Things may just be turning around for LVMH.The luxury conglomerate’s revenue for the first half 2026 totaled nearly $44 billion (38.6 euros), according to its new report released on Monday. Q2 was no slouch, either, sales in the period jump by 3 percent. Since LVMH is a bellwether of the luxury industry, it appears the sector is seeing the slightest of upticks amid geopolitical turmoil, rising gold prices, and a previously struggling high-end market.Luxury shoppers in the United States lead the charge, with affluent consumers splashing down cash on fashion and leather goods in the second quarter. Throughout that period, that section had its sales rise by 1 percent—a figure that’s small but fierce, since it marks the first increase in that space for LVMH in two years, WWD reported. The swell is due, in part, to Jonathan Anderson’s first creations for Christian Dior and Louis Vuitton stores in Beijing and Seoul.Watches and jewelry, meanwhile, outshone the other categories in LVMH’s roster. That cluster’s sales soared by 11 percent in the second quarter, driven by brands such as TAG Heuer, Tiffany & Co., and Hublot. Wines and spirits also had some good news, with houses such as Ardbeg and Chandon contributing to a 5 percent increase in Q2; the spirits sector across the board has seen a few struggles lately, with closing distilleries across the globe.“LVMH demonstrated its solidity and effective strategy. Our Maisons—which remained focused on ensuring the utmost quality in our products, and several of which are pursuing their creative renewal—continued to inspire dreams and enhance their desirability,” the conglomerate’s CEO Bernard Arnault said in a press statement.Lately, jewelry is leading the charge across the industry as consumers seem to be more focused on dazzling gems than fashion and leather goods. The strength in the sector continues to be a shining light, one that is helping high-end maisons and their conglomerates buck a sluggish luxury market as demand for jewelry continues to rise. Take Richemont: LVMH’s competitor (and owner of Cartier and Van Cleef & Arpels, among others) saw its jewelry sales rise by 24 percent in Q1, marking the seventh consecutive quarterly increase for its houses. The company also announced that it earned a whopping $26 billion over the last 12 months ending this past May; jewelry had a large impact there, too, with a combined sales increase of 14 percent to the tune of $19.2 billion.And with more luxury brands unveiling their quarterly finds this week, we’ll get an even closer look as to what shoppers are homing in on as of late.