At Chanel, revenue in 2021 jumped 50 percent year-on-year to reach $15 billion, a 23 percent increase from 2019 levels. Its watches and jewelry division posted double-digit growth in 2021, which happened to be the 100th anniversary of Chanel’s No. As a tribute, the company designed a high jewelry collection featuring a necklace set with a D-flawless diamond, cut into a single 55.55-carat stone in the shape and proportions of the perfume bottle’s stopper. “We are very happy and satisfied with our growth, business is extremely good,” Frédéric Grangié, Chanel’s president of watches and fine jewelry, wrote in an email. High jewelry, he said, “is extremely dynamic, fine jewelry is on the rise, and watchmaking and haute horlogerie are also experiencing strong growth.

Source: International New York Times July 04, 2022 23:34 UTC