Our main role is to inspire consumers to consider diamonds - Jean-Marc Lieberherr

With over 25 years of experience in a variety of leadership positions across many geographies, functions and businesses, Jean-Marc Lieberherr has more than 10 years’ experience as a diamond industry leader, which includes as a Board member of the World...

Yesterday

Training in diamond valuation is key for artisanal miners

Ian Rowe, the Executive Director of the Diamond Development Initiative (DDI) was appointed in September 2019, having joined DDI as Deputy Executive Director a year earlier. Ian managed field operations in Sierra Leone within this role and led...

02 december 2019

Kangalassi 2.0: Raising the living standards, creating new jobs

At the V Eastern Economic Forum (EEF) held in early September in Vladivostok, the Yakut company SAYBM signed a tripartite agreement with two agencies - the Far Eastern agency and the regional one - for attracting investments and providing export...

25 november 2019

We live in a new dimension of environmental responsibility carried by business

In mid-October, Moscow hosted the VIII Ecological Forum attended by representatives from the State, large industrial companies, scientific and public organizations. The forum delegates discussed the issues related to finding a balance between the socio-economic...

18 november 2019

De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

Watch and jewellery contributed to LVMH revenue growth in H1

07 august 2019

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of 25.1 billion euros in the first half of 2019, up 15%. Revenue from watches and jewellery division in H1 2019 showed growth of 4% compared to the same period last year.  

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Image credit: Hublot


Profit from recurring operations was up 5%. Bvlgari made good progress in its stores and continued to gain market share. The iconic lines Serpenti, B.Zero1, Diva and Fiorever contributed to this performance. Its new high-end jewelry collection, Cinemagia, presented in June in Capri, was very well received. At Chaumet, the success of its Bee My Love collection and its iconic Liens and Josephine lines were the main growth drivers of the Maison. TAG Heuer continued to focus on its flagship lines, while Hublot continued to actively grow and develop its store network.
The organisation of the first exhibition of the LVMH Swiss watch Maisons was announced for January 2020 in Dubai.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg