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Forbes reports that LVMH’s (BIT:LVMH) watches and jewelry business group reported that sales rose 30 percent.
Forbes reports that LVMH’s (BIT:LVMH) watches and jewelry business group reported that sales rose 30 percent.
The market news is quoted as saying,
Watches and jewelry sales benefited from sustained demand across all regions during the first half of 2011. Sales increased 52 percent in Asia, 29 percent in Europe, 28 percent in the U.S. and 8 percent in Japan. This business group is made up of Swiss luxury watch brands, Tag Heuer, Zenith and Hublot; Parisian timepiece and pen designer, Dior Montres; Parisian luxury jewelry houses FRED, Chaumet; and De Beers Jewellery (the diamond jewelry retail arm of the mining giant, which operates in a joint agreement with LVMH).