Luxury brands focus on jewellery amid fashion sales decline
The Express Tribune highlighted the growth in jewellery sales by Richemont and anticipated improvements in hard luxury sales by LVMH. The Business Recorder focused on investor attention shifting to jewellery sales amid weak fashion sales and the impact of the Middle East conflict, without mentioning specific sales figures.
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As fashion stumbles, jewellery will help shape luxury's winners
PARIS: As luxury groups grapple with weak fashion sales and a hit to spending from the Middle East conflict, investors are increasingly focused on one question: who sells enough jewels. The answer may help determine the $400 billion industry’s next winners and losers. The luxury goods sector was expected to return to growth in 2026 after contracting for two consecutive years, but the conflict w...
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84%
As fashion stumbles, jewellery will help shape luxury's winners
Sales of jewellery at Richemont soar by 24% in quarter till June 30, LVMH also expected to improve hard luxury sales
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