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LVMH jewellery and watches arm rises 5%

The jewellery and watches division of luxury good group LVMH Moet Hennessy Louis Vuitton has reported a 5% lift in revenues for the first nine months of the year.

LVMH said that while watches continued to be affected by “cautious purchasing of multi-brand retailers”, the third quarter showed “notable acceleration” on the jewellery side, driven mainly by Bvlgari, with revenues climbing to 42 million euro to 1.

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