Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Louis Vuitton continues to gain market share throughout the world

18 october 2012

LVMH issued dynamic indicators for the first nine months of 2012, successfully developing the relentless commitment to excellence around the world.
Efficient in terms of development, LVMH shows a steady growth again and ensures a stable image of the "best" in luxury class. It is thanks to LVMH - people all over the world become addicted to luxury, every year increasing their requirements and expanding the price range. Today, the group has more than 2,500 shops and boutiques around the world.
The industry leader recorded revenue of €19.9 billion for the first nine months of 2012, an increase of 22% on the comparable period in 2011. After taking into account the consolidation of Bvlgari, as of 30 June 2011, and a positive currency impact, organic revenue grew by 10%.
The Group recorded a 15% rise in revenue for the third quarter. Organic revenue growth was 6%, a solid result in the current economic environment, particularly when compared to the strong performance in the same period of 2011.
The US market continued to demonstrate momentum. In spite of a challenging economic environment, Europe and Asia also contributed to the third quarter performance. The largest growth rate hold in the "Watches & Jewelry" category increased by 68% to € 2,033 million, compared to 2011 € 1,212 million. The most attractive category by volume remains as always "Fashion & Leather Goods", received in its portfolio € 7,179 million, increased by 16%.
Despite the background of an economic slowdown in Europe, LVMH remains confident in its outlook for 2012. The Group will continue to pursue its proactive strategy centered on innovation and targeted geographic expansion in the most promising markets. LVMH will rely on the power of its brands and the talent of its teams to further extend, in 2012, its global leadership position in luxury products.
The advantageous merger of two powerful labels Moët Hennessy and Louis Vuitton in not far 1987 brought out LVMH to the leader number one. Currently the group has more than 60 world's most prestigious marks and brands in five businesses: Wines & Spirits, Fashion & Leather Goods , Perfumes & Cosmetics, Watches & Jewelry, Selective luxury Retailing.
During the quarter and to date, no events or changes have occurred which could significantly modify the Group’s financial structure, said in the last press-release of LVMH.

Veronica Novoselova, Rough&Polished correspondent in Italy