Arnault was crowing on LVMH’s recent earnings conference call about the company’s contentious 2021 acquisition of Tiffany. He said Tiffany’s earnings had doubled since the roughly $16 billion purchase.
The company that owns an 80 percent stake in the Antwerp-based lab reportedly believes it is worth more than $200 million.
As an asset class, luxury baubles have never been hotter. Here’s what you need to know to get in on the gem game.
A diamond might be forever, as the famous advertising slogan from De Beers claims, but a diamond mine certainly isn’t.