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LVMH Group recorded a weak quarter, posting the lowest year-over-year sales gain of any of the luxury conglomerate’s business groups. Revenue in the first quarter of fiscal 2013 for LVMH’s watches and jewelry sector increased from $823.4 million to $831.3 million, a 2 % rise in organic revenue. Globally, LVMH Moët Hennessey Louis Vuitton recorded 7 percent organic revenue growth, with sales reaching $9.11 billion. During the first quarter, TAG Heuer marked the 50th anniversary of its Carrera line. LVMH said that Hublot and Zenith “had a good start to the year” and that Bulgari saw continued success with its Serpenti line and strong revenue growth in its own stores. In addition to TAG Heuer, Zenith, Hublot and Bulgari, LVMH owns Chaumet, Dior Watches, Fred and De Beers Diamond Jewellers.