The jewelry and watch businesses of Buccellati, Cartier, and Van Cleef & Arpels all saw growth, driving a 4% year-on-year increase in sales for the jewelry segment.

In April, Swiss watch exports rebounded, with only the Chinese Mainland market showing a decline among the top twelve markets, including South Korea and Spain.

The total sales of the jewelry brand divisions, including Buccellati, Cartier, and Van Cleef & Arpels, increased by 6%, surpassing the €14 billion mark.

Antonio Belloni will step down as CEO and Chairman of the Executive Committee of LVMH Group, to be succeeded by Stéphane Bianchi, current CEO of the Watches and Jewelry division.

The Swiss watch industry concluded 2023 at a high level, with a year-on-year growth of 7.6% to 26.7 billion Swiss francs compared to the previous year.

Benefiting from a 25% year-over-year increase in sales in Mainland China, Hong Kong, and Macau, the Asia-Pacific market recorded a 13% growth in sales.

In 1995, U.S. NASA astronaut Chris Hadfield, aboard the […]

“The stories and achievements of the Swiss watch industry over the past fifty years can be known and resonated with by more people through Swatch’s watches and Swatch’s collaborations.”

Overall, the Chinese market, Jewelry Division, and both retail and online retail collectively contributed 74% to the group’s sales revenue.

In the current modern world, only swift market activiti […]