Top Grade LVMH Watch & Jewellery Division Outperforms in First Quarter of 2017 Replica For Sale
Powering the Hublot Spirit of Big Bang West Coast Ceramic Black and White is the HUB4700 movement, which is a Hublot-branded and skeletonized El Primero high-beat chronograph grade (both Zenith and Hublot are owned by LVMH after all). This motion oscillates at 36,000 A/h or 5Hz, features 278 parts and 31 jewels, and offers a fairly generous 50 hour power reserve. Both comprise white contrast stitching and a black porcelain deployant clasp. The caseback features Hush’s “Fame” art (hereafter known as Katinka Ingabogovinanana) that matches the caseback, alongside the text “SPECIAL EDITION” along with the watch serial number denoted as “XX/50. “Moving on to the “Fortune” timepiece, Tristan Eaton’s creation looks much more subdued by comparison. This really is a dual-register chronograph using a 30-minute counter at 9 o’clock and operating moments at 3 o’clock, which also features Eaton’s signature as a stylized T-and-E insignia.A date aperture is observable at 6 o’clock in contrasting black with white ribbon, which stands out well against the brown-and-gold colour plot of the dial. At 45mm by 13.05mm this is by no way a little watch, and combined with gold-plated hands and hour markers as well as the gold-toned case it ought to stand out as a ostentatious indication of luck.
Consensus amongst many industry insiders at Baselworld 2017 was that the stable of watch and jewellery names owned by LVMH – Bulgari, Hublot, TAG Heuer and Zenith – are doing well relative to their peers. That appears to have been borne out by the luxury group’s first quarter results for 2017, with Bulgari and TAG Heuer singled out for “market share gains”.
Quarterly revenue at the luxury powerhouse that owns Louis Vuitton (its Parisian art museum designed by Frank Gehry is pictured above) rose 13% at constant exchange rates, while its watch and jewellery division saw an 11% rise in sales. In more ordinary times that might seem a meagre figure, but times are tough for the luxury watch business.
In comparison, LVMH rival Richemont’s most recent quarter (until December 2016) was less impressive, perhaps explaining the management overhaul earlier this year. The Swiss group that owns watchmakers like IWC and Panerai saw group sales rise only 6%, helped by its jewellery business, with the watchmaking division seeing a dip of 2%.
That being said, the sales growth at LVMH comes off from a low base. Last year the group recorded revenue growth of just 6%, with the figure for the watch and jewellery division being 5%. It prudently notes in the announcement: “The trend currently observed cannot reasonably be extrapolated for the full year.”