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 US. The new Knot collection notably benefited from sustained demand as did the Tiffany Blue Book collection, which saw record sales,” revealed LVMH. 

At Bulgari, the Serpenti and Bzero1 Classic lines drove sales while the recently unveiled high jewellery collection, Eden: The Garden of Wonders, alongside Bulgari timepieces, reached record growth. 

Jewellery maisons Chaumet and Fred likewise performed well over the first half while several watchmaking innovations from TAG Heuer, Hublot and Zenith were unveiled at the Watches & Wonders Geneva summit.

Bernard Arnault, chairman and CEO of LVMH, commented, “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.”