Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

LVMH MOËT HENNESSY LOUIS VUITTON SE

(MC)
  Report
Real-time Euronext Paris  -  11:38 2022-10-06 am EDT
635.10 EUR   -0.35%
10:43aEverGen Infrastructure Names CFO
MT
05:52aEuropean Midday Briefing: Shell Warning Adds to Market Caution
DJ
10/05European Midday Briefing: Stocks Tumble as Mini Rally Falters
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Jewellery maker Pandora goes big on lab-made diamonds with North American launch

08/16/2022 | 01:34am EDT
FILE PHOTO: Pandora at the Woodbury Common Premium Outlets in Central Valley, New York

COPENHAGEN (Reuters) - Pandora, the world's largest jewellery maker, said on Tuesday it would move ahead with its bet on lab-made diamonds, following its announcement last year to stop selling mined diamonds.

Copenhagen-based Pandora will launch a collection using unmined gems in North America this month, as it hopes to attract younger shoppers with cheaper and more sustainable stones guaranteed not to have come from conflict zones.

The launch of 269 stores across the United States and Canada as well as online comes after a smaller pilot launch in Britain last year.

"Lab-created diamonds are just as beautiful as mined diamonds, but available to more people and with lower carbon emissions," Chief Executive Officer Alexander Lacik said in a statement.

Lab-grown diamonds have seen demand growth and price decreases relative to natural-mined diamonds, according to Bain & Company research, which showed the average polished lab-grown retail price declined to 30% of natural prices.

The transition of lab-made gems towards being a viable commercial alternative to real diamonds has spurred firms such as De Beers and Swarovski to end their decades-old policy of shunning synthetic gems in their jewellery, while luxury group LVMH also is exploring the category.

The products range from a silver ring with a 0.15 carat lab-created diamond worth $300 to a solid gold ring which costs $1950.

While production of lab-grown diamonds is energy-intensive, Pandora said its diamonds would be made using only renewable energy.

The gems will be made using a technology in which a hydrocarbon gas mixture is heated to 800 Celsius (1,472 Fahrenheit), spurring carbon atoms to be deposited on a small seed diamond, growing into a crystal layer by layer.

(Reporting by Stine Jacobsen; Editing by Bernadette Baum)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 1.26% 94.87 Delayed Quote.17.76%
LVMH MOËT HENNESSY LOUIS VUITTON SE -0.35% 635.1 Real-time Quote.-12.34%
PANDORA A/S -0.21% 378.5 Delayed Quote.-53.48%
SILVER -0.32% 20.5992 Delayed Quote.-9.79%
WTI 1.13% 89.062 Delayed Quote.16.82%
All news about LVMH MOËT HENNESSY LOUIS VUITTON SE
10:43aEverGen Infrastructure Names CFO
MT
05:52aEuropean Midday Briefing: Shell Warning Adds to Market Caution
DJ
10/05European Midday Briefing: Stocks Tumble as Mini Rally Falters
DJ
10/05LVMH : RBC reaffirms its Buy rating
MD
10/04Lvmh : Share Transactions Disclosure
GL
10/04Lvmh : Share Transactions Disclosure
AQ
10/03LVMH : Gets a Buy rating from Bernstein
MD
10/03LVMH : Gets a Buy rating from UBS
MD
10/01Victoria Beckham marks debut at Paris Fashion Week with chic silhouettes
RE
10/01Under a cloud of belt-tightening, Paris Fashion Week struts on
RE
More news
Analyst Recommendations on LVMH MOËT HENNESSY LOUIS VUITTON SE
More recommendations
Financials
Sales 2022 77 504 M 76 171 M 76 171 M
Net income 2022 14 309 M 14 063 M 14 063 M
Net Debt 2022 20 285 M 19 936 M 19 936 M
P/E ratio 2022 22,4x
Yield 2022 1,88%
Capitalization 319 B 313 B 313 B
EV / Sales 2022 4,38x
EV / Sales 2023 3,99x
Nbr of Employees 157 953
Free-Float 50,8%
Chart LVMH MOËT HENNESSY LOUIS VUITTON SE
Duration : Period :
LVMH Moët Hennessy Louis Vuitton SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LVMH MOËT HENNESSY LOUIS VUITTON SE
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Last Close Price 635,10 €
Average target price 779,52 €
Spread / Average Target 22,7%
EPS Revisions
Managers and Directors
Bernard Arnault Chairman & Chief Executive Officer
Jean-Jacques Guiony Chief Financial Officer
Charles de Croisset Lead Independent Director
Yves-Thibault de Silguy Independent Director
Hubert Védrine Independent Director
Sector and Competitors
1st jan.Capi. (M$)
LVMH MOËT HENNESSY LOUIS VUITTON SE-12.34%315 461
LULULEMON ATHLETICA INC.-20.79%39 533
LI NING COMPANY LIMITED-21.73%22 254
VF CORPORATION-56.62%12 393
MONCLER S.P.A.-29.08%12 033
PAGE INDUSTRIES LIMITED29.15%7 130