LVMH’s Watches & Jewellery division delivered one of the strongest performances across the luxury group in the first half of 2026, with organic revenue up 9% to €5.23 billion and Q2 organic growth accelerating to 11%. Profit from recurring operations rose 9% to €831 million, supported by improving operating margins.nationaljeweler+2

The outperformance was led by Tiffany & Co. and Bvlgari, whose iconic collections, high-jewellery push, and refreshed retail and marketing strategies drove double-digit growth momentum.

LVMH attributed the performance to the growing success of its jewellery Maisons’ iconic collections.Tiffany & Co. posted an “excellent performance”, continuing to strengthen its flagship Knot and HardWear collections while advancing the renovation of its global retail network. The brand also appointed actress Natalie Portman as its new ambassador.

Bvlgari also reported strong growth, unveiling Eclettica, a new artistic vision for its high jewellery and prestige watch collections that generated record-breaking revenue. The Maison also launched a new communication campaign centred on its iconic Serpenti collection.

Across the wider group, LVMH generated €38.64 billion in first-half revenue, with organic growth of 2%. Growth accelerated to 3% in the second quarter despite geopolitical and economic uncertainty. Profit from recurring operations stood at €8.69 billion, while operating free cash flow increased to €4.1 billion.