Sales Results From Swatch, LVMH & More

All but one of these companies are celebrating a stellar sales season.1. First-half net profits at the Swatch Group soared 24.5 percent to a record $721 million. Sales were $3.9 billion, up 11 percent.2. Sales at LVMH’s watch and jewelry division—which includes such brands as TAG Heuer, De Beers Diamond Jewellers, Dior Watches, and Chaumet—rose 30 percent for the second half of the year to $628 million; profits jumped a whopping 73 percent to $71 million.3. Second-quarter net sales for ­­­moissanite manufacturer Charles & Colvard were $3 million, down 10 percent from last year. The company also posted a $103,000 net loss.4. Birks & Mayors’ net sales for the first quarter of FY 2012 were $71.2 million, up 18.8 percent. Comp sales jumped 10 percent.5. Russian diamond producer Alrosa saw a fivefold increase in net profit the first half of the year to $594 million. The ave

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).


Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out