LVMH’s watch and jewelry sales totaled $1.7 billion in the third quarter, a 76 percent increase over 2010.
The sector recorded organic revenue growth of 26 percent over the first nine months of 2011. The quarter was also marked by the successful public offer for the outstanding minority shares in Bulgari—which the company stated is performing well across all product categories.
TAG Heuer enhanced its feminine product offering with a new jewelry extension to its Formula 1 line and has expanded its presence in Asia. Hublot continues the successful roll-out of the Classic Fusion collection, and Zenith continues to demonstrate the strong appeal of its high-quality chronographs. The Chaumet, Fred, and De Beers brands continued their positive momentum through their own store networks.
The company raked in $22 billion during the first nine months of 2011, an increase of 15 percent over the same period in 2010.