakes.
Lab-GrownSep 25, 2025
Kira Jewels Expands Lab-Grown Diamond ProductionThe manufacturer is adding 1,400 chemical vapor deposition (CVD) reactors to its growing facility in India.
Brought to you by
reDollar.com Is Rolling Out the Next Level Jewelry, Diamond & Watch Consignment ProgramWith their unmatched services and low fees, reDollar.com is challenging some big names in the online consignment world.
IndependentsSep 25, 2025
Alex Moss’ New Flagship Brings Bold Jewels to SoHoThe jeweler to the stars has worked with Drake, A$AP Rocky, Tyler the Creator, and other celebrities.
Weekly QuizSep 25, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
WatchesSep 25, 2025
Wilson & Son Jewelers Donates to the Horological Society of New YorkThe Scarsdale, New York-based jeweler donated a professional-grade watch cleaning machine.
Policies & IssuesSep 24, 2025
Tariffs Throw Diamond Trade Into DisarrayThe 50 percent tariffs on diamonds shipped from India to the U.S. have pushed midstream manufacturers to the edge.
Brought to you by
Rallying Call for the Jewelry Industry on Tariffs and Other Key IssuesJewelers of America is leading the charge to protect the industry amidst rising economic threats.
SourcingSep 24, 2025
De Beers Adopts New Strategies to Drive Natural Diamond Demand in IndiaDe Beers’ refreshed, multipronged approach, which includes generic promotions and retail partnerships, is delivering positive dividends.
Policies & IssuesSep 24, 2025
For Jewelry Manufacturers, Higher Tariffs Create Long-Term WorriesThey are trying to balance the need to sustain well-established relationships with the pressure higher tariffs have put on margins.
SourcingSep 24, 2025
A Helping Hand: An Effort to Boost Inclusivity in the IndustryJewelry manufacturer Jewelex has partnered with JOSH, an industry training center, on a program for people with disabilities.
CollectionsSep 24, 2025
Greenwich St. Jewelers Goes Back in Time With First Estate CollectionThe collection includes pieces dating back to the Victorian and Art Deco periods as well as mid-century and late 20th-century designs.
Policies & IssuesSep 24, 2025
Diamonds Do Good Names Marcus ter Haar as President-ElectHe previously served as co-chair of the nonprofit’s beneficiary committee.
CollectionsSep 24, 2025
Brilliant Earth’s New Jane Goodall Collection Calls for PeaceIts second collaboration with the conservationist features jewelry with dove and olive branch motifs.
SourcingSep 24, 2025
SRK Launches Kriam PharmaThe diamond manufacturer’s new company will provide accessible and affordable high-quality medicines across India.
ColumnistsSep 23, 2025
Quiet Luxury: What Fall’s Top Trend Means for JewelersEmmanuel Raheb shares tips on how a jeweler’s showcases, marketing, and social media presence can whisper, instead of shout.
MajorsSep 23, 2025
Ames Watson Completes $140M Acquisition of Claire’sThe private equity firm has a plan to revive the mall staple.
SourcingSep 23, 2025
Super Smalls’ New Book Introduces Kids to Gems, Fine JewelryThe “Super Book of Gems” dives into the Mohs Hardness Scale, the Four C’s, and designs from jewelers like Cartier and Bulgari.
MajorsSep 23, 2025
Mattioli Names Kering Exec as New CEOClaudio Pasta will take the lead at the Italian fine jewelry brand, succeeding company founder Licia Mattioli.
CollectionsSep 23, 2025
Monique Lhuillier Adds Fashion Jewelry to Kay Jewelers LineThe new lab-grown diamond jewelry offering is the latest expansion of the designer’s “Bliss” collection.
SourcingSep 22, 2025
Rio Tinto Announces Final ‘Beyond Rare’ TenderThe miner is honoring the end of an era with an offering of 52 lots from the now-closed Argyle and the soon-to-close Diavik mines.
MajorsSep 22, 2025
Jewelry Manufacturer Vibhor Acquires AlorThe California-based fine jewelry brand will retain its identity post-acquisition, with new collections launching next year.
CollectionsSep 22, 2025
Gurhan's Collection is an 'Untamed' ZooThe “Untamed” collection centers on carved gemstone jewelry depicting a range of animals embodying one of the four elemental forces.
Policies & IssuesSep 22, 2025
Ethical Metalsmiths Has a New Name Founded in 2004, the organization is now called the Community for Ethical Jewelry.
EditorsSep 19, 2025
These Female Athletes Had the Best Jewelry of the SummerFrom Coco Gauff’s hoops to Madison Keys’ diamond medallion, these are Senior Editor Lenore Fedow’s standout jewelry looks of the season.
CollectionsSep 19, 2025
Piece of the Week: Vanessa Fernández Studio’s ‘Curva’ Wrap HoopsThe trendy earrings feature asymmetrical drops, one with a grossular garnet and the other with a diamond.
Recorded WebinarsSep 19, 2025
Watch: A Step-by-Step Guide to Using TikTok and Instagram ReelsFour social media marketing experts discuss their go-to methods and favorite tools for making high-quality short-form video content.
