FinancialsSep 12, 2024
Signet Jewelers’ Q2 Sales Fall 8% FinancialsOct 16, 2024
LVMH Jewelry, Watch Sales Down 5 Percent So Far This Year
Sales slipped 4 percent in the third quarter in an environment the company described as economically and politically uncertain.
An image from Tiffany & Co.’s “With Love, Since 1837” campaign, which it launched earlier this year. Tiffany & Co. is part of LVMH’s Watches & Jewelry division, which saw sales decline 4 percent on an organic basis in the third quarter.
Paris— LVMH’s watch and jewelry sales slipped again in the third quarter against a backdrop of global economic and political uncertainty and continued weakness in China.
The Paris-based luxury conglomerate reported Tuesday that third-quarter sales in its Watches & Jewelry division totaled €2.39 billion ($2.60 billion) compared with €2.52 billion ($2.74 billion) a year ago, a 4 percent year-over-year decline on an organic basis.
Year-to-date, LVMH’s watch and jewelry sales have totaled €7.54 billion ($8.21 billion), down 5 percent year-over-year (3 percent on an organic basis).
In the release announcing the results, LVMH called out a few of its brands.
It described Tiffany & Co.’s new “Tiffany Titan by Pharrell Williams” collection as being “exceptionally well received,” and said Chaumet enjoyed “high visibility” over the summer because it designed the medals for the Paris Olympic and Paralympic Games.
Tiffany & Co. also continued to roll out its new concept stores in major markets while celebrating the 50th anniversary of Elsa Peretti’s designs for the jeweler.
Related stories will be right here …
The Paris-based luxury conglomerate reported Tuesday that third-quarter sales in its Watches & Jewelry division totaled €2.39 billion ($2.60 billion) compared with €2.52 billion ($2.74 billion) a year ago, a 4 percent year-over-year decline on an organic basis.
Year-to-date, LVMH’s watch and jewelry sales have totaled €7.54 billion ($8.21 billion), down 5 percent year-over-year (3 percent on an organic basis).
In the release announcing the results, LVMH called out a few of its brands.
It described Tiffany & Co.’s new “Tiffany Titan by Pharrell Williams” collection as being “exceptionally well received,” and said Chaumet enjoyed “high visibility” over the summer because it designed the medals for the Paris Olympic and Paralympic Games.
Tiffany & Co. also continued to roll out its new concept stores in major markets while celebrating the 50th anniversary of Elsa Peretti’s designs for the jeweler.
Bulgari celebrated 140 years with the celebrity-filled “Eternally Reborn” campaign and a new collection, “Bulgari Tubogas,” which took cues from the tubogas jewelry it created in the 1940s.
LVMH also noted that watch brand TAG Heuer will be involved in its new 10-year global partnership with Formula 1, announced earlier this month.
As a whole, LVMH’s third-quarter sales totaled €19.08 billion ($20.8 billion), a decline of 3 percent on an organic basis.
The results fell short of analysts’ expectations, causing the luxury conglomerate’s shares to drop 7 percent on Wednesday.
In the first nine months of the year, sales have totaled €60.75 billion ($66.15 billion), essentially flat year-over-year, with sales of Fashion & Leather Goods—considered the company’s key division—Wines & Spirits, and Watches & Jewelry all on the decline.
Both the company’s Perfumes & Cosmetics and Selective Retailing divisions have seen sales increase, though only nominally.
Selective Retailing includes Sephora, Le Bon Marché, and the DFS duty-free stores in airports.
More on Financials
The Latest
AuctionsMar 18, 2026
Collection of the ‘Severely Beautiful’ Lady Wardington Fetches $161KThe model and fashion editor’s gold evening bags were the top lots at the London sale, going for more than $25,000 each.
PodcastsMar 18, 2026
Episode 3: An Interview With Jewelry Designer Johnny NelsonFresh off winning the David Yurman Gem Awards Grant, Nelson discusses the ring that launched his career and his plans for the future.
SourcingMar 18, 2026
Lucara Recovers Nearly 37-Carat Blue DiamondThe “stunning” Type IIb stone was found via x-ray technology at its Karowe mine in Botswana.
Brought to you by
Protect Your Customers and Your BusinessYou deserve to know what you are selling–to protect your customers as well as your business and your reputation.
MajorsMar 18, 2026
Stuller Releases New Edition of Jewelry Education Book“The Basics of Jewelry” has been updated to include modern topics and visuals.
Weekly QuizMar 12, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Events & AwardsMar 17, 2026
The Best Moments From the 2026 Gem Awards Held just before the Oscars, the jewelry industry’s big awards show had its share of standout jewelry, gowns, and acceptance speeches.
SourcingMar 17, 2026
Cruzeiro Mine Debuts ‘Winter Tourmaline’The Brazilian mine’s new collection features cabochons in soft, muted shades like silver and lilac.
Brought to you by
Is This You? Every Jeweler Has This Problem; We Have the Solution.Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.
TrendsMar 17, 2026
Natalie Portman Is Tiffany & Co.’s New AmbassadorThe Academy Award-winning actress stars in Tiffany & Co.’s latest commercial, which debuted Sunday night during the Oscars.
MajorsMar 17, 2026
Kering Establishes Jewelry Division, Appoints CEOThe organizational change follows Kering’s promise of a transformation after declining sales in 2025.
EditorsMar 16, 2026
2026 Oscars Jewelry: One Necklace After AnotherNatalie Francisco rounds up the top Oscars jewels, including Rose Byrne’s Taffin necklace with a more than 20-carat yellow-brown diamond.
WatchesMar 16, 2026
TAG Heuer Has a New CEOBéatrice Goasglas has been with TAG Heuer since 2018. She is the first woman to head the 166-year-old, LVMH-owned watch brand.
IndependentsMar 16, 2026
Ben Bridge Debuts New Honolulu BoutiqueThe store features the first in-store build for the jeweler’s in-house “Bella Ponte” bridal brand.
AuctionsMar 16, 2026
Bonhams Paris To Offer Antique, Signed Jewels The live fine jewelry auction will take place later this week, showcasing antique pieces, rare gemstones, and signed jewels.
CollectionsMar 13, 2026
A Trio of Jewels from the 3 Gem Award Nominees for Jewelry DesignOur Pieces of the Week honor the 2026 nominees for the Gem Award for Jewelry Design, Silvia Furmanovich, Cece Fein-Hughes, and Catherine Sarr.
WatchesMar 13, 2026
Citizen, Vera Wang to Launch Watch CollectionThe 24-piece watch collection is set to debut in spring 2027.
SourcingMar 13, 2026
Andrea Pooler Joins Third-Generation Diamond Company as COO Pooler, who has more than 25 years’ experience in jewelry, is now chief operating officer of Modani Jewels, Soham Diamonds, and SNJ Creations.
MajorsMar 13, 2026
24 Karat Club of New York’s Banquet to Return to Waldorf AstoriaThe reopening of the Waldorf Astoria means a homecoming for the industry group’s annual event, which will take place Saturday.
CollectionsMar 12, 2026
Jessica McCormack Sends Gold, Gemstones Into ‘Orbit’McCormack looked to the 19th century’s “golden age” of astronomy when designing her new celestial-themed collection.
Events & AwardsMar 12, 2026
Johnny Nelson Wins David Yurman Gem Awards GrantNelson will be honored as the inaugural grant winner at the Gem Awards gala on Friday.
TechnologyMar 12, 2026
Caratwise Launches, Names Former Signet Exec CEO The new smart design software allows jewelers to configure, price, and confirm a custom engagement ring in real time for in-store customers.
SourcingMar 12, 2026
Grandview Klein Opens New Factory in South Africa The 10,000-square-foot diamond manufacturing facility officially opened in late February and employs 50 people.
Events & AwardsMar 12, 2026
MJSA ‘Future of Jewelry Making’ Scholarship Applications OpenThe MJSA Education Foundation’s scholarships support students pursuing jewelry careers.
AuctionsMar 11, 2026
‘Spectacular’ 26-Carat Diamond Going Up for Auction in London The largest white diamond to come to market in the U.K. in more than a decade, the VVS1, I-color stone is expected to top $1 million.
TechnologyMar 11, 2026
Cast Jewelry’s Rachel Skelly on Coming Back Online Only Skelly shares her plans for reimagining the fine jewelry retailer she re-acquired after it faltered last year.
CollectionsMar 11, 2026
Pyrrha Highlights ‘The Space Between’ In New CollectionThe collection takes inspiration from the emotional space between people, moments, and experiences.
IndependentsMar 11, 2026
From the Jazz Age to the Information Age: London Jewelers Turns 100In 2026, the jewelry retailer is celebrating a milestone only a small percentage of family-owned businesses survive to see.
