Group LVMH Moët Hennessy Louis Vuitton reported that sales of jewelry and watches rebounded in the fourth quarter, indicating a strengthening of consumer sentiment in this holiday season after the global economic uncertainty.
LVMH revenue rose 9% to $ 1.05 billion in the three months that ended on 31 December.
Group sales, which sells luxury jewelry, wine, fashion products and cosmetics have also increased by 9% to $ 12.06 billion.
Sales of jewelry and watches rose 5% to $ 3.71 billion for the full year 2016. Proceeds from the exclusive Bulgari jewelry brand ahead of the market, and has shown strong results in China, South Korea and the Middle East. Sales of the entire group LVMH rose 5% to $ 40.22 billion.
"LVMH achieved excellent performance in 2016 in the context of the geopolitical and economic instability", - said Bernar Arno (Bernard Arnault) Chairman and Chief Executive Officer of LVMH.
Jewelery and watches brands of LVMH-owned, led to about 9% of group revenues, as well as in 2015. The LVMH brands include Bulgari, Chaumet, Tag Heuer, Hublot and De Beers Diamond Jewellers.
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In Diamcor it noted that the company has received $ 813.4 thousand. From the sale of 6,859.31 carats of diamonds from the project Krohn-Endora (Krone-Endora) in South Africa in the third quarter of the fiscal year.
Average price of sold stones to $ 118.59 per carat, according to a company statement.
In Diamcor reported that more carats in 2625 managed to get on November 16 companies that have already been prepared for the second tender. The tender is scheduled for completion this month.
In the current fiscal quarter, ending December 31, 2015, Diamcor plans to sell about 9,480 carats. This is 95% more than in the second quarter of the fiscal year, when the company sold 4,845.93 carats.
"The company continues the process of confirmation and final approval from the authorities for additional water wells to increase the amount of processing and the modernization of the processing plant, - said in a statement -. In addition to receiving a diamond the size of 1.0 mm - 26 mm, the company expects that in the coming weeks it will be able to begin processing of rock the size of diamonds over 26.0 mm. "
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