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.
In some ways, jewelry is a safer investment: It doesn’t require tailored storage or upkeep like wine, art and cars; it’s easily transportable; it’s valuable currency in any country; and it can be worn and enjoyed.
As an asset class, luxury baubles have never been hotter. Here’s what you need to know to get in on the gem game.