Jewelry sales and shoppers powered LVMH's 3% Q2 rise
LVMH posted a 3 percent revenue increase in the second quarter of 2026, powered largely by jewelry sales and shoppers in the United States. Watches and jewelry jumped 11 percent year over year, while first-half revenue reached nearly $44 billion, signaling a tentative rebound for the luxury sector.
Key Takeaways
- LVMH Q2 2026 revenue rose 3 percent, with first-half sales near $44 billion.
- Watches and jewelry led the group with an 11 percent year-over-year surge.
- U.S. shoppers helped fashion and leather goods rise 1 percent—the first gain in two years.
- TAG Heuer, Tiffany & Co., and Hublot helped drive the jewelry bounce.
- Rival Richemont also reported strong jewelry growth, up 24 percent in Q1.
What drove LVMH's latest revenue increase?
According to Robb Report, the luxury conglomerate's first-half 2026 revenue totaled nearly $44 billion. Second-quarter sales rose by 3 percent.
As a bellwether of the luxury industry, LVMH's results suggest a slight uptick for the sector amid geopolitical turmoil, rising gold prices, and a previously struggling high-end market.
How did jewelry sales and shoppers reshape the quarter?
Watches and jewelry outshone other categories in LVMH's roster. That cluster's sales soared by 11 percent in the second quarter, driven by brands such as TAG Heuer, Tiffany & Co., and Hublot.
Luxury shoppers in the United States led the charge. Affluent consumers spent on fashion and leather goods, lifting that section's sales by 1 percent—the first increase in that space for LVMH in two years.
The swell was due, in part, to Jonathan Anderson's first creations for Christian Dior and Louis Vuitton stores in Beijing and Seoul.
Why does this matter for the wider luxury market?
Jewelry is leading the charge across the industry as consumers focus more on dazzling gems than fashion and leather goods. That strength is helping high-end maisons buck a sluggish luxury market.
Competitor Richemont, owner of Cartier and Van Cleef & Arpels, saw jewelry sales rise by 24 percent in Q1—its seventh consecutive quarterly increase. The company earned $26 billion over the 12 months ending in May, with jewelry sales up a combined 14 percent to $19.2 billion.
Wines and spirits also contributed good news for LVMH, with houses such as Ardbeg and Chandon helping deliver a 5 percent increase in Q2.
CEO Bernard Arnault said the group's Maisons "continued to inspire dreams and enhance their desirability," citing a focus on quality and creative renewal. For more high-end lifestyle coverage, visit our Luxury Real Estate & Dream Homes hub.