LVMH saw sales of jewelry and watches surge in the third quarter, buoyed by a strong performance from Tiffany & Co.Revenue from the category jumped 25% year on year to EUR 2.67 billion ($2.58 billion) in the three months ending September 30, LVMH reported Tuesday. Sales in the US, Europe.
News: Mixed expectations for the holiday season. US jewelry sales steady, but economic uncertainty affecting sentiment. IMF lowers 2023 global growth forecast due to China slowdown, Ukraine war and inflation pressure. Jewelry outpacing other luxury sectors, says Mastercard. LVMH 3Q jewelry and.
Distinguishing natural diamonds from laboratory-grown stones has been difficult for jewelers. Until now.
The Growing Popularity of Laboratory-Grown Diamonds
Laboratory-grown diamonds are increasingly available in greater quantities, higher quality and new colors at price points that.
US e-commerce is expected to grow at a slower pace this holiday season due to inflation and a challenging economic environment, according to Adobe Analytics.Sales will rise 2.5% year on year to $209.7 billion over the November-to-December period, Adobe predicted in its annual holiday shopping.
US jewelry sale increased in September even as other luxury categories lost steam, according to Mastercard SpendingPulse.Revenue for the category grew 7% year on year during the month, Mastercard reported last week. The rise comes despite the effects of inflation, which influenced a 5% decline.