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French luxury conglomerate LVMH Moët Hennessy Louis Vuitton reported solid first-half sales at its high-end jewellery division on the back of steady market demand.
Revenues from the group’s watches and jewellery business rose 16 per cent to €4.91 billion (around US$4.96 billion) during the first half of 2022, buoyed by robust consumer interest in new collections at Tiffany & Co as well as classic pieces from Bulgari.
Overall revenues were up 21 per cent to €36.7 billion (around US$37.2 billion), with all business groups achieving double-digit organic growth.
“In jewellery, Tiffany & Co enjoyed an excellent half-year, still driven by strong momentum in the...
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