LVMH saw revenue from its watch and jewelry division slip by 5 per cent during the first nine months of 2024 to $8.2bn.
Across all its 75 maisons the French luxury conglomerate reported a 2 per cent dip for the same period, to $66.1bn.
LVMH said it had shown “good resilience” and that it remained confident in an uncertain economic and geopolitical environment
It said it would “maintain a strategy focused on continuously enhancing the desirability of its brands, drawing on the authenticity and quality of its products, excellence in distribution and agile organization.”
LVMH’s eight watch and jewlery brands – Bvlgari, Chaumet, Fred, Hublot, Repossi, Tag Heuer, Tiffany & Co and Zenith – generated a total of $11.8bn in 2023. The company does not provide a brand-by-brand earnings breakdown.
It said the third quarter decline in revenue across all LVMH brands was largely due to a stronger yen and lower growth in Japan.
Diamonds have the power to transform the look of a watch completely. It can give sportive watches a touch of elegance, where it makes quite a difference if the understated baguette-cut is selected, or the more vibrant brilliant cut, while a mixture of both has an appeal of its own as well. For Hublot, diamonds are part of the ‘Art of Fusion,’ as they seamlessly integrate them in the following four stunning watches;
Spirit of Big Bang High Jewelry As can be expected from a brand like Hublot, does it not settle for just an ordinary setting when decorating one of their watches with diamonds. This Spirit of Big Bang is the perfect example of this. Hublot took different shapes and sizes of diamonds and set them in the case, dividing each with a white gold rim that holds the gemstone. Such a setting is extremely difficult to accomplish, especially on the already complex case shape of the Spirit of Big Bang. The result is breathtaking, as it looks like cracked ice with an ice-hole at the bottom through which we don’t see water, but a tourbillon.
Classic Fusion Aerofusion Chronograph High Jewelry It is improbable that James Bond will ever sport a diamond-set watch on the big screen, but when he does, this Classic Fusion Aerofusion Chronograph High Jewelry might be perfect. It is another watch in which Hublot utilizes a very complex setting, creating an effect very much like the gun barrel sequence at the start of each James Bond movie. It gives the Classic Fusion Aerofusion Chronograph a very dynamic look, not commonly associated with a diamond-set watch. Hublot went even as far as setting the skeletonized dial with diamonds, another feature not easy to accomplish. It is offered in white gold, but also in King gold, where it shows a different side of its character.
Big Bang MP-11 High Jewellery The Big Bang MP-11 imposes with its seven series-coupled mainspring barrels, which give the watch a power reserve of 14-days. As they are horizontally aligned at the bottom of the movement, the sapphire crystal has a slight dome to accommodate them underneath. The case has this dome also, and while already stunning in the regular edition, the High Jewellery version is even more breathtaking. Here Hublot opted for a very close setting of baguette-cut diamonds, which make it look like most of the watch is made out of a solid gemstone.
Hublot Big Bang Tourbillon Power Reserve 5 Days High Jewellery Sometimes you want it all, with both the watch and the bracelet completely set with diamonds. The Hublot Big Bang Tourbillon Power Reserve 5 Days High Jewellery offers just that, combined with a generous five-day power reserve and a tourbillon. The watch is set in such an exquisite way that hardly any part of the white gold case and bracelet shows. To achieve this, Hublot used 1.574 diamonds, with a total carat weight of 84.90. The fun part of this watch is that it also comes with Hublot’s patented ‘One-click system,’ which enables you to switch between the diamond set bracelet and a rubber or alligator strap in a matter of seconds.
Diamonds have the power to transform the look of a watch completely. It can give sportive watches a touch of elegance, where it makes quite a difference if the understated baguette-cut is selected, or the more vibrant brilliant cut, while a mixture of both has an appeal of its own as well. For Hublot, diamonds are part of the ‘Art of Fusion,’ as they seamlessly integrate them in the following four stunning watches;
Spirit of Big Bang High Jewelry
As can be expected from a brand like Hublot, does it not settle for just an ordinary setting when decorating one of their watches with diamonds. This Spirit of Big Bang is the perfect example of this. Hublot took different shapes and sizes of diamonds and set them in the case, dividing each with a white gold rim that holds the gemstone. Such a setting is extremely difficult to accomplish, especially on the already complex case shape of the Spirit of Big Bang. The result is breathtaking, as it looks like cracked ice with an ice-hole at the bottom through which we don’t see water, but a tourbillon.
Classic Fusion Aerofusion Chronograph High Jewelry
It is improbable that James Bond will ever sport a diamond-set watch on the big screen, but when he does, this Classic Fusion Aerofusion Chronograph High Jewelry might be perfect. It is another watch in which Hublot utilizes a very complex setting, creating an effect very much like the gun barrel sequence at the start of each James Bond movie. It gives the Classic Fusion Aerofusion Chronograph a very dynamic look, not commonly associated with a diamond-set watch. Hublot went even as far as setting the skeletonized dial with diamonds, another feature not easy to accomplish. It is offered in white gold, but also in King gold, where it shows a different side of its character.
Big Bang MP-11 High Jewellery
The Big Bang MP-11 imposes with its seven series-coupled mainspring barrels, which give the watch a power reserve of 14-days. As they are horizontally aligned at the bottom of the movement, the sapphire crystal has a slight dome to accommodate them underneath. The case has this dome also, and while already stunning in the regular edition, the High Jewellery version is even more breathtaking. Here Hublot opted for a very close setting of baguette-cut diamonds, which make it look like most of the watch is made out of a solid gemstone.
Hublot Big Bang Tourbillon Power Reserve 5 Days High Jewellery
Sometimes you want it all, with both the watch and the bracelet completely set with diamonds. The Hublot Big Bang Tourbillon Power Reserve 5 Days High Jewellery offers just that, combined with a generous five-day power reserve and a tourbillon. The watch is set in such an exquisite way that hardly any part of the white gold case and bracelet shows. To achieve this, Hublot used 1.574 diamonds, with a total carat weight of 84.90. The fun part of this watch is that it also comes with Hublot’s patented ‘One-click system,’ which enables you to switch between the diamond set bracelet and a rubber or alligator strap in a matter of seconds.
Swiss watch exports plunged in April as coronavirus lockdowns brought the entire supply chain to a near halt.
“Swiss watch exports were extremely low in April as a direct result of the standstill in production, distribution and sales, causing them to collapse,” the Federation of the Swiss Watch Industry reported Tuesday.
Shipments slid 81% to CHF 328.8 million ($339.1 million) for the month, with nearly all markets declining significantly. Orders from Hong Kong plummeted 83% to CHF 42.2 million ($43.5 million), while supply to the US dropped 86% to CHF 27.9 million ($28.8 million). Exports to Japan fell 86% to CHF 19.5 million ($20.1 million).
The decline in China was more mild, slipping 16% to CHF 110.3 million ($113.7 million), and accounting for one-third of total Swiss watch exports in April, as the economy began to recover. However that compares with an increase of 11% to CHF 155.9 million ($160.6 million) in March. In February, shipments to China fell 52% due to the coronavirus.
All price categories “contracted sharply,” as exports of timepieces valued between CHF 500 ($516) to CHF 3,000 ($3,095) declined 72% by value. Watches worth more than CHF 3,000 dropped 86%.
Shipments of timepieces made from precious metal decreased 82% to CHF 102.4 million ($105.6 million). Supply of gold and steel watches saw the steepest decline, tumbling 90% to CHF 28.4 million ($29.3 million).
Swiss watch exports plunged in April as coronavirus lockdowns brought the entire supply chain to a near halt.
“Swiss watch exports were extremely low in April as a direct result of the standstill in production, distribution and sales, causing them to collapse,” the Federation of the Swiss Watch Industry reported Tuesday.
Shipments slid 81% to CHF 328.8 million ($339.1 million) for the month, with nearly all markets declining significantly. Orders from Hong Kong plummeted 83% to CHF 42.2 million ($43.5 million), while supply to the US dropped 86% to CHF 27.9 million ($28.8 million). Exports to Japan fell 86% to CHF 19.5 million ($20.1 million).
The decline in China was more mild, slipping 16% to CHF 110.3 million ($113.7 million), and accounting for one-third of total Swiss watch exports in April, as the economy began to recover. However that compares with an increase of 11% to CHF 155.9 million ($160.6 million) in March. In February, shipments to China fell 52% due to the coronavirus.
All price categories “contracted sharply,” as exports of timepieces valued between CHF 500 ($516) to CHF 3,000 ($3,095) declined 72% by value. Watches worth more than CHF 3,000 dropped 86%.
Shipments of timepieces made from precious metal decreased 82% to CHF 102.4 million ($105.6 million). Supply of gold and steel watches saw the steepest decline, tumbling 90% to CHF 28.4 million ($29.3 million).
