Tiffany & Co. is proving to be LVMH's crown jewel

American darling Tiffany & Co. is bringing successful immoderate superior rate for its French parent.

LVMH reported 9% maturation successful its watch and jewelry vertical successful the latest half of the twelvemonth compared to the aforesaid play past year, driven by income successful the US, Asia, and Japan.

Tiffany was a big reason for the growth, said LVMH CEO Bernard Arnault, France's richest man.

Arnault said successful a Monday net telephone that Tiffany, which it acquired for $15.8 cardinal successful 2020, was increasing because of its iconic merchandise lines, the HardWear and Knot collections. LVMH's finance chief, Cécile Cabanis, added that the HardWear and Knot collections grew by astir 75% and 50% successful the past six months, respectively.

Tiffany's bet connected precocious jewelry was besides paying off, Arnault said. LVMH announced successful January that Tiffany was pivoting distant from its iconic metallic jewelry and going each successful connected golden and precocious jewelry, wherever it was seeing much demand.

The 77-year-old luxury tycoon said during the net telephone that Tiffany was renovating its unit stores, pinch astir 40% refurbished frankincense far.

LVMH's watches and jewelry line, which earned 5.23 cardinal euros, aliases $5.94 billion, successful the past six months, was besides boosted by Bulgari's beardown capacity pinch precocious jewelry and watches, Arnault said. Its Serpenti, Diva, and B.zero1 lines person been peculiarly successful, he added.

Monday's results show a glimmer of dream for the luxury conglomerate, which has had a bid of difficult quarters. Its gross has been successful the reddish since the first half of 2024.

It saw its income driblet aft COVID-era aspirational shoppers pulled backmost connected their spending aft the pandemic, starring to an industry-wide luxury slump. Economic pressures successful China besides caused LVMH to suffer favour pinch 1 of its largest user bases.

It saw further challenges from President Donald Trump's tariffs past year. Arnault embraced barren humor erstwhile talking astir the agelong bout of anemic financial performance, saying successful a January net call, "I deliberation we'll make it done the winter."

LVMH's banal value had risen astir 1.1% erstwhile markets closed connected Monday.