LVMH Watches & Jewellery Sales Rise 9% in First Half of 2026
LVMH reported growth in the first half of 2026, with its Watches & Jewellery division recording a 9% increase in sales compared with the same period last year.
The luxury group generated revenue of €38.6 billion during the first six months of the year despite continued geopolitical and economic uncertainty. Organic revenue growth reached 3%, rising to 4% when excluding the impact of the conflict in the Middle East.
The results follow positive first-half performances reported by other major groups in the watch industry, including Richemont and Swatch Group.
Watches & Jewellery Revenue Reaches €5.225 Billion
LVMH's Watches & Jewellery business recorded revenue of €5.225 billion during the first half of 2026, up 9% compared with the corresponding period in 2025.
Growth strengthened during the second quarter, when sales increased by 11% year on year. Operating profit for the division also rose by 9%.
The figures make Watches & Jewellery one of the group's stronger-performing business divisions during the period.
LVMH's watch and jewellery portfolio includes several major names in the industry, including Bulgari, TAG Heuer, Hublot, Zenith and Tiffany & Co.
Growth Strengthens Across Several Markets
LVMH also reported improving trends across a number of important geographical markets during the first half of 2026.
Growth accelerated in the United States, while Asia excluding Japan continued the improvement that began during the second half of 2025. Japan also recorded growth during the first six months of 2026.
Europe remained resilient, with growth strengthening during the second quarter.
These regional trends contributed to the group's overall organic revenue increase despite a trading environment that continued to be affected by geopolitical and economic uncertainty.
Watches and Jewellery Show Stronger Growth
The 9% increase reported by Watches & Jewellery highlights the division as one of LVMH's stronger areas of growth during the first half of the year. The 11% year-on-year increase recorded in the second quarter also shows that sales growth strengthened as the period progressed.
The performance is particularly notable for the watch industry given the scale of LVMH's portfolio, which includes TAG Heuer, Hublot, Zenith, Bulgari and Tiffany & Co.
With first-half Watches & Jewellery revenue reaching €5.225 billion and second-quarter sales up 11% year on year, the division delivered a positive performance during the first six months of 2026.
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