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
MajorsAug 05, 2026
Private Equity Firm Wants to Buy 100+ JCPenney StoresOnyx Partners has submitted a second offer to buy the department stores after its first offer fell through last year.
IndependentsAug 05, 2026
Atlanta Jeweler Introduces $10K MartiniSolomon Brothers Jewelers has partnered with local cocktail bar Roaring Social on a new martini garnished with a tennis necklace.
IndependentsAug 05, 2026
Another Member of the Siegel Family Joins Hamilton Jewelers Benjamin Siegel, son of President and CEO Hank Siegel, started working for the family business this week.
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying EventsRetailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.
MajorsAug 05, 2026
Bulgari Opens Store in San DiegoThe new space features a modern design that blends Bulgari’s Roman heritage with San Diego’s coastal spirit.
Weekly QuizJul 30, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CrimeAug 04, 2026
Crew of Thieves Break Into Indiana Jeweler’s HomeFour men were charged in connection with the break-in and accused of stealing $365,000 in cash, jewelry, and designer goods.
MajorsAug 04, 2026
Pandora Hires Former Signet Board Member to Lead North American MarketAndré Branch has more than 25 years of experience with various brands, most recently serving as CEO of Ariana Grande’s cosmetics company.
Brought to you by
Wedding Band Trends 2026: Personalization Takes Center StageColored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.
MajorsAug 04, 2026
Sasha Primak Acquires GemlokNew York-based atelier Gemlok is best known for creating the innovative “bridge” setting that became popular in the bridal market.
CollectionsAug 04, 2026
Musician Carlos Santana Launches Jewelry BrandSantana Now's debut collection, “Unidad,” features symbolic motifs as well as pieces of wood from the Woodstock stage.
CrimeAug 03, 2026
Florida Man Gets 15 Years in Trio of Jewelry Store RobberiesThe 50-year-old man pleaded guilty earlier this year to robbing two jewelry stores and a pawn shop of more than $700,000 in merchandise.
WatchesAug 03, 2026
Citizen's New Spider-Man Watch Is a Collector’s DreamThe watch’s dial features an original design by Marvel comics illustrator Adam Kubert.
CollectionsAug 03, 2026
Chatham Releases First Men’s CollectionThe new collection of lab-grown diamond and colored gemstone jewelry provides a “fresh perspective” on the category, Chatham said.
TrendsAug 03, 2026
Amanda’s Style File: Spinel vs. Peridot While some August babies are team peridot, the month's time-honored birthstone, others are team spinel, the newer alternative.
TrendsJul 31, 2026
These Pieces of the Week Are Sweet Edina Kiss’ “Popsicle” pendant and Karina Choudhrie’s “Ice Cream” charm satisfy that summer craving for a sweet piece of jewelry.
MajorsJul 31, 2026
Macy’s Iconic Red Shopping Bag Sign Torn DownThe massive billboard has been in the same spot on the department store’s Herald Square flagship store for decades.
SourcingJul 31, 2026
Gemfields’ H1 Revenue Jumps 72%The miner’s ruby and emerald auctions brought in a combined $102.9 million.
SourcingJul 30, 2026
De Beers Sale in ‘Final, Most Challenging’ Phase, Anglo CEO SaysThe goal is for the De Beers sale to be finished by the second half of 2026, with the subsequent approvals process expected to take a year.
Policies & IssuesJul 30, 2026
JA Heads Back to Washington as New Wave of Tariffs Takes Effect David Bonaparte, along with Tim Haake and Ronnie VanderLinden, continue to lobby for tariff exemptions for diamonds, gemstones, and pearls.
SurveysJul 30, 2026
Consumer Confidence Slips in JulySurvey respondents were concerned about the rising prices of food and groceries as well as unemployment.
Events & AwardsJul 30, 2026
Vicenzaoro Releases 2026 Education LineupThe trade show, slated for Sept. 4-8 in Vicenza, Italy, will feature sessions on trends, AI, gemology, and manufacturing.
Events & AwardsJul 30, 2026
Hillsborough Show Moves to New Location for 2026The public shopping event featuring art, jewelry, watches, and rare collectibles, will take place in Santa Clara, California, this fall.
EditorsJul 29, 2026
Q&A: The Past and Future of Angola’s Diamond Industry Endiama Commercial Director Elton Escrivão knows people have a lot of misperceptions about Angola. He wants to change that.
MajorsJul 29, 2026
Kevin Reilly Retires After 39 Years in the Jewelry Industry Reilly has been with PGI USA for the last 20 years, leading partnership development and professional education.
Events & AwardsJul 29, 2026
Lauren Harwell Godfrey Designs a Flag for ArkansasShe was one of more than 120 American designers who created flags for the “United Flags of Fashion” project led by CFDA and Vogue.
ColumnistsJul 28, 2026
Peter Smith: Why Your Job Postings May Be Working Against You Smith reveals the method The Retail Smiths use to help retailers and vendors write better job postings.
CollectionsJul 28, 2026
Lionheart’s New Collection Unites Spiritual Iconography“Sacred Heart” features symbols like crosses, angel wings, the Star of David, and the evil eye as a representation of coexistence.
