2011 will be a gem of a year, says LVMH

LVMH, owner of Moët Hennessy champagne, Louis Vuitton luggage and TAG Heuer watches, struck an upbeat note for the rest of 2011, saying sales had soared in the first nine months.

The French multinational conglomerate's revenues grew by 15 per cent to €16.3bn, boosted by strong jewellery sales.