Luxury group LVMH Moët Hennessy Louis Vuitton's jewellery business recorded a 4 percent growth in revenues in the first half of the year, fuelled by Bulgari’s strong performance.  

Overall revenues were up 15 percent year on year to €25.1 billion (around US$28 billion) in the first six months of 2019. The group highlighted strong growth in Asia, the US and Europe, particularly in France, which saw a rebound in the second quarter.

According to LVMH, Bulgari made good progress in its stores and continued to gain market share, with its iconic lines Serpenti, B.Zero1, Diva and Fiorever heavily contributing to growth. Its new high-end jewellery collection, Cinemagia, which was presented in June in Capri, was also well-received. 

For Chaumet, the newly launched Bee My Love Collection, and the Liens and Josephine lines were the main growth drivers, revealed LVMH. Luxury watch TAG Heuer meanwhile focused on its flagship lines, while Hublot continued to actively grow and develop its store network. A maiden exhibition of LVMH’s Swiss watch Maisons is scheduled for January 2020 in Dubai.

Bernard Arnault, chairman and CEO of LVMH, commented, “We are entering the second half of the year with confidence and count on the talent of our teams and their shared entrepreneurial passion to further increase, once again in 2019, our leadership in the world of high-quality products.”