LVMH Watch and Jewelry Revenue Down 5%

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.

Source: DCLA

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Diamond Buying And Selling Tips

 You may experience uncertainty when purchasing a diamond, particularly an engagement diamond. This is not unjustified with the increased incidence of treated diamonds, synthetic diamonds and diamond simulants, no to mention incorrectly certified or graded diamonds.

Some Quick Tips

Buy from a reputable jeweller. A reputable jeweller sells with genuine Diamond Grading Reports or Certificates.

Buy with a diamond grading report or certificate from an independent and recognised diamond grading laboratory. This ensures you have a natural, untreated diamond that has been graded accurately. DCLA is the only independent and internationally recognised laboratory in Australia.

Note that a “valuation” or “appraisal” is NOT a certificate.

Read the certificate carefully to ensure that you make an informed decision

Price comparison is only possible if you are comparing certified diamonds. Diamond Grading Reports and Certification allows you to compare prices without unknowingly sacrificing quality or natural origin.

Be cautious of “sales” which appear to be genuine but are nothing more than a large discount off an inflated price. If it seems to good to be true, it probably is.

Be cautious of internet retailers offering a huge selection of diamonds. Often many are not available – this is a classic baiting scam.

Buy a diamond that is cold laser inscribed. This identifies the diamond and ensures you get the one described by the diamond’s report or certificate.

Do not buy your diamond overseas, buy locally. This ensures you have recourse if anything is wrong.

Diamonds are priced the same way worldwide -there are no cheap diamonds, only lower quality.

Read more: DCLA

Diamond Buying And Selling Tips

 You may experience uncertainty when purchasing a diamond, particularly an engagement diamond. This is not unjustified with the increased incidence of treated diamonds, synthetic diamonds and diamond simulants, no to mention incorrectly certified or graded diamonds.

Some Quick Tips

Buy from a reputable jeweller. A reputable jeweller sells with genuine Diamond Grading Reports or Certificates.

Buy with a diamond grading report or certificate from an independent and recognised diamond grading laboratory. This ensures you have a natural, untreated diamond that has been graded accurately. DCLA is the only independent and internationally recognised laboratory in Australia.

Note that a “valuation” or “appraisal” is NOT a certificate.

Read the certificate carefully to ensure that you make an informed decision

Price comparison is only possible if you are comparing certified diamonds. Diamond Grading Reports and Certification allows you to compare prices without unknowingly sacrificing quality or natural origin.

Be cautious of “sales” which appear to be genuine but are nothing more than a large discount off an inflated price. If it seems to good to be true, it probably is.

Be cautious of internet retailers offering a huge selection of diamonds. Often many are not available – this is a classic baiting scam.

Buy a diamond that is cold laser inscribed. This identifies the diamond and ensures you get the one described by the diamond’s report or certificate.

Do not buy your diamond overseas, buy locally. This ensures you have recourse if anything is wrong.

Diamonds are priced the same way worldwide -there are no cheap diamonds, only lower quality.

Read more: DCLA