Diamond News Archives
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(IDEX Online) - Year-on-year prices were up 10.1 per cent in July, the highest figure for at least eight years, according to IDEX Online's research. Prices have been showing positive growth since January, and bigger increases with every successive month. The last peak, in July 2018, was 5.7 per cent. That was followed by nine months of slowdown and 18 months of negative growth. The inevitable questions here are whether we've reached a peak, and when the bubble will burst....
IDEX Online subscribers please clickhere [1]to read the full report.
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- Category: News Archives
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(IDEX Online) - LVMH sales of watches and jewelry more than trebled in the first half of 2021, the company said - up to $4.75bn.
The French luxury conglomerate said Tiffany & Co, which it acquired earlier this year for $16.2bn after prolonged negotiations, had performed extremely well.
"The first half saw the integration for the first time of iconic jewelry maison Tiffany, which has benefited from the new team's focus on its iconic products," said LVMH.
Its watches and jewelry business group recorded organic revenue growth of 71 per cent in the first half of 2021 compared to the same period in 2020, and five per cent compared to that in 2019 (excluding Tiffany).
Profit from recurring operations was up 122 per cent, compared to the first half of 2019 and 27 per cent excluding the Tiffany integration.
Bernard Arnault, chairman and CEO, said LVMH had enjoyed "an excellent half-year"....
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