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
ColumnistsMay 25, 2026
The Key Mindset for Better Trade Show BuyingBuying discipline at trade shows starts with clarity about your inventory levels, Smith writes.
Events & AwardsMay 22, 2026
Instore Buys JA New York ShowThe deal closed this week, which means Instore will produce the JA NY show slated to take place this fall.
CollectionsMay 22, 2026
Leigh Maxwell Celebrates 5 Years at Couture With ‘Bauble’ CollectionThe “Bauble” capsule collection of colorful one-of-a-kinds includes our Piece of the Week, the “Bauble” earrings, featuring rose zircon.
Brought to you by
All Eyes on Gold Prices. Alternatives to Look For. And What to BEWARE of in VegasAs gold prices rise, today’s retailers are looking for alternatives at prices that will appeal to wider audiences.
MajorsMay 22, 2026
Stuller’s New Packaging, Display Catalog Is Out The updated catalog has a newly dedicated section for gift wrapping.
Weekly QuizMay 21, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
PodcastsMay 21, 2026
Episode 5: Sotheby’s Frank Everett Puts the Auction Market in PerspectiveEverett covers colored stones’ surging popularity, the mellow return of the “Mellon Blue,” and his “The Devil Wears Prada” doppelgänger.
IndependentsMay 21, 2026
Springer’s Jewelers’ New Flagship Will Serve Next-Gen Luxury ShoppersFourth-generation CEO Lilly Mullen wants to emphasize experience, connection, and personalized service.
Brought to you by
How Modern Training Is Becoming a Competitive Advantage for Jewelry RetailersWith the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.
Events & AwardsMay 21, 2026
JA Announces Nina Pugliese Memorial ScholarshipThe new award, created in partnership with Henne Jewelers, honors the late designer’s legacy through supporting jewelry education.
SourcingMay 21, 2026
Botswana, Angola Join WFDBThe addition of the diamond-producing countries as nation affiliated members broadens the federation’s global representation, WFDB said.
CrimeMay 20, 2026
NYPD Warns of Jewelry Swap Scams Targeting SeniorsThe NYPD is warning elderly New Yorkers to keep their jewelry hidden when walking outside to avoid being a target.
IndependentsMay 20, 2026
Adornment & Theory’s New Store Feels Like Home Designer Viviana Langhoff has realized her dream of owning a space for her Chicago jewelry store that looks and feels like her brand.
Events & AwardsMay 20, 2026
Here Is Couture’s 2026 Education Lineup The sessions will run from Friday, May 29, to Sunday, May 31, with one being a live taping of an episode of Couture’s podcast.
Lab-GrownMay 20, 2026
Savannah Friedkin Jewelry Names New CEOFormer Stephanie Gottlieb Fine Jewelry executive Morgan P. Richardson is joining the lab-grown diamond jewelry brand.
WatchesMay 19, 2026
Here’s the AP x Swatch Pocket Watch That Caused PandemoniumThe $400 pocket watch is a blend of Audemars Piguet’s iconic eight-sided Royal Oak and Swatch’s unserious Pop watches from the ‘80s.
CollectionsMay 19, 2026
Chris Ploof’s New Collection Makes an Ancient Metal ModernWith gold prices on the rise, the “Modern Electrum” collection uses an alternative, non-tarnishing metal alloy composed of gold and silver.
IndependentsMay 19, 2026
Ellen and Michael Fruchtman Retire, Sell Marketing Agency Fruchtman Marketing has new owners, Erin Moyer-Carballea and Manuel Carballea, and will relocate to Miami.
ColumnistsMay 19, 2026
Peter Smith: The (Mostly) Immutable Sales TruthsIn a column for the 2026 State of the Majors issue, Smith lists 10 time-tested principles about sales that still ring true.
ColumnistsMay 18, 2026
Edahn Golan: What a K-Shaped Economy Means for Fine JewelryIn a column for the 2026 State of the Majors issue, Golan spells out how the growing economic divide in the U.S. is reshaping the market.
CollectionsMay 18, 2026
Foundrae’s New Collection Taps Into JoyThe “Limitless Expansion of Joy and Hope” collection evokes summer through colored gemstones and motifs of butterflies and florals.
CollectionsMay 18, 2026
Hancocks London Acquires Historic ‘Inchiquin’ EmeraldThe jewel, circa 1890, is from the late Victorian era and was owned by descendants of the last high king of Ireland.
Events & AwardsMay 18, 2026
Here Are the 2026 JCK Industry Fund Grant Recipients This is what the nine recipients plan to do with the funds.
AuctionsMay 15, 2026
American Collector Ponies Up Almost $17K for John Wayne’s RingThe Western star’s 14-karat gold signet ring sold for six times its low estimate following a bidding war at U.K. auction house Elmwood’s.
Events & AwardsMay 15, 2026
JA, MJSA To Sponsor Roundtable at TJSThe discussion, "Rebuilding the Jewelry Workforce," will take place on Saturday, May 16, in Troy, Michigan.
SourcingMay 15, 2026
State of Diamonds: The Way Forward for Natural DiamondsThe jewelry industry is reassessing its positioning as Gen Z reshapes the retail landscape and lab grown continues to gain market share.
AuctionsMay 14, 2026
White Diamonds Lead Sotheby’s Auction, Blue Diamond Does Not SellA matching pair of 18.38-carat, D-color diamonds from Botswana’s Jwaneng mine sold for $3.3 million, the top lot of the jewelry auction.
Supplier BulletinMay 14, 2026
A Diamond Is Forever Continues Desert Diamonds – Bridal ReinvigoratedSponsored by A Diamond Is Forever
