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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  LVMH Mot Hennessy - Louis Vuitton SE    MC   FR0000121014

LVMH MOT HENNESSY - LOUIS VUITTON SE

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Vuitton's diamond as big as a tennis ball steals the show in Paris

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01/21/2020 | 06:11am EST
A recently purchased

Louis Vuitton made a splash as it showcased its latest purchase on Tuesday: the world's second-biggest rough diamond.

The LVMH-owned brand, which said last week that it was the new owner of the 1,758-carat Sewelo, displayed the glinting, blackened stone at its Place Vendome store in Paris.

The company has not said how much it paid for the diamond. The size of a tennis ball and covered in carbon, it was discovered in Botswana last year and will be cut into gems.

Its name, Sewelo, means "rare find" in Setswana, and the stone will be turned into a collection of fine jewellery, according to Lucara, a Canada-based diamond mining company which is partnering with Vuitton and an Antwerp-based manufacturer to produce the gems, and which owns the mine where it was found.

Vuitton, better known for making pricey handbags, only entered fine jewellery in 2012 - where it competes with Bulgari, also owned by LVMH, and Richemont's Cartier.

High-end jewellers are displaying their wares in Paris alongside Haute Couture Week, a showcase of one-of-a-kind outfits by top designers. Pieces in these jewellery collections often cost tens of thousands of dollars.

Jewellery has emerged as one of the fastest-growing segments of the luxury goods market in recent years, spurring LVMH's $16.2 billion purchase of U.S. label Tiffany last year.

Kering Gucci label also said last year it would branch into high-end jewellery.

(Reporting by Sarah White; Editing by Giles Elgood)

Stocks mentioned in the article
ChangeLast1st jan.
CHRISTIAN DIOR SE -1.89% 437.2 Real-time Quote.-2.45%
COMPAGNIE FINANCIÈRE RICHEMONT SA -0.41% 72.6 Delayed Quote.-4.13%
KERING -2.15% 574.2 Real-time Quote.0.31%
LUCARA DIAMOND CORPORATION 2.47% 0.83 Delayed Quote.-2.35%
LVMH MOËT HENNESSY - LOUIS VUITTON SE -1.79% 411.65 Real-time Quote.1.17%
SHOWCASE INC. 1.96% 675 End-of-day quote.-3.02%
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Financials (EUR)
Sales 2020 57 780 M
EBIT 2020 12 625 M
Net income 2020 8 181 M
Debt 2020 16 719 M
Yield 2020 1,86%
P/E ratio 2020 25,8x
P/E ratio 2021 23,6x
EV / Sales2020 3,94x
EV / Sales2021 3,44x
Capitalization 211 B
Chart LVMH MOT HENNESSY - LOUIS VUITTON SE
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Technical analysis trends LVMH MOT HENNESSY - LOUIS
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 440,72  €
Last Close Price 419,05  €
Spread / Highest target 31,2%
Spread / Average Target 5,17%
Spread / Lowest Target -33,7%
EPS Revisions
Managers
NameTitle
Bernard Arnault Chairman & Chief Executive Officer
Antonio Federico Belloni Group Managing Director & Director
Jean-Jacques Guiony Chief Financial Officer
Delphine Arnault-Gancia Director
Antoine Arnault Director
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RALPH LAUREN CORPORATION2.20%8 834
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